DO YOU OWN PROPERTY IN NATOMAS? On December 8, 2008 (less than 6 weeks from today), the new Natomas Basin FEMA flood maps take affect, and thousands of Natomas area residents will be required by their mortgage companies to purchase flood insurance. If owners purchase now, they will be eligible for a reduced "preferred risk" rate. This reduced rate then will be "grandfathered" in, and allowed to be carried over. If owners wait until they are forced to obtain insurance by their mortgage companies, they will get the "standard risk" rate, which is more than double the annual premium rates.
If you are wondering if your parcel falls into a flood zone, you can reference the Preliminary Natomas Floodplain Maps from FEMA. Contact your insurance agent with specific questions...
Flood Zoning Changes in Natomas
2 comments • Erin Attardi, Realtor - Sacramento, CA 916-342-1372 • October 30 2008 12:16AMComments
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Post © 2009 Erin Attardi, Realtor - Sacramento, CA 916-342-1372 (Lyon Real Estate ). Design © 2009 ActiveRain Corp.
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Great Post Erin! Let's hope that Natomas homeowners who don't have insurance read it, because you have just saved them a boatload!
Erin, thanks for reminding. I have been receiving numerous contacts daily inquiring about the changes and even with all the outreach the City and SAFCA have been doing, it just hasn't soaked in. Purchasing a flood policy before December 8th will save homeowners hundreds of dollars for the first year!