New FEMA maps increase lake properties that need flood insurance
About 100 local residents, however, won't have to buy flood insurance anymore.
Either way, the
Record-high water levels in
The new maps are online, and they were also sent to city and town governments of communities that border on the lakes or the
Martin said the easiest way to access the maps is to type "
The maps are subject to challenge by individual residents and local governments, and they are probably about 15 months away from being finalized, Martin said.
Another way to find out about their contents is to attend one of three open houses with
The first meeting is set from
A
The final meeting is set from
The owner of any building located in a "100-year flood plain" who has a federally backed mortgage is required to buy flood insurance.
Martin said the average premium is under
"If they're supposed to buy flood insurance and they don't, their banks will do it for them. That's not usually the best scenario," Martin said.
Banks often buy the most expensive policy with the lowest deductible, he said. The cost is taken out of a homeowners' escrow accounts or added to their mortgage payments.
The federal government offers a temporary policy -- for newly included homeowners only -- that costs about
In
In
Communities affected by the new maps in
In
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