Mequon residents fighting against increased insurance costs due to floodplain expansion

Live on Padre Island and see an increase in your flood insurance rate? Here's why

Flooding of neighbors' homes is something that could happen at any time on Padre Island. While many neighbors have flooding insurance to protect their homes in case of emergency, some people are not happy with their flood insurance bills this year. My flood insurance went up about $360, which was close to 31% from the year before," Donald Hoy, a Padre Island neighbor, said. Hoy is not alone in experiencing a sudden spike in his flood insurance r…

Mequon residents fighting against increased insurance costs due to floodplain expansion

Dozens of Mequon residents are on the hook for flood insurance that city leaders now believe they shouldn't have to pay.When the Federal Emergency Managment Agency's new floodplain maps went into effect last year, the total area expanded. That resulted in dozens of properties in Mequon near the Milwaukee River being added to the floodplain. Residents with mortgages, like Mike Spanjar, were given an ultimatum to either buy flood insurance or move…

Study reveals large price increases for one type of insuranceIf you are planning an Easter holiday in warmer climes, you should expect that your travel insurance has become significantly more expensive than it used to be.