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The County of San Mateo has provided a notice to lending institutions and real estate and insurance agents regarding flood insurance rate map zone information.

Think your clients may have overpaid on flood insurance? FEMA has released information on how refunds for over payments will be determined and issued.

Insurance companies have been directed to stop charging full-risk premium rates for flood insurance on older properties sold after May 1, the Federal Emergency Management Agency (FEMA) mandated in a recent bulletin. The bulletin is FEMA's first directive at implementing the Homeowner Flood Insurance Affordability Act, enacted last month to curb escalating flood insurance premiums. The bulletin directs insurers to allow home buyers to assume the seller's premium rate until FEMA issues new rate tables and refunds excessive premiums as directed under the law.

Property owners in flood zones in San Mateo County are likely to get relief under a bill recently signed by the President.