Cape Cod property owners could see huge flood insurance price hike with 'Risk Rating 2.0'
Cape Cod property owners could see huge flood insurance price hike with 'Risk Rating 2.0' Cape Cod Times (Hyannis, MA) Feb. 25—YARMOUTH — Coastal property owners are accustomed to getting a jolt from nature. Nor'easters, the occasional hurricane, even unexpectedly big tides can mean expensive repairs or replacement of an entire structure. In recent years, changes to the insurance policies that cover those damages led to additional sticker shock with the threat of skyrocketing rate increases. In 2013, it was the redrawing of Federal Emergency Management Agency flood plain maps, used to ca...