Lake Berkley Topics: FEMA Flood Insurance....

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	Name:	Osms -
	Subject:	FEMA Flood Insurance....
	Date:	9/11/2013 3:25:57 PM

That NBC video had several misstatements and falsehoods as we have become accustomed to see from the media. FEMA does not require flood insurance, FannyMae and FreddieMac and the general mortgage industry require flood insurance. Maps are definitely out dated, primarily because of huge contour interval lines (20 feet on Lake Martin) that lead one to believe a house is in the flood zone when it is not. All lots on our lake start at 490', which is in the flood zone (491' is FEMA 100 yr flood zone). That's why mortgage companies require proof your house is above 491'. This mess has opened up a whole new industry with mortgage companies using commercial flood insurance to rip off mortgagees, instead of using FEMA insurance.

Other messages in this thread:

View Entire Thread

FEMA Flood Insurance.... - BigFoot - 9/11/2013 9:52:30 AM

FEMA Flood Insurance.... - Osms - 9/11/2013 3:25:57 PM

FEMA Flood Insurance.... - Lifer - 9/11/2013 4:39:03 PM

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