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Flood insurance premiums to climb in area | Local News

The federal government’s new model for pricing flood insurance policies aims to be more equitable, more individualized and more sustainable — but for some in this area, unaffordable. The new model nearly quadruples the average cost of a policy in parts of Washington.

Under the new pricing model finalized by the Federal Emergency Management Agency (FEMA) this year, the average annual price for the 25 flood insurance policies in the 63090 zip code will increase from $1,082 to $4,294, according to FEMA data.

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