SUZETTE PEOPLES,ERS,GRI

THE "PEOPLES" REALTOR
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Suzette F Peoples

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(281) 980-3365
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Peoples Properties
3350 Hwy 6 # 407
Sugar Land, TX 77478
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Suzette Peoples, Broker/Owner 23+ years of experience.
Hurricanes & Flood Plains : Suzette Peoples Real Estate Blog

Suzette Peoples Real Estate Blog

Thursday Jun 04, 2009

Hurricanes & Flood Plains

I just got an e-mail from someone who lives in First Colony who was told the flood maps are being revised. He heard this from the Fort Bend Appraisal District (that I did not verified). So I went to the web site of www.fema.gov and then found the web site of www.floodsmart.gov  Both are excellent sources of information. The first site will help you with all kinds of information about hurricane prepareness and what to do in emergency and all sorts of resources.  The floodsmart site is interesting site about flood maps. If you put in your address you can see if your home is in a high risk flood zone. I was  told that if your home is on a creek or levee be prepared you may be required to pay flood insurance in the future. I called an Insurance Sales Rep. and he said flood insurance is about $350 a year if your not required to have flood insurance. But if your property becomes a required area it can go as high as $1300. That is quite a jump. So check out and see if your at risk. Contact your Insurance agent for more information. Check out the web site for more facts too. I am just passing along what I was informed by a concern homeowner..Just wanting my clients to be AWARE! If anyone knows anything about this, please share.. 

Comments:

Flood Info - Most of First Colony and Fort Bend is in a Preferred Zone X, but the zones do vary depending on location. If a person purchases a Flood Policy while it is rated in Zone X - the zone will be grandfathered during the policy period and keep the preferred rate. The Flood Policy is regulated by FEMA and is a little different than other policies. Preferred policies are a package policy and have set limits. The rate for a Preferred Zone $ 250,000 policy Dwelling Coverage with $ 100,000 Contents coverage and $ 500.00 Deductible on each is presently $ 348.00 a year. If the property is not rated in a preferred flood zone the property should have an Elevation Certificate ,that can lower the cost of a Flood Policy. Most people don't realize that about 25% of floods occur in in preferred zones. Please feel free to contact me if you have any questiions regarding Flood Insurance. Jane

Posted by Jane Spellman on June 08, 2009 at 04:27 PM EDT #

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SUZETTE PEOPLES,ERS,GRI

THE "PEOPLES" REALTOR
TOP MULTIMILLION DOLLAR PRODUCER
BROKER



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