robinlynn
Posts:165
 | | 12/17/2007 5:51 PM |
 Alert | | Has anyone here recently received notification from their Mortgage company about being in a flood zone? It seems our mortgage company recently did a survey and decided we were in a flood zone and need to buy more insurance. I'm not too sure about this. Does anyone know anything about these? I live in Alterra, not by a stream or anything. | | | |
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Fritzydoodle
Posts:1055
| | 12/17/2007 6:08 PM |
Alert | Where you live was under about 6 foot of water in the Great Flood of 1983. I would say you are in a flood zone.
Yes, the various developers have 'channeled' the wash - but you know what they say about Mother Nature and Man's ability to change things. Go buy flood insurance just to be sure... | |
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love@hm
Posts:538
| | 12/17/2007 6:26 PM |
Alert | Appraisers are required to include your flood zone in their reports. I'm willing to bet you could find one that could look up your zone for you. . . AZ appraiser comes to lind 
However, flood insurance does NOT cost a lot of money, and you may find it is well worth it.
Did your MTG company say that the zones were redone? They should not require it unless you are IN a flood zone and that is something they should have known at closing - now, if that has changed - then their requirement can change. | | | |
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Java Lover
Posts:0
| | 12/17/2007 8:26 PM |
Alert | FEMA just reevaluated the flood zones. You can look here to get more information. http://co.pinal.az.us/PubWorks/FloodPlain_Control/FEMA_DFIRM/FloodMaps/FloodMaps.html
Pinal did a presentation in July you can access that here...http://co.pinal.az.us/PubWorks/FloodPlain_Control/Final%20DFIRM3%20Community%20Mtgs%20Aug%2007.pdf
You can also look here for more information...www.floodsmart.gov. | | | |
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love@hm
Posts:538
| | 12/17/2007 9:13 PM |
Alert | | That's a pretty big flooding area running through town! My house continues to not be in a high flood zone, although, when we decided to move out here I considered putting a small flood policy on the home anyway. . . every once in a while I still consider it. I personally, would have decided to not purchase in a flood zone, and would not be happy if it were rezoned - although it DOES give homeowners the knowledge of the necessity of flood insurance, so in that way it is a good thing. | | | |
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Colgate
Posts:642
| | 12/17/2007 10:58 PM |
Alert | | When I purchased my home 15 months ago I had to go through all of this flood zone crap and the city reestablished my neighborhood as not being in the flood zone deemed necessary for the insurance. I too live in Alterra North. My lender sent me the notice that I have 45 days to be in touch regarding purchasing insurance or they will purchase it for me at my expense. Fitzy is right the flood of 83 was bad. But the insurance rates are real steep. I already checked into this by serveral insurance co. I am going to get my realtor who sold me this house to get involved for me. Thank goodness we have a good relationship!!! If anyone has more info on this please keep us posted. This is a FEMA regulation. | |
Live every day as if it were your last and smile! | |
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love@hm
Posts:538
| | 12/18/2007 12:05 PM |
Alert | Rates for a medium to low risk will run from $9.33 a month to $26.42 a month. That is for building AND contents - the insurance co, may or may not require both - I don't know. For a HIGH risk (which I'm guessing NO ONE here is) you are looking at $42 to $207 a month - for both building and contents.
They have policies which are building only and contents only as well.
I found all of this info at www.floodsmart.gov
If you are considered HIGH risk for a flood wouldn't you WANT insurance? And if you are medium to low, but the gov't and the lender don't necessarily agree, wouldn't you think a small policy could be worth $9-$15 a month?
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alanf
Posts:1601
| | 12/18/2007 2:26 PM |
Alert | This link will show you the new map for Senita and surroundings
FEMA MAP
It's about 11Mb so be patient. It's dated 12/04/07 so it is an unknown map right now for the banks.
It shows that Senita is definitely in Zone X (not a special flood zone). However, if you are already required by your bank to have flood insurance...the work is all yours. You have to prove to them you are no longer in the A zone. This means copies of maps (if you are lucky) and possibly a Letter of Map Adjustment from FEMA (6 months). My flood insurance for last year was decided for me unexpectely when my mortgage got sold. Cost of insurance $2250.
Good Luck | | | |
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alanf
Posts:1601
| | 12/18/2007 2:29 PM |
Alert | | It's map 04021C0745E if curious. | | | |
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Bob J
Posts:119
| | 12/18/2007 5:31 PM |
Alert | | The Maricopa US Post Office (on Hathaway) had a picture on the wall (up until about a year ago) that showed the previous post office (which was just south of the railroad tracks) with a car parked in front of it with the flood waters up over the windows of the car. They were asked to take the picture down by the developers because it was scaring away home buyers. My suggestion is to keep a boat either in your backyard or in your garage, in addition to insurance. These floods historically happen on a 20 to 30 year cycle, and are not the great 100 year disasters as some people think. Do a little checking on the internet. My question is: would any of us have bought here in the first place if we had known this was a flood plain? Who would have thought flood waters up to 6 feet or more would cover this area, given that Maricopa is in the middle of a sonoran desert? Did anyone in this forum do any homework before buying here to see if this was in a flood plane? Was the fact that this is in a flood plain disclosed to anyone who bought a house here since 2003? | | | |
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alanf
Posts:1601
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Bob J
Posts:119
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alanf
Posts:1601
| | 12/19/2007 5:38 AM |
Alert | Why should I feel lucky? I researched. Yes I can afford the insurance, but guess what? Somebody else is paying it because the maps were not changed as soon as expected.
