With the rainy season in Oregon upon us, The Oregonian warns that FEMA is forcing Homeowners to purchase unnecessary Flood Insurance. Homes in, what FEMA considers to be, Special Flood Hazard Areas will be required to purchase Flood Insurance, or FEMA will purchase it for them. According to The Oregonian, rates could be as high as $12,000 a year. It might be worth hiring a surveyor, usually costing $500, to assess your property elevation to challenge FEMA’s claims of whether or not your home is actually at risk of flooding. For the full article from The Oregonian:
FEMA, Lenders Wrongly Charge Oregon Homeowners Flood Insurance
