Since lots of areas around louisville flood including old louisville (have not seen in the house) will this effect those living in the city. If so it could really lower a lot of property values.
James Priest Sr. Fire Strategist/Researcher > On Feb 15, 2014, at 9:02 PM, Mark and Katy Heaton <[email protected]> wrote: > > Thanks as well, good and scarey intell. > > Mark Heaton > > >> On Sat, Feb 15, 2014 at 4:25 PM, John Robinson <[email protected]> >> wrote: >> Folks, this has NOTHING to do with Apple, but I felt I had to convey this >> news to our list, I consider you much more than bits and byes on a computer >> screen. >> >> I am an insurance agent, for 43 years, and we received a note from FEMA >> this week that is unbelievable so I wanted you to be aware. Hopefully it >> won't affect a one of you, hopefully you will be wiser now if you are >> wanting to vacate your present home and purchase another. >> >> My apologizes for throwing a non Mac email. Below is the note I have sent >> to others. >> >> John >> >> >> >> This will most likely not affect you but oh my this needs to be in the back >> of your mind. >> >> FEMA is losing tons of money, so they are making changes. They are NOW >> determining that folks who NEVER needed flood insurance will now be required >> to carry it. So many homeowners are being surprised that all of a sudden >> they are faced with an additional $700.00 or more with these policies. I >> have an insured that has one small corner of a barn that sits in a flood >> zone, never had water but he is forced to buy the coverage. >> >> Many folks that aren't near a body of water now discover they are being >> forced into coverage. No way out other than paying the cost of an >> Elevation Survey and then it may prove FEMA correct. >> >> That isn't the bad news....... >> >> This week we received an email (since we write the coverage for FEMA) that >> the rates are going to skyrocket, be prepared is what this memo was telling >> us. >> >> They gave some examples, and the changes are mind blowing. They referenced >> an account that currently paid in the neighborhood of $700.00 a year will be >> receiving bills of over $7,000.00 per year! Not only can the owner not >> afford these premiums all of a sudden they have a piece of property that is >> unsaleable. >> >> So, in the future should you be home shopping BE SURE the property in no way >> could be slapped with a flood policy, never buy a place where the surface >> water has come anywhere near the property in the last 100 years....it will >> be worth your while to check. >> >> Wanted you to be aware of this, it's a big one. >> >> >> _______________________________________________ >> MacGroup mailing list >> [email protected] >> http://www.math.louisville.edu/mailman/listinfo/macgroup > > > _______________________________________________ > MacGroup mailing list > [email protected] > http://www.math.louisville.edu/mailman/listinfo/macgroup
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