MONDAY, JULY 6, 2020
We are often asked if flood insurance is necessary in “one hundred year” flood zones. These are low likelihood of flood zones – B,C,X. Make no mistake, this does not mean that there is chance of flooding once in one hundred years for any home in these zones. It’s important to understand what makes a property vulnerable to inundation. FEMA maps do not take into account the risks of intense rainfall, or microbursts. New data from the non-profit First Street Foundation indicates that there are actually 14.6 million homes at risk instead of the 8.6 million identified by FEMA. Best of all this data is free and easy to access at https://floodfactor.com/. Read more from the New York Times here.
Posted 2:00 AM
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NOTICE: This and all content is developed from sources believed to be providing accurate information.
The information in this material is not intended to be used as tax or legal advice. Please consult with a tax and/or legal professional
for detailed information regarding your individual situation. Some of this material was developed and shared by Chartwell Insurance Services to provide information
that may be of interest. Chartwell Insurance Services is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm.
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