Flood
Zones in Dennis and Yarmouth likely
to expand
The Federal Emergency Management Agency (FEMA) is currently updating
flood maps. On Cape Cod, Dennis will see the most changes. The
preliminary maps have been released and are available on the Town of
Dennis website at http://dennismaplanningdept.wordpress.com/interactive-flood-zone-map/
Some properties now in low-risk zones B, C and X will be reclassified
as high-risk zone A or V. If your property is affected by these changes
and
you have a mortgage, the mortgage company may require you to purchase
flood insurance, especially if you refinance.
Properties currently in zones B, C and X qualify for low-cost
"preferred risk" flood insurance. If your property is in these zones
and you currently have flood insurance, or decide to purchase flood
insurance before the new zones are official, you will be grandfathered
in at current rates, which could result in substantial savings.
Dennis and Yarmouth officials urge residents who are being reclassified
to zone A or
V to buy flood insurance now at the lower rates.
Call or stop by to see if you are affected by these changes.
The new maps are expected to be finalized in June 2010.