Flood risk can, and does, change over time, and flood risks change for many reasons such as new development, changes in levee classification, or environmental changes (to name a few). As a result the Federal Emergency Management Agency (FEMA) has updated flood hazard maps across the country. These new flood maps, also, known as Digital Flood Insurance Rate Maps (DFIRMs), show flood risk at a property-by-property level. The most recent flood maps for the Town of Narragansett have an effective date of October 16, 2013.
When new maps are issued, your risk may have changed as well, along with your flood insurance requirements. If your property is mapped out of a high-risk area, your flood insurance costs will likely decrease. If you’ve been mapped into a high-risk area, you will be required to purchase flood insurance if your mortgage is through a federally regulated or insured lender. In any case, since standard homeowners insurance doesn’t cover flooding, it’s important to have protection from the floods associated with hurricanes, tropical storms, heavy rains, and other conditions that impact the U.S, regardless of whether you are in a flood zone or not.
Please visit the Rhode Island Emergency Management Agency (RIEMA)
for additional important information.