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Wednesday, June 11, 2008

Channel3000: Lake Delton home losses not covered under Flood Insurance---City opted out

Readers of The Evansville Observer may have wondered why there has been much discussion of "amended maps" after the recent flooding in Evansville----the story of what happens to cities that do not pay attention and pass the necessary ordinances to allow citizens to purchase flood insurance for their homes is the tragic story of Lake Delton homeowners---click on the post for the coverage on Channel 3000.

As I understand it, the new flood plain maps for Evansville become effective in August 2008, and properties located in the flood plain will have it noted on their title transfer---in other words, because this is the first time there is an official MAP, rather than just a unnoffical MAP, the prospective purchaser of property will be notified legally of the condition prior to any sale of property. The city of Evansville has amended its ordinances properly and citizens are elegible to purchase flood insurance to protect themselves---and state and federal authorites are encouraging them in ads to do so.

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