IMPORTANT NEWS ON FLOOD INSURANCE

Dated: 03/11/2014

Views: 933

Do you own a house in a flood zone?  Read the latest update from our local association of realtors.  A preliminary map shows less homes will be designated in the VE/AE flood zones.  Could be good news for you.   

IMPORTANT NEWS - Preliminary Floodplain Mapping Information

The Coastal Resources Commission met last week in Nags Head and a portion of the agenda was dedicated to flood, wind and homeowners insurance as well as NC flood maps. Kenneth Ashe, Assistant Program Director with the North Carolina Floodplain Mapping Office, presented preliminary floodplain mapping data for the Outer Banks and other coastal communities. The information presented comes as great news for Dare, Currituck and Hyde Counties! First, Mr. Ashe informed Commission members that flood maps are due to be released, per FEMA approval, per County as follows: •Brunswick, New Hanover, Pender – July 2014 •Camden, Chowan, Currituck, Pasquotank, Perquimans – September 2014 •Carteret, Craven, Onslow, Pamlico – November 2014 •Beaufort, Dare, Hyde, Tyrrell – End of Year 2014 •Bertie, Washington – March 2014 Click Here to view thie entire message and a chart that highlights the present number of structures in the VE zone and AE zone by county compared to the number of structures in those zones based on new, preliminary map data.
The comparison shows a tremendous drop in VE and AE zone Outer Banks properties as follows:
County Buildings In County Buildings in VE Now Buildings in VE NEW Buildings in AE Now Buildings in AE NEW
    
The preliminary data shows an 82% drop in VE zone structures and a 65% drop in AE zone structures! Only structures within those zones are required to have flood insurance when they are covered by a mortgage. If not within the VE or AE zone, property owners can buy flood insurance at greatly reduced, preferred risk rates.
OBAR/OBHBA Government Affairs Liaison Willo Kelly participated in the CRC meeting. She shared the above information as well as an update on homeowners and flood insurance at a meeting last night sponsored by the Dare County League of Women Voters. The Outer Banks Voice will be providing video highlights of that meeting soon at www.outerbanksvoice.

COMING TO THE OUTER BANKS FOR A VISIT THIS SPRING/SUMMER?  IT'S A GREAT TIME TO PREVIEW PROPERTIES AND SEE WHAT YOU CAN GET FOR YOUR MONEY.  LOW PRICES & INTEREST RATES= A HAPPY BUYER!   CALL ME AT 252-202-8147 AT ANYTIME TO SET UP A SHOWINGS OR ASK TO BE PUT ON MY LIST OF FAVORITE BUYS! 
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Kathleen Argiroff

Kathleen relocated to the Outer Banks of North Carolina with her husband and three children in 1989 from the Philadelphia and Stone Harbor, NJ areas. One of her greatest pleasures is introducing peopl....

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