SCOTTSDALE, AZ - More than 500 mortgage holders are now eligible to revoke their flood insurance. It is because the change of the flood map that had been effective since July 20 where it shows that the 100-year floodplain is now getting smaller.
The smaller floodplain area leads to the exclusion of the 500 properties from the map, making those mortgage holders free from flood insurance. They may request a flood hazard cancelation online by visiting this page and giving the cancelation information to their mortgage company as well.
Together with the City of Phoenix, the City of Scottsdale and the Flood Control District of Maricopa County is collaborating to request the Federal Emergency Management Agency or FEMA to renew its Flood Insurance Rate Maps around northwest Scottsdale and northeast Phoenix. FEMA’s rate maps include flood hazards, flood risk evaluation, and data for stakeholders to take preventive actions. The new map can be accessed here.
In the new map, Scottsdale has 50 properties that are still inside the renewed floodplain boundary and another 25 buildings are now included in the new boundary of 100-year storm flooding risk. The 25 mortgage holders will need to have their flood insurance match federal law.
Living in a desert area complete with its weather could be unexpected. Therefore. the City of Scottsdale still encourages residents to put flood insurance in their consideration despite that it will not be mandatory for mortgage holders whose buildings are now outside the new flood boundary. Residents may contact Ashley Couch as Scottsdale’s floodplain administrator at acouch@ScottsdaleAZ.gov or by calling 480-312-4317.
This is original content from NewsBreak’s Creator Program. Join today to publish and share your own content.