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It’s no secret that Americans are willing to pay a premium for property on the beach. They could soon be paying hefty insurance premiums to live there as well.

Starting Oct. 1, the federal government plans to start gradually reducing subsidies for its flood insurance programs, pushing up rates for homeowners, according to the New York Times.

For the first time, the government will also take into account a home’s size, which means the owners of large beachfront properties are in for even larger rate hikes.