A topic of big discussion in the Henderson area is the forthcoming release of the new FEMA flood zone maps. According to The Gleaner, approximately 700 parcels of land are affected by the new flood zone maps, but only 230 of those parcels have structures on them. One of the biggest areas of concern is the Fox Hollow Run subdivision. Residents in this area may be able to qualify for a Letter Of Map Amendment (LOMA) to have their property removed from the flood zone map.
Homeowners in the affected areas are affected in 2 ways: they may be required by their mortgage provider to obtain flood insurance AND property value will decrease. Even though your home has never flooded, the maps dictate insurance requirements and the information is given to potential home buyers.
If you are one of the 230 landowners that recently received a letter from the Henderson City or County officials, you can get flood insurance NOW. By getting your flood insurance BEFORE the new maps are released, you may get a discount on your rate. Contact your local insurance agent for more information.
There will be a public meeting to address citizen concerns and questions on Thursday, February 12 at 5:30 p.m. at the former Peabody Building. The meeting will be held in the conference room which can be access through the east entrance. For more information, click here.
Comments(2)