On Oct. 27, the City of Crystal River mailed certified letters to owners of properties deemed to have been substantially damaged by Hurricane Idalia. Owners of properties that were flooded but not substantially damaged have also been mailed letters informing of that fact. This is according to a news release issued Oct. 31.
Instructions on steps that may need to be taken in either situation is included. The request is made to allow seven days to receive the determination letter. Questions regarding determinations can be made to Growth Management at 352-220-0809.
Why this matters
As part of the National Flood Insurance Program, Crystal River hired AtkinsRealis to perform substantial damage estimates on all city buildings. This is a requirement on the part of the city to have this assessment conducted in order to be in compliance with the program. Doing so provides for lower flood insurance premiums for property owners within city limits.
According to the news release," … A building is considered substantially damaged when the cost to repair the damage is equal to or greater than 50 percent of the building's value." The news release went on to state that such a property must be brought into compliance with the current city building code and city floodplain ordinance. In the case of the latter, the " … floodplain ordinance requires that the building be elevated so that the bottom floor is above the base flood elevation for the area."
The National Association of Affordable Housing Lenders (NAAHL) – Conference
CMS makes hospital prices more transparent, expands access to behavioral health care
Advisor News
- Americans unprepared for increased longevity
- More investors will seek comprehensive financial planning
- Midlife planning for women: why it matters and how advisors should adapt
- Tax anxiety is real, although few have a plan to address it
- Trump targets ‘retirement gap’ with new executive order
More Advisor NewsAnnuity News
- AIG to sell remaining shares in Corebridge Financial
- Corebridge Financial, Equitable Holdings post Q1 earnings as merger looms
- AM Best Assigns Credit Ratings to Calix Re Limited
- Transamerica introduces new RILA with optional income features
- Transamerica introduces RILA with optional income features
More Annuity NewsHealth/Employee Benefits News
- Senators delay bill on making health insurance affordable
- Study Results from University of Florida Broaden Understanding of Learning Disabilities (Linking Response To Intervention and Identification of a Specific Learning Disability): Speech Language and Learning Diseases and Conditions – Learning Disabilities
- Nomi Health, Inc. Trademark Application for “NOMI PAY” Filed: Nomi Health Inc.
- Reports from University of Pittsburgh School of Medicine Add New Data to Findings in Managed Care (Using Serious Games to Increase the Implementation of Trauma Triage Guidelines: A Randomized Clinical Trial): Managed Care
- agilon health Reports First Quarter 2026 Results
More Health/Employee Benefits NewsLife Insurance News
- Brighthouse Financial Announces First Quarter 2026 Results
- Life insurance premium jumps 10% in 1Q
- Genworth Financial Announces First Quarter 2026 Results
- Transamerica agrees to $57M settlement in cost-of-insurance lawsuit
- The next step for AI in insurance — partnerships to scale
More Life Insurance News