FEMA has created more accurate maps indicating which homeowners should purchase flood insurance. The Flood Insurance Rate Maps are not only more accurate, but can be updated more efficiently.
USA Today reported that by the year 2010, about 92% of the United States’ populations (which will account for 65% of the land) will be covered on the maps.
Those who have mortgages in the flood zones will be required by the federal government to carry flood insurance along with their homeowners insurance. This will create more expenses for those who have not had to carry flood insurance, but will also relieve some homeowners from the cost of flood insurance when they find out that they no longer are considered to be living in a flood zone.
“The maps will also be used for plain management and permitting purposes,” according to The World Link. Aerial photos in the new easy-to-read maps will allow people to see photos of their property.
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Learn about flood recovery services if you live in a flood zone.