Last week it was revealed that according to FEMA’s new flood map, a few thousand in Southern California would be required to acquire flood insurance; however, FEMA has now announcedthat some of those residents don’t live in risky areas after all. The news comes as a relief to many residents who would have been on the hook for an additional insurance policy effective immediately.
FEMA’s New Flood Map
According to the new flood map that FEMA drew up recently, thousands in the Southern California area would said to suddenly live in flood-prone area – even those who lived no where near water.
In total, residents in over 150 cities and unincorporated areas would have to purchase flood insurance in addition to their homeowners insurance in case a flood hit the area, which could have added as much as $500 to $1,700 to their policies per year.
This did not sit well with many homeowners, some of whom decided to fight the new flood map designations.
FEMA’s Withdrawal
After FEMA decided to review its new topographic data, it decided to remove 876 parcels in the Parks Mesa Heights neighborhood.