Being right next to the ocean, Harrisburg, PA is prone to be drenched once in a while. And, depending on where one’s home is situated in town, that can be mean flooding of a property. A key factor to keep in mind for any neighborhood that has exposure to the water line or nearby creeks and rivers is the Federal Emergency Management Agency or FEMA. This federal entity is a key player in creating flood maps for communities and regions by which flood insurance and rates are then calculated for residential and commercial properties.
In recent years FEMA has been reevaluating its flood maps and changing risk ratings. That, in turn, can cause big changes to how coverage is assessed or create restrictions on any new value building in the area. For existing homeowners in Harrisburg, PA this might not seem like a problem. However, if a FEMA map reevaluation is put into play, it could limit the ability to rebuild a home if for example it was damaged by a house fire. According to cases the staff at Henderson Insurance Agency have seen nationally, the FEMA building restriction is not just on new buildings and properties; it can affect the rebuilding of existing ones as well over a certain dollar value. And that can be quite a surprise and shock after a home damage problem occurs and one is assuming it will be rebuilt to status quo with home insurance.
To find out if your home is affected by FEMA map reevaluation activity or sits in a flood zone per FEMA mapping, talk with the folks at Henderson Insurance Agency. Their expert staff can walk through the intricacies of how the mapping process works and how it translates to coverage. Give them a call to find out more.