"While the immediate problems caused by the flooding here are over,
In what officials called the worst flooding in a decade, more than 100 residents of the
"More than a year ago, as part of
Homeowners in high-risk flood zones known as Special Flood Hazard Areas (SFHAs) with mortgages backed by the federal government must buy flood insurance, which until a few years ago was available almost exclusively through the federal government's National Flood Insurance Program (NFIP). However, due to changes in that program, including the phasing out of subsidies for high-risk properties, private insurers are now in the residential flood insurance market. Commissioner Miller said her department has found in many cases, homeowners can get comparable coverage in the private market at substantial savings to that offered through the NFIP.
"Many of the homes damaged by flooding in
Commissioner Miller added, for homes outside of SFHAs, coverage may be less expensive through both the NFIP and private coverage. She reminded residents that standard homeowners' insurance does not cover flood damage.
Bekanich said there are three FEMA Hazard Mitigation Assistance grants that have been successfully utilized by other municipalities within the commonwealth for hazard mitigation activities to help communities becoming more flood resilient. PEMA has mitigated over 2,000 structures through eligible acquisition, elevation, and flood retrofitting activities.
Homeowners can challenge whether their property should be included in a special flood hazard area. The homeowner may be required to hire a licensed land surveyor, professional engineer or geologist or surveyor to determine whether what is called the lowest adjacent elevation is within the special flood hazard area. The lowest adjacent elevation is the lowest point of the ground immediately next to the dwelling or insured structure.
"We have information on how homeowners can challenge their inclusion in a special flood hazard area, but the cost to do this can be significant. We want homeowners to have as much information as possible when they consider whether to challenge a flood map," said
Information on flood insurance is available at www.insurance.pa.gov, by clicking on the "Flood" icon on the right side of the page under "Insurance Coverage Resources."
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pa-wolf-administration-provides-information-on-flood-insurance-potential-grant-funding-to-residents-in-areas-of-centre-county-hit-by-flooding-in-late-2016-300426358.html