Sorry for calling you sarcastic. It is obvious YOU didn't research and are now just whining. The smell is fine, the 347 was crowded and subject to major traffic jams in 2005 bob. Now, stop whining and have a Happy Holiday season Bob. | | | |
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Java Lover
Posts:0
| | 12/19/2007 9:17 AM |
Alert | <--- Did my research. Moved here for the cows, the farms, the trains and the stars (not necessarily in that order). <img src='http://www.85239.com/desktopmodules/ntforums/images/emoticons/wink.gif' height='20' width='20' border='0' title='Wink' align='absmiddle'>
Things have changed some with the revisions of the FEMA maps. Just check into it.
Merry Christmas! | | | |
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love@hm
Posts:538
| | 12/19/2007 10:00 AM |
Alert | I verified what the builder told me, then I researched Zone C, because I am used to hearing Zone X. With the updated maps, it now shows Zone X
While I am in a low flood zone(.2% annual chance flood; areas of 1% annual chance flood with average depths of less than 1 ft or with drainage areas less than 1 sq mile; and areas protected by levees from 1% annual chance of flood.)
I still have been considering (for a while) adding a small policy for peace of mind. . .
Now, if I were in an area similar to what is found South of Farrell between White and Parker and Hartman - I wouldn't even consider - I'd already have a policy
http://co.pinal.az.us/PubWorks/FloodPlain_Control/FEMA_DFIRM/PDF_FloodMaps/04021C0775E.pdf
That would be map 04021C0775E | | | |
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STUDGLOVE
Posts:178
| | 12/19/2007 12:05 PM |
Alert | | I admit i did not research anything about flood zones. Looks like I got lucky to be in a low flood area. Thanks for the link to the map. | | | |
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love@hm
Posts:538
| | 12/19/2007 9:17 PM |
Alert | fgv -
I got your message. I'm in Tortosa. To get the links to work you have to copy them into your address bar. It takes a LONG time for the maps to load.
745E shows Glennwilde, Senita, parts of Maricopa WEST of the 347 - 775E shows Tortosa and a LOT of farmland - some of the other developments as well. 735E - which is not linked directly, shows RED and Cobblestone.
If you can't get it to work e-mail me you crossroads and development and I can check for you. . . | | | |
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LoveScience
Posts:81
| | 12/22/2007 10:39 AM |
Alert | I know this sounds bad, but I am SOOOO thankful that i am not the only one in a flood zone! I too asked, before closing, if my home was considered to be in a flood plain, I did my research and I always came to the same conclusions, "you are not in a flood zone". great, here come the holidays and now I have to purchase flood insurance. (and yes, I know it is better to have the insurance and not need it rather than to not have it and need it...) When I spoke to my insurance agent he stated that my home owners insurance was going to double- hopefully this is not the case. Colgate- when my house starts flooding, I'll call you because we both know that it will be coming straight for you next!! 
Also, how do I find out my percent risk? I have looked on the fema webpage and found my area and reference numbers, but I'm not sure how to find my %'s.
Thanks.... and may the flood be with you... and not me... | | | |
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mrhawk
Posts:59
| | 12/23/2007 7:45 AM |
Alert | | When I was researching our house, I was disclosed by our builder (US Home) that the development was in zone A0, but that FEMA was reworking the maps and we'd no longer be in an A zone due to improvements made by the developers. Well, with this recent thread, I see that we are still A0 - no change. Of course, the discussion with the builder was all verbal - nothing in writing. I am very frustrated - I should not have taken their word on it, and I'm not sure I would have bought in the development that I did with this knowledge. | | | |
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love@hm
Posts:538
| | 12/26/2007 8:26 AM |
Alert | Lovescience,
Not really certain what you mean by % risk, but if you look at the key on the maps it shows the definitions of each of the zones - (x, A, AO etc.) Perhaps that will help you out. Also, it isn't your homeowners that doubles, it is the flood insurance that you add. I believe it is a different policy - maybe it can be added to your homeowners, but I believe you can also buy it seperately. . . If you go to the FEMA website (listed above) it has an area that will give estimates of cost depending on the size of policy you purchase. I listed the ranges in a different post. When you are in a high risk flood zone they are not cheap. . . but I believe that start around $40 a month. Check with your mtg co, to determine how much insurance you are required to have.
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