Hilton Head Real Estate

Flood Insurance on Hilton Head Island

While we have found that most Flood Policies are assumable and we have closed our Hilton Head homes with the new buyer assuming the sellers policy, Congress has extended the National Flood Insurance Program (NFIP) through September 30th.  The bill is retroactive and will cover the lapse period from June 1, 2010, to the date the law is enacted. 

National Flood Insurance Program Extension Act of 2010

Senate passage of the National Flood Insurance Program Extension Act of 2010 (H.R. 5569), reauthorizes extension the NFIP until September 30, allowing currently stalled transactions to move forward. The bill is retroactive and covers the lapsed period from June 1, 2010, to the date of enactment of the extension. Any new policy applications or renewals that were signed and submitted during the lapsed period will be effective from the date of application. In the case of waiting periods, the waiting period will start from the date of application.

Hilton Head Retirees take note

States are wooing retirees with tax breaks.  Considering everything, listed below are the states that tax experts say offer the best deals for residents older than 65:

Georgia, Pennsylvania, Mississippi, Illinois, Michigan, Kentucky, New York, South Carolina, Delaware  and Louisiana Read the rest of this entry