Flood Insurance price increase (Punta Gorda, Hampton: new house, buying, income)

[JERSEY MAN]

Originally Posted by MartyGras

I spoke with my insurance agent today and she said I should not expect to see an increase.
My house was built in 1990 is on the canal and at 9 feet

Gary

Our new flood maps came out in the northeast. Many areas were not even in flood zones before. The new maps have many homes at V zones and AE 8/9 zones. So if you're in a A9 zone now you would be equal to the BFE. They want you 2 feet above. Homes that were worth 500K now are worth 200K(land only). It is not an easy equation. Just giving you the heads up. There is a grass roots organization call "Stop Fema Now" on FB. All the updates are on there.

[MartyGras]

I'll look it up. Thanks

[yellowsky]

Does anyone have a link to the new FEMA flood zone map for our area?

[MikMal]

Originally Posted by yellowsky

Does anyone have a link to the new FEMA flood zone map for our area?

Not sure if this link will work or not. I could not get it to work properly, think it may be because I use Firefox instead of I.E.

[yellowsky]

Thanks, MikMal. It did work for me even though I also use Firefox.

[yellowsky]

While searching for the 2013 updated flood zones maps from FEMA I found this website.
http://hazards.fema.gov/femaportal/prelimdownload/
Evidently only these counties; Citrus, Dixie, Glades, Henry, Martin, Okeechobee, Palm Beach, Pasco are currently available.

[JERSEY MAN]

Originally Posted by MikMal

Not sure if this link will work or not. I could not get it to work properly, think it may be because I use Firefox instead of I.E.

Thanks MikMal. When I entered my home address in New Jersey I was directed to the flood map that was in effect and dated 2006 and my house was not in the flood zone then. I don't think this fema site has been updated with the new flood zone maps yet.

[achildofthesky]

The possibility (ok, PROBABILITY) of flood insurance increases of indefinite upper cost limits in the Charlotte and other SW Florida areas is pretty scary stuff for anyone planning on building. One cannot accurately plan ahead for contingencies in a working budget.

There will be an awful lot of folks with homes that will be very hard to sell or basically worth the land price only due to mortgages needing the insurance and the insurance potentially being more than a mortgage... A circular argument with out a winning answer. For cash buyers planning on living in a place for the rest of their lives, it might not be a big deal, but to any requiring mortgage service, dang!

Scary stuff indeed.

Be safe
Patty

[chuckycheese]

Originally Posted by JERSEY MAN

These new flood maps and elevations effect the whole country. I would be very concerned. Towns in NJ are forcing people to lift there homes due to the new maps. People are walking away from there homes. It is a total mess. This will happen to all coastal, lake, river communities throughout the USA. Some people are going from 1K to being quoted of 20-30K for flood insurance. IT IS ALL OVER.

Before anyone gets too distraught over this, you might want to give these numbers a little critical thought.

[JERSEY MAN]

You can enter an address and find out your BFE.

1. 1. National Flood Insurance Program: Flood Hazard Mapping | FEMA.gov
   1. FEMA.gov | Federal Emergency Management Agency › Plan, Prepare & Mitigate › Protecting Homes‎
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