Thinking about all the floods that are going on up in Wisconsin, Iowa and other states we here in Texas have to think about flooding in our area as well.

Starting September 26th, 2008 Floodplain maps become effective.  That means that if you are now considered in a floodplain you will have to let you mortgage company know and this means you may have to pay flood insurance.

There are also going to be an equal number of homes leaving the floodplain so you may want to check to see if you can drop your flood insurance.

If you find yourself in a new flood plain you can purchase insurance 45 days before the effective date and save money on your insurance coverage.  The date to do this by is August 11th, 2008.

To see if you are in or going out of a floodplain check out the city of Austin's website at www.cityofaustin.org/watershed.

Jeff.

 

Remember if you are buying a new home anywhere in Texas you can get up to 5% cash back on that new home.  See http://www.rebateontexashomes.com for more details.

 
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2 Comments on Floodplain Maps in Austin take effect September '08

Good infor for locals.  We had a similar thing happen here for insurance, but it was more related to hurricanes than just floods.

06/21/2008 10:35 AM by Heath Coker, Broker Owner (Cape Group Real Estate & REindex.com)

I bet.  I have a good friend that lives in Centerville.  Gotta love the Four Seas Ice Cream.

J.

06/21/2008 10:45 AM by Jeff Kessler ABR,GRI, Texas 512.801.5666 (Austin Homes Realtors)

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Real Estate Agent: Jeff Kessler ABR,GRI, Texas 512.801.5666 (Austin Homes Realtors)
Jeff Kessler ABR,GRI, Texas 512.801.5666
Austin, TX
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