CHARLESTON, S.C. (AP) -- Flood insurance premiums and deductibles are increasing for thousands of homeowners across South Carolina.
The Post and Courier of Charleston reports that the National Flood Insurance Program is raising monthly premiums about 8 percent beginning Oct. 1.
Deductibles will also double as part of the changes.
At the end of April, almost 201,000 South Carolina properties were covered with a value of almost $46 billion.
The Federal Emergency Management Agency administers the program and says the changes bring deductibles in line with industry standards.
Information from: The Post and Courier, http://www.postandcourier.com
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