.Flood insurance maps are always changing as land development continues, erosion becomes more of an issue, and constant rising water sources. One area that is getting new flood insurance maps is Columbia County in Augusta Georgia.
Lets talk about a few things. Who is going to be impacted? What are the impacts going to be? Can you fight these changes.
Who is impacted
Residents in areas like Martinez, Grovetown, and Evans Georgia could see big flood insurance changes. Lets talk about exactly what these changes will be.
Flood insurance changes Columbia county Georgia
Columbia county Georgia had some big flood insurance changes in June of 2019. These changes were not all good and they were not all bad. The good changes were properties that were moved from a high risk zone to a low risk zone. FEMA feels these are properties that have had a decrease in annual exceedance probability. This means the chances of a flood event in a given year have decreased. If your property is on this list and you have a mortgage then you should be receiving a letter that your mortgage company is no longer going to require flood insurance. Before going and cancelling the flood insurance you want to be cautious. Your new flood zone which is probably a flood zone x poses some serious dangers.
While flood zone x does not require flood insurance 30% of flooding does occur in this zone many times as a result of flooding. This type of flood zone also offers some of the cheapest flood insurance rates in Augusta Georgia.
Now lets talk about the bad news with the new flood insurance maps in Augusta Georgia. When these new maps were put into place it moved a lot of properties from a low risk flood zone to a high risk flood zone. There are two high risk flood zones that the property may have been moved to, either a flood zone A or a flood zone AE. Both of these flood zones will require flood insurance if you have a mortgage. Now if you have received a letter from your mortgage company stating you need flood insurance be cautious in who you work with on the flood insurance. These newly changed areas will qualify for the newly mapped areas which generally have rates around $530 a year. You want to work with someone like the Flood Insurance Guru who has an educational background in flood mitigation.
Fighting the change
So can you fight these flood map changes? Absolutely there are a few things you want to know first of all if you were moved to a flood zone A you want to make sure there is a base flood elevation because many times flood zone A does not have one. You will need this in order to see if you qualify for a flood zone removal. When it comes to flood zone AE this will always have a base flood elevation so many times it can be easier to get a flood zone changed. These changes are referred to as letter of map amendments and can have a big impact on property values.
So we have talked about who is impacted in Augusta Georgia, what these impacts will be, and how to fight these changes? Maybe you have further questions then please visit our website Flood Insurance Guru, check out our daily flood education videos on our YouTube channel or our Facebook page. You can also click the link below to learn what your options are in Augusta Georgia.