Insurance premiums to jump for Long Island homeowners in flood-prone areas

Thousands of Long Island homeowners who live in areas prone to flooding are bracing for a huge financial burden. Carol Crupi, of Valley Stream, says

Thousands of Long Island homeowners who live in areas prone to flooding are bracing for a huge financial burden.

Thousands of Long Island homeowners who live in areas prone to flooding are bracing for a huge financial burden. (10/1/13)

VALLEY STREAM - Thousands of Long Island homeowners who live in areas prone to flooding are bracing for a huge financial burden.

Carol Crupi, of Valley Stream, says her house was not designated a high-risk flood zone, though she lives just a few blocks from one. She has the option of renewing her flood insurance, but says she won't because of a sharp new increase. Crupi says it would cost her about $2,000, even though she just renewed her policy in June and paid $427.

Rates may change for homeowners based on the elevation of their houses. Homeowners may be required to get a new survey, which would cost between $500 and $800.

Long Beach insurance broker Garrett Guttenberg says the changes could mean an increase of several thousand dollars per year for certain flood insurance.

Congress approved the increases last year as a way to help fund FEMA, which has spent billions in disaster aid.

advertisement | advertise on News 12

Top 5 Must See

Suffolk police say a body was found behind 1 Police: Body found behind auto parts store
Immigrant advocates are calling for law enforcement agencies 2 Immigrant advocates ask officials not to work with ICE
Photography students at Lynbrook High School are refinishing 3 Students refinish old photos submitted by the community
The school district says the candy made the 4 Sachem SD: 6 students hospitalized after eating potentially laced candy
Robert Crumb, 44, pleaded not guilty to second-degree 5 Man pleads not guilty to stabbing wife to death in Bethpage

advertisement | advertise on News 12

Features

Need help this holiday season? We've got you Holiday Help Series

Need a gift idea? Perhaps you need a fun idea to do with the kids?

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE