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Monday, September 29, 2014

New FEMA Flood Maps May Mean Insurance Changes For Coastal Marylanders

ANNAPOLIS, Md. — A long line of anxious property owners snaked through the cafeteria, past a sign-in table and down the hall—each of them waiting to be told whether they were in or out.

Floodplain maps have been redrawn by the Federal Emergency Management Agency in Maryland, Virginia, Pennsylvania and Delaware, a change that could shift properties into or out of a flood risk zone.

The updated maps are used to calculate flood insurance rates, so for homeowners whose properties moved into FEMAs designated flood risk areas, the map change could mean paying more for flood insurance.

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2 comments:

Anonymous said...

Being in Annapolis when a flood situation occurred was a scary thing.People were going down the streets in canoes and man hole covers were popping out due to water surge.The police were ordering people off of the streets because at least one person drowned when he stepped into one of the uncovered manholes,which was submerged under at least 2 feet of water.

Anonymous said...

Another tax. Expand the flood zone and skim it off the insurance companies.