Lagniappe Living in Lake Charles, Louisiana: Lake Charles Flood Insurance and New Flood Map Revisions

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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Comment balloon 5 commentsMarilyn Boudreaux • February 21 2011 11:52PM

Comments

Great information, Marilyn.  Scottsdale is working hard to redirect the wash areas and create less flood zones for the homeowners.  They are hoping to get the map redrawn in the next few years.  This will be good to keep in mind.  Thank you for sharing. 

Posted by Juli Vosmik, Scottsdale/Cave Creek, AZ real estate 480-710-0739 (Dominion Fine Properties) over 8 years ago

Marilyn, as usual you and your contacts are a wealth of information. Your clients are lucky to have you.

Posted by Billi Evans (Murney Associates) over 8 years ago

FEMA has decided to "decertify" our levee alone the Red River. Thus, the whole town of Alexandria and most of Pineville will now be in a flood zone. Sounds like a nice way for Uncle Sam to replenish his coffers!

Posted by Doug Rogers, Your Alexandria Louisiana Agent (Bayou Properties) over 8 years ago

Marilyn, I am sure that in your area flood information is a really big part of the deal. Here in Pa not so much. I love how La uses the term Parish for a geographincal area in a municipality.

Posted by Gerry Michaels, GettysburgGerry Social Meida (Glasswork Media Arts) over 8 years ago

Gerry, good catch true we do not use the reference county... we are the only state that uses Parish, and also the only state that still has Napoleon code in place LOL  We don't have county

Doug, I run into flood zones alot most of our area was at one time rice fields!

Posted by Marilyn Boudreaux, Lake Charles LA Century 21 Realtor (Marilyn Boudreaux, Century 21 Mike D. Bono & Co.'s) over 8 years ago

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