Important Information For Louisianians Living In Special Flood Hazard Areas

BATON ROUGE, La. — The Federal Emergency Management Agency (FEMA) is urging owners of homes and other buildings to get appropriate building permits before they begin any construction work on properties damaged by Hurricane Isaac.

This is especially important for structures located in Special Flood Hazard Areas, also known as regulatory floodplains.

Communities that participate in FEMA’s National Flood Insurance Program (NFIP) enforce a requirement called the “substantial damage rule.” Properties subject to the rule are those in a regulatory floodplain for which repairs will cost at least 50 percent of the structure’s pre-disaster market value.

For example, if a structure’s market value before the damage was $200,000 and repairs are estimated to cost $120,000, that structure is “substantially damaged.” Land value, which is determined by local officials, is excluded from the determination.

Buildings in regulatory floodplains that are substantially damaged must comply with local floodplain management regulations. Owners who decide to rebuild may need to elevate or retrofit their structures or change them in some other way to comply and to avoid future flood losses. Owners of nonresidential structures have the additional option of making the buildings floodproof.

Owners can obtain specific information about building permits from local officials who enforce the “substantial damage” rule and other requirements.

Floodplain management regulations are designed to mitigate future losses of life and property. FEMA, the state and local communities are working together throughout the areas impacted by Hurricane Isaac to help Louisianians rebuild and recover with safety and security.

Individuals, families and business owners who sustained uninsured and underinsured damages in those parishes can register for assistance at www.disasterassistance.gov, via web-enabled phone at m.fema.gov or by calling 1-800-621-3362 or TTY 1-800-462-7585. Those who use 711 Relay or Video Relay Services may call 1-800-621-3362. The toll-free telephone numbers operate daily from 7 a.m. to 10 p.m.

For more information on Louisiana disaster recovery, click www.fema.gov/disaster/4080 or www.gohsep.la.gov. You can follow FEMA on Twitter at www.twitter.com/femaregion6 or on Facebook at www.facebook.com/FEMA. Also visit our blog at www.fema.gov/blog.

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Important Information For Louisianians Living In Special Flood Hazard Areas

FEMA Extends Preferred Risk Policies for Homeowners

WASHINGTON, D.C. — Today, FEMA announced the extension of the Preferred Risk Policy eligibility under the National Flood Insurance Program (NFIP) until further notice, as the Agency completes a study and analysis of the Biggert-Waters Flood Insurance Reform Act of 2012, signed into law by President Obama on July 6, 2012.
 
FEMA announced today that until an implementation plan for the new flood insurance law is put into place, customers holding existing preferred risk policies can continue to renew at the lower cost rate, beyond the previously designated two-year period.
 
“By extending the eligibility period until further notice, home and building owners’ preferred risk policies will continue at a lower cost rate,” said FEMA Federal Insurance and Mitigation Associate Administrator, David Miller. “As we continue to evaluate how best to implement the recent National Flood Insurance Program legislation, we encourage property owners to take advantage of this extended low rate. This way, families and businesses can continue to protect their property financially from one of the most common and costly natural disasters: flooding.”

Beginning with the first renewal effective on or after January 1, 2013, existing preferred risk policies will not be transitioned into full-risk rating. Instead, they will continue to be issued as preferred risk policies at each renewal, until further notice. Additionally, the preferred risk policy discounted rate will be available to property owners and renters whose buildings are found to be in Special Flood Hazard Area following map revisions that became effective on or after October 1, 2008. In order to be eligible for the preferred risk policy, the building must also meet certain loss-history requirements.  If there are two claims, or disaster relief payments for flood of $1,000 or more, or three losses of any amount, the structure is ineligible for a preferred risk policy.
 
Premiums for all preferred risk policyholders are being increased an average of 13 percent to maintain a revenue neutral program that also accounts for the expected increase in participation and policies issued under the preferred risk rate. This increased rate remains below the average full-risk premium that would otherwise be incurred among these policy holders. 
 
For more information on FEMA’s National Flood Insurance Program, and to identify your flood risk, visit www.floodsmart.gov.
 
FEMA’s mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards.

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FEMA Extends Preferred Risk Policies for Homeowners

DFW Can Rebuild Safer, Stronger To Reduce Future Tornado Damage

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DFW Can Rebuild Safer, Stronger To Reduce Future Tornado Damage

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