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How will the FEMA Flood Map updates affect my property?

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How will the FEMA Flood Map updates affect my property?

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The updates to the Flood Insurance Rate Maps (FIRMs) show the areas that would be inundated by a 100 year flood, which has a one percent chance of occurring in any given year. These new ditigal maps more accurately map potential flood hazards, and will be used by federally-regulated lending institutions and insurance agents in determining who must purchase flood insurance and the cost of that insurance, should it be necessary. In addition, the maps will be used by City, County, and State officials for floodplain management and permitting purposes.

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