FEMA has released information on providing refunds to property owners who overpaid for flood insurance.  The Homeowner Flood Insurance Affordability Act, passed earlier this year, restored grandfathered rates and repealed certain rate increases,  so some policyholders are due a refund.  These refunds are expected to begin being paid on Oct. 1 and must be completed by Dec. 31, 2014.  FEMA  has also issued guidance so most impacted policyholders won’t be required to pay rates higher than the law now requires during the time the rate tables are being developed.   For more information about who may be eligible for subsidized rates and ways to reduce insurance costs, please access these informational videos and brochures from the FEMA website: