Some Metro-East residents may be required to buy flood insurance - KMOV.com

Some Metro-East residents may be required to buy flood insurance

(KMOV) -- If you live in the Metro-East the government may require you to buy flood insurance next year.
 
The average policy costs $1,000.
 
FEMA is redrawing flood insurance rate maps because many levees are considered to be too weak.
 
Those living in a hazard area who have federally backed mortgages will have to buy flood insurance.
       
FEMA will be hosting several meetings on Tuesday and Wednesday to explain the changes.
      
There are also meetings for insurance agents, city leaders and developers.
 
The meeting times and locations are listed below:
 
FEMA National Flood Insurance Program (NFIP)
Southwestern Illinois Information Sessions
December 15th and 16th 2009
Tuesday, December 15th, 2:30pm-4:00pm
East County Enterprises, 2041 Goose Lake Rd. Sauget, IL
FEMA/NFIP officials will review flood insurance requirements and implications for businesses and developers working in the proposed AR/AE zones.
RSVP: 618-692-9745
Elected Officials and Municipal/County NFIP Representatives
Tuesday, December 15th, 6:00pm-8:00pm
Metro-East Park and Recreation District Office, 104 United Dr. Collinsville, IL
FEMA/NFIP officials will review flood insurance information for city and county elected
officials with special emphasis on insurance issues for communities that have never before been required to purchase. Elected officials are encouraged to bring their community's designated NFIP representatives to this meeting.
RSVP: 618-274-2750 ext.279
Lenders and Insurance Agents
Wednesday, December 16th, 9:00am-11:00am
Double Tree Hotel Collinsville, 1000 Eastport Plaza Dr. Collinsville, IL
FEMA/NFIP officials will review flood insurance requirements for loans from federally-backed lenders and information on the insurance options and rates under the NFIP for those living and doing business in the levee restoration zone. This session is designed for all lenders and agents with accounts in the affected communities. A plenary session will be followed by a breakout discussion for each sector.
RSVP: 618-692-9745
Affected Communities
Wednesday, December 16th, 1:00-3:00pm
Columbia City Hall, 208 S. Rapp Ave. Columbia, IL
FEMA/NFIP officials will provide a general overview for elected officials, NFIP representatives, private sector, community organizations and individuals in the 28 affected jurisdictions in the American Bottoms and the jurisdictions with SFHA designations on insurance requirements, scheduled to go into effect.
RSVP: 618-274-2750 ext.279

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