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Fort Myers Beach Homeowners Hit by Soaring Flood Insurance Costs After FEMA Discount Disappears

Fort Myers Beach Homeowners Hit by Soaring Flood Insurance Costs After FEMA Discount Disappears

Fort Myers Beach residents face higher flood insurance bills following the loss of the FEMA discount that has been a lifeline for the community since 1999. The 25% discount, integral to families seeking to mitigate the impacts of costly flood insurance, has vanished after FEMA placed the town on probation.

In a recent discussion, FOX 4’s Fort Myers Beach correspondent, Anvar Ruziev, connected with locals, capturing their emotional responses to the increase in expenses:

‘Can’t catch a break’: Fort Myers Beach residents face higher flood insurance bills after losing FEMA discount

As of Thursday, Fort Myers Beach officials received the news that FEMA would be removing the Community Rating System discount. Despite the town’s attempts to rectify issues before the November 18 deadline, FEMA’s decision remained unchanged.

The repercussions are profound. George Kormos, a long-time resident, expressed his concern: “Insurance is already so expensive. Without that 25% discount, I just can’t justify the cost. I’ve even decided not to get flood insurance because it’s too much for what you get if there’s a flood.” This resonates deeply for many, as the potential for an extra $2,000 in annual costs looms over families, placing added stress on those still grappling with hurricane aftermath.

“It’s going to force people out who can’t afford it,” he said, voice heavy with concern. Flood insurance, already a significant burden, now feels insurmountable without the support from FEMA. The sorrow lies not just in the additional expense, but in the choice it creates: coverage or survival.

Andrew Hyatt, the town manager, voiced his disappointment yet reiterated a commitment to collaboration with FEMA. For over 25 years, Fort Myers Beach had relied on this program to foster resilience against flooding, understanding the importance of protecting their homes and livelihoods.

Source

Written By

Avi Adkins is a seasoned journalist with a passion for storytelling and a keen eye for detail. With years of experience in the field, Adkins has established himself as a respected figure in journalism.

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