Federal Emergency Management Agency (FEMA) has published the new Flood Insurance Rate Maps which become effective June 16, 2011. These updated maps affect several jurisdictions within Pima County, including Tucson.
If a home is in a high-risk flood area and the mortgage was obtained through a federally regulated or insured lender, that homeowner is required to purchase a flood insurance policy. Flood insurance for preferred rate policies start at $129 per year. High risk flood zone rates can be over a $1,500 per year.
Potential discounted rates for insurable structures on your parcel may be available - so talk to your insurance agent before June 16, 2011, or go to http://www.floodsmart.gov/floodsmart/
