Changes in Flood Maps - What Property Owners Need to Know
As a result of updated FIRMs, many property owners will see that their risk of flooding has changed. For some, their property may be mapped into a high-risk area. This can mean new, mandatory Federal flood insurance purchase requirements. Other property owners might see that their flood risk has been reduced and the Federal requirement has been removed, although the lender can still require it. Flood insurance is still strongly recommended since the risk has not been eliminated, just reduced.
|Changes in Flood Maps - What Property Owners Need to Know||493.93K||February 1, 2014|