March 13, 2018
Spring floods are common, and this is a good time to review your flood exposures. Currently, the Mississippi River in New Orleans is approaching the 17-foot flood level again. The river is flowing fast and putting pressure on the levees even with the Spillway partially open. This is a good reminder to all that we live in a very flood prone area.
While we live with the threat of floods.
There is some good news.
Effective February 2nd, 2018, Jefferson Parish officially adopted the new FEMA flood maps that provide rate relief for the majority of the of the Parish. Flood insurance is now more affordable! The risk of flooding has been reduced, but it still exists. One major failure in the flood defenses, like a levee or pumping station, will again be devastating. Note, some areas did not improve, and some had adverse results from the changes.
Alpha Insurance is assisting individuals and businesses along with our Write Your Own (WYO) flood insurance carriers to obtain refunds, and adjust their premiums or coverage based upon their needs. For example, if your home was built prior to 1974 and you do not have an elevation certificate, now is a good time to obtain one to see if your premium can be improved. We can help you get an elevation certificate.
If you live in St Bernard, the flood maps changed on December 21, 2017, and are subject to these same changes. The flood insurance premiums were not as positively affected in St Bernard; however, it is still a welcomed improvement for the majority.
Plaquemines Parish only has the preliminary maps published. There is not an acceptance date pending.
Flood Insurance can be affordable. Now is a great time to review and purchase coverage due to its affordability. Feel free to contact Alpha Insurance if you are a client with or without coverage to see how we can help. Also tell your friends and family about us as we have the best and most knowledgeable experienced staff in south Louisiana