Amendments Underway for Collier County’s New Flood Insurance Rate Maps
Targeted News Service |
The
These maps, which became effective on
Flood maps can be amended at any time, even after they become effective, to incorporate updated data. Because the most recent elevation data was not included in its entirety when preparing the maps that just went into effect, amendments will made to remove some properties shown in the high-risk areas of flooding. These areas are called Special Flood Hazard Areas (SFHAs). These map amendments apply to some properties in the unincorporated areas of
By removing properties from high-risk areas of flooding on flood insurance rate maps, this also removes the Federal mandatory flood insurance purchase requirement for those properties. However, a mortgage lender, as a condition of the mortgage loan, may require the purchase of flood insurance in any flood zone.
On
By law, federally regulated or insured mortgage lenders require flood insurance on properties that are located in areas at high risk of flooding. Even people living outside of high-risk areas can experience flooding, which is the most common and costly natural disaster in the U.S. That's why everyone, regardless of their flood zone, should take steps to financially protect themselves from a disaster which affects far too many communities each year. The primary way to do that is by purchasing flood insurance. It's available at affordable rates through the National Flood Insurance Program (NFIP), a voluntary program administered by
Click here for Frequently Asked Questions (http://www.colliergov.net/Modules/ShowDocument.aspx?documentid=43745)
TNS C-paypan56 120602-mv45-3896452
Copyright: | (c) 2012 Targeted News Service |
Wordcount: | 563 |
Prudential Plc Through its Wholly-Owned Subsidiary Jackson National Life to Acquire the US Holding Company of REALIC for Pounds398M
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News