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Reply to "FEMA Flood Maps"
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[quote=Anonymous][quote=Anonymous]FEMA revised their maps a few years ago and their methodology expanded the inland flood areas significantly. It was probably a bit too expansive for current day, but brought a lot more people into the flood insurance program. If you’re newly in AE zone, if you sell your house your buyer will need to purchase flood insurance in order to secure nearly all financing. I’d probably get flood insurance if I were you. The likelihood of a total loss in your situation is low, so the max NFIP coverage is probably sufficient. The premiums for these plans are very reasonable and not the horror stories you hear about along the gulf coast or similar areas.[/quote] I don’t remember anything about being in a flood zone when we bought or else we wouldn’t have bought it. I guess being in a flood zone without waterfront views is probably going to make our house hard to unload when we eventually move. And now I’m more worried about all of the flood alerts. Sigh.[/quote]
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