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Flood insurance rates could drown the city


Date published: 1/27/2014

Flood insurance rates could drown the city

I recently bought a property in downtown Fredericksburg. The flood insurance was quoted as $21,000 for a $50,000 deductible. This is crazy, and I am worried about the future success of the city. I love this city and want to invest here, but if the flood insurance laws don't change, I think downtown Fredericksburg will be significantly affected by this.

Chet Pai

Spotsylvania