Limitations on required Flood Insurance coverage in Massachusetts

Whether you own a home, condo or multi-family, you will now have the option to cover only the outstanding loan balance on your flood insurance policy. Massachusetts state law now limits the amount of flood insurance a creditor can require of an owner or purchaser of residential property in a Special Flood Hazard Area (SPFA). […]

Massachusetts Delegates push for a delay of the New Flood Maps and Insurance Increases

Many Massachusetts homeowners have experienced rate shock over flood insurance with the release of the new FEMA maps. These changes to the FEMA flood maps have caused some residents and businesses to see a dramatic jump in flood insurance premiums, while in other cases, some properties which formerly were not mapped in a flood zone […]