Washington County flood insurance questions will be
addressed at five public meetings in Waterbury, Barre City, Northfield,
Marshfield, and Montpelier. The meetings will focus on newly revised
flood hazard maps and the insurance options available for structures that may
be affected by the updated designations. Structures that have been
identified for the first time as being at a high risk of damage by flooding may
benefit by getting flood insurance now before the official map changes go into
effect.
The Washington County Digital Flood Insurance Rate Map
(DFIRM) will take effect on March 19, 2013. In some places the boundaries
of the flood hazard area have changed. Where the flood hazard area is
more extensive, flood insurance is available for residential structures as a
low cost “Preferred Risk Policy” (PRP). After the map change the PRP can
be renewed twice before the insurance increases step-wise to the full cost.
The Washington County DFIRM data can be viewed online at the
VT ANR Natural Resource Atlas: tinyurl.com/vt-atlas If
your home is in the flood hazard area (Zone A or AE) for the first time then
you may want to consider taking advantage of the Preferred Risk Policy (PRP)
option before the March 19 2013 deadline. More information is available at other posts on this blog: vtfpm.blogspot.com
Meetings to discuss insurance options are now scheduled for:
Tuesday January 8, 7 pm at Thatcher Brook Primary School,
Waterbury
Thursday January 17, 7 pm Alumni Hall, Barre City
Tuesday January 22, 7 pm, Brown Public Library, Northfield
Thursday January 31, 7 pm, Old Schoolhouse Common,
Marshfield
Tuesday February 5, 6 pm Memorial Room, City Hall,
Montpelier
In Vermont in a high risk flood hazard area an average flood
insurance policy currently costs around $1,400 per year for $170,000 in
coverage. Under the new DFIRM it is estimated that around 200 structures
will be identified for the first time as being in the high risk zone.
Approximately 500 structures will no longer fall into a high risk area.
Flood insurance is available to any structure in a community that participates
in the National Flood Insurance Program. For more information on flood
insurance contact the agent that manages your homeowner’s insurance or visit www.floodsmart.gov
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