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Jun 15, 2017 4:14 PMPublication: The East Hampton Press & The Southampton Press

Zeldin Introduces Bill To Lower Insurance Premiums For Flood Insurance Holders

Jun 18, 2017 10:45 AM

U.S. Representative Lee Zeldin of Shirley has introduced the NFIP Policyholder Protection Act, a federal bill that, if passed, would grant premium reductions to National Flood Insurance Program (NFIP) policyholders who enact flood mitigation activities.

Mitigation efforts include elevating one’s home, adding porous foundations and moving boilers to the second floor of a house. The bill would reward such actions with a lowered insurance premium.

Currently, FEMA offers the Flood Mitigation Assistance Grant Program, which allocates grant funds to individual states. States disburse such funds to local governments, state agencies and private nonprofits who subsequently give money to individuals.

Mr. Zeldin, a member of the House Financial Services Committee and Housing and Insurance Subcommittee, hopes to “protect homeowners’ access to affordable insurance, and improve the way claims are processed so that policyholders aren’t stuck dealing with bureaucracy and red tape after their property is damaged by a flood,” as stated in a press release.

The bill also proposes to cap the maximum premium that the Federal Emergency Management Agency can charge a homeowner at $10,000 per year.

“Passage of this bill is critical to protect homeowners on Long Island and across the country,” Mr. Zeldin said. “I look forward to getting this bill across the finish line.”

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Why is the Honorable Lee Zeldin in favor of reducing FEDERALLY FUNDED INSURANCE premiums for rich folk who have houses on the ocean but not in favor of the average American citizen receiving federally funded health insurance, with lower premiums for those who "mitigate" health risks by not smoking, and not being over 25% overweight?

Could it be that rich people contribute to his campaign coffers and ordinary citizens do not?
By davidf (325), hampton bays on Jun 16, 17 11:08 AM
1 member liked this comment
David, the bipartisan bill was co-introduced with Carolyn B. Maloney (D, NY-12). The second part of your post is simply not true, misleading at best, perhaps best summarized by the following from the Congressman's site about efforts to improve health care options: "There are so many outright lies attacking this legislation, like the social media campaign absurdly claiming that 310,000 NY-1 residents with pre-existing conditions would lose their health care under the AHCA. That's not within a million ...more
By Mr. Snerdley (344), Southampton on Jun 16, 17 12:45 PM
There is no healthcare bill at this point, so why would you waste your time posting a meaningless statement?
By June Bug (1319), SOUTHAMPTON on Jun 17, 17 11:57 AM
Feed to beach houses extra money???
By knitter (838), Southampton on Jun 16, 17 11:21 AM
So happy that Rich People with oceanfront houses get federal subsidies for flood insurance and common citizens are denied health care.

Question for all the knee jerk conservatives, if there's no such thing as global warming, then why does coastal flooding risk require a subsidy from the Federal Government?
By dfree (306), hampton bays on Jun 16, 17 3:15 PM
If there is such a thing as renewable energy why do those companies keep getting government subsidies? And go out of business anyway.

Finally, there is no such thing as ''Flood Insurance''.

''Flood Insurance'' is protection through a federal program....ALL ''flood insurance'' is subsidized.
By even flow (450), East Hampton on Jun 18, 17 3:04 PM
Why do we have FEDERAL FLOOD INSURANCE FOR RICH PEOPLE? Answer the specific question for once. Is it because RICH PEOPLE contribute to the Honorable Lee Zeldin's campaign? If you have an alternative logical theory on this SPECIFIC topic please offer it.
By davidf (325), hampton bays on Jun 19, 17 10:07 AM
"Such a thing as renewable energy?" Seriously? Ever hear of solar and wind?
Do you realize the fossil fuel industry is subsidized to the tune of roughly $500B a year, and has been forever despite unconscionable profits and long since an industry in start-up stage which is a criterion for subsidization. Versus roughly 1/5 of that for renewables which, according to the International Energy Agency, will bring long term economic and environmental benefits.
By June Bug (1319), SOUTHAMPTON on Jun 19, 17 10:43 AM
I love paying Federal Taxes so that Rich People with waterfront homes get subsidized insurance. Good thinking, Honorable Lee Zeldin, soak the middle class!
By dfree (306), hampton bays on Jun 18, 17 11:40 AM
Wait. You can't be a liberal and crow about paying your taxes.

You pay taxes because you are a democrat and there is no higher calling. Get with the program.
By SlimeAlive (587), Southampton on Jun 18, 17 3:01 PM
Mr. SLI, did your boy the Honorable Lee Zeldin make a problem for you? Tell my why ANYONE'S taxes should support FEDERAL INSURANCE for OCEAN FRONT property owned by RICH PEOPLE? Answer the question for once. Explain to me the logic ON THIS SPECIFIC TOPIC, please don't try to move the conversation to another one, I'm interested in your EDUCATED opinion on why we pay taxes to subsidize FEDERAL flood insurance.
By davidf (325), hampton bays on Jun 19, 17 10:05 AM
You ever see poor people live on the ocean?
Jun 19, 17 10:42 AM appended by SlimeAlive
You aren't a proponent of ''single payer'' are you? The National Flood Insurance Program is single payer. enjoy.
By SlimeAlive (587), Southampton on Jun 19, 17 10:42 AM
Where does it say ocean front? Many many middle and even lower income people own homes near the water. Some are inherited from previous generations and just trying to get by. Some are seniors on fixed income. Just try to get a mortgage on a home within a mile or 2 of the bays, flood insurance is a requirement. Homeowner insurance is impossible. People are struggling and the 1% in the oceanfront mansions don't need or even care about a tax break. Flood insurance for them doesn't even put ...more
By Taz (249), East Quogue on Jun 19, 17 10:58 AM
"Some are inherited from previous generations"? You mean like a congenital birth defect for which the Honorable Lee Zeldin thinks the Federal Government has no role in providing medical assistance? Subsidize flood insurance with Federal taxes but whine about liberals asking for medical support for the poor and sick. Nasty illogical nonsense.

And yes, there are poor people living near the ocean -- in projects in Coney Island. I guess that's who the Honorable Lee Zeldin was looking to ...more
By davidf (325), hampton bays on Jun 20, 17 11:59 AM