New Flood Maps Change the Insurance Landscape

Thursday, April 01, 2010

New Flood Maps Drawn by FEMA

The Federal Emergency Management Agency (FEMA) announces redrawn flood maps which identify areas around the Greater Binghamton that are vulnerable to flooding and mudslide damage.  The new maps bring more than 6,500 properties into the high-risk flood zones, requiring many building and dwelling owners to purchase flood insurance for the first time.

The "Map Modernization" process is not complete yet, but the new maps are available for viewing on the internet at http://gis1.msc.fema.gov/Website/newstore/viewer.htm  Until the new maps are formally approved, homeowners and businesses affected by the changes can purchase flood insurance at current rates and be grandfathered in to existing rates.

If you think you might be affected by the FEMA map changes, please contact us and we will assist you in determining your flood zone and getting a flood insurance quote for your property.

Don't wait - call us today.  There is a 30 day waiting period after you apply for flood insurance before coverage becomes effective!