People in Galveston already pay thousands for insurance between home owners, windstorm and flood insurance it can be thousands of dollars a year and now they will be even paying more.
This may be what comes to mind when you think of Galveston Island homes, but most are like John Brown Jr.’s. And the insurance bill for these homes is already quite steep.
“I am paying $4,000 for windstorm, $3,500 for flood and $1,100 for fire and my homeowners policy,” Brown said.
Brown is facing an increase in those costs thanks to changes in the National Flood Insurance Program that were approved last year by Congress.
