The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
May 18--CORSICANA -- Corsicana and Navarro County homeowners, business and residential renters, and business owners who do not have flood insurance are encouraged to review new flood insurance rate maps go into effect June 5.
Property owners who don't have flood insurance have time to get the best possible premiums to protect their property from potential flooding should they be affected by the new maps, according to a news release from the Federal Emergency Management Agency.
"While many people are required by mortgage and lending companies to have flood insurance, FEMA and the National Flood Insurance Program (NFIP) strongly recommend that everyone have flood insurance," said Acting Region 6 Administrator Tony Robinson. "The reason is simple: You don't have to be in a mapped floodplain to flood."
FEMA encourages current policy holders and those planning to purchase NFIP protection are strongly encouraged to contact their insurance agent or company to ensure that they have adequate coverage for building and contents that accounts for new flood risk data.
Those who purchase flood insurance prior to June 5 may be able to grandfather the current flood zone, saving money on flood insurance, FEMA said in the release.
For more information on estimated rates for flood insurance, whether you are eligible for grandfathering, and the Preferred Risk Policy extension, or to locate an agent in your area, visit www.floodsmart.gov.
The new flood maps are also available for review in the Planning and Zoning Office in the basement of the Navarro County Courthouse, and in the City Engineer's office at the Corsicana Government Center.
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