Lagniappe Living in Lake Charles, Louisiana: February 2011

Lake Charles Flood Insurance and New Flood Map Revisions

 

Kelly Lee Insurance in Lake Charles

Flood zones are always of concern to Lake Charles home buyers. When assisting buyers in finding a  home in Southwest Louisiana  the first question the buyer usually has is whether the property is in a flood zone or not.

There have been revisions made to the flood maps for Calcasieu Parish.  New flood maps  went into effect February 18,2011.     Calcasieu Parish Flood  Zones have changed.   Homeowners who previously  were  in a flood zone may  no longer be in a flood zone.  If a homeowner is no longer in a flood zone, the homeowner may contact their lender and notify the lender their property has been re-classified.   The lender will then run a new base elevation to document the flood zone and the homeowner may receive a refund for their flood insurance.  The National Flood Insurance , NFIP does not allow you to cancel your insurance mid stream.  As long as there is a lien on your property with a lender, you must continue to keep your flood insurance in place.

If your property has been re-classified to now be in a flood zone you may or may not be required by your lender to obtain flood insurance.  Although you may not be required to obtain flood insurance, for your current residence , when you sell your property the new buyer will be required to purchase flood insurance.   Obtaining a flood elevation certificate will also reduce the cost of your flood insurance. An elevation certificate usually costs about $250.

I  had the opportunity to discuss flood insurance  with Kelly Lee, owner of Kelly Lee Insurance located at 217 W. Prien Lake Road in Lake Charles.  Kelly Lee gives some insight into why someone can't just up and cancel their flood insurance and what the guidelines are for the new flood zone revisions.

 

 

Originally Posted at: Lake Charles, LA Real Estate By Marilyn Boudreaux

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For more information on Lake Charles Real Estate, visit my website.  You can search homes for sale in Lake Charles, Louisiana,  and view up to date information on Lake Charles Subdivisions, Neighborhoods

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Century 21 Mike D. Bono & Co.'s

4410 Nelson Road, Lake Charles, LA, 70605 USA

337-478-1578 or 337-499-9592

CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC. An Equal Opportunity Company. Equal housing Opportunity. Each office is independently owned and operated.  The information contained in this blog is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the author of this blog, and its comments are not warranted or implied representation of it's accuracy,  All information is copywritten and the property of the Author, Marilyn Boudreaux.  

 

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Comment balloon 5 commentsMarilyn Boudreaux • February 21 2011 11:52PM
Lake Charles Flood Insurance and New Flood Map Revisions
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