Southern California residents were recently hit with new expectations to purchase flood insurance due to FEMA’s new floodplain map, and it appears that now some Michigan residents will be on the hook as well. While some of the resident in California were able to fight FEMA’s requirements and excuse themselves from this new expectation, it looks like residents in Michigan’s Fenton Township area are just beginning their fight.

Advice from Townships and City Halls

Many residents who have received notice of their requirement to purchase flood insurance have turned to their townships and city halls for advice on what to do. According to published reports, the townships and city halls are, in turn, providing copies of the new floodplain map from the Federal Emergency Management Agency (FEMA) and telling the homeowners to consult with a surveyor or floodplain expert.

If the surveyor or floodplain expert determines that the home surveyed is not a threat, it could be removed from the floodplain map. However, if the home isn’t surveyed, FEMA will expect the homeowners to purchase their flood insurance policy within 45 days of receiving the notice.

Some May Still Have to Pay

Unfortunately, reports show that despite the fact that some homeowners are able to produceproof that they are no longer in the floodplain and don’t require insurance, they may stillhave to pay. This is if the lender they work with determines that as a condition of their loan they are stillcovered by this type of policy.

However, some residents have already been lifted out of the floodplain zone, relieving themselves of nearly $4,000 a year in coverage.Residents andsurveyors strongly recommend that anyone affected by this new requirement get a surveyor to the home as soon as possible to avoid an unnecessary expense.

Similar Posts:

  • Share/Bookmark