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OBX CRS Users Group - Conversation with Insurance and Finance Stakeholders

OBX CRS Users Group -  Conversation with Insurance and Finance Stakeholders Dare County, in partnership with Current TV, has released a video of a recent Outer Banks Community Rating System (CRS) Users Group Meeting about the preliminary flood maps released by FEMA that are expected to be adopted in 2020. At the July 2019 meeting, local insurance and finance stakeholders were invited to discuss the preliminary flood maps and what the changes mean for local property owners.

The video provides property owners with critical information about changes in the preliminary flood maps and what they should know before making changes to their flood insurance policies when the new maps are adopted.

On the preliminary flood maps, a number of properties in Dare County are being reclassified into shaded x zone and x zones. Although flood insurance is not required in shaded x zones and x zone properties, some of these properties being reclassified have historically and repeatedly flooded. In addition, the newly revised flood maps may not accurately reflect soundside flooding hazards or extreme rainfall.

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