My mortgagecompany notified me that due to a change in the flood map for St Clair Shores Ihave to provide proof or buy into the nationalflood insurance program. Is this just FEMA trying to make up forrecent losses elsewhere in the country? I sure don't know... Of course, no one wants to be in a flood plain – you don't want to pay thepremiums and it makes your house less desirable when you sell. But if you liveon the lake or a canal in St Clair Shores now, chances are you are in the sameboat as I am. You may not hear anything from your lender, though, especially ifthey are big and you don't do anything to get their attention.
I already have had to hire a surveyor orcivil engineer experienced in this sort of thing to get a certified elevationof my home. To find out that my basement will flood. so $2300 X 100years is $230,000 on a chance that the water is going to come up about 7' to flood my basement.
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