June 22, 2010 at 5:07 AM
The federal Emergency Management Association has published it's new flood mapping for 2010. Without question this redraw of the flood maps is an evolutionary process built on what is clearly flood prone areas, and the surprises that are the result of the extreme weather that we are experiencing. For owners, it more than likely means that more new homeowners with a mortgage will be required to include Flood insurance in their coverage. Checking a location ahead of a new purchase is a simple effort that can be done by your agent, to avoid a surprise after you have gone to contract and inherit this requirement.