Chat with us, powered by LiveChat Homeowner Flood Insurance Affordability Act, passed by President Obama in 2014. - Writeden

Order Instructions

This final course project will be due by the end of the course; Week 8. By Week 2, you must submit your topic and proposed approach to it through the link on the Assignments page for the Week 2 assignment. You need to obtain your instructor’s approval before proceeding to develop and submit your work for a grade. Topics that are significantly similar to concepts covered in the course, or in the forums and/or in other assignments will not be accepted in fulfillment of this final paper.

There is no stipulated maximum length for this paper, but I expect the paper to be complete. Typically, a term paper in this level course should have between 5-8 double-spaced pages in the body of its text not counting the title page and References page(s). You must include at least 10 sources. Work not attaining at least 5-8 pages or having at least 10-sources will be considered as non-responsive and will not attain a sufficiently passing grade.

The term paper will be graded in accordance with the rubric located in the assignment section of your course classroom (See: term paper assignment) for details.

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Research Topic: Homeowner Flood Insurance Affordability Act, passed by President Obama in 2014.

 

Approach: explore its impact on homeowners as well as the National Flood Insurance Program.

 

Approach: analyze the provisions of the act, such as its gradual increase in rates to reflect flood risk and elimination of subsidized premiums for pre-FIRM policyholders.

 

Approach: examine how the transition time provided by the act allows homeowners to adapt and implement damage mitigation measures to lower their risk and premiums or sell their properties.

 

Approach: analyze the various objections that led to the act’s creation, such as concerns over affordability and escalating premiums.

 

Approach: assess the effectiveness of the act in addressing these concerns and whether it achieved its intended goals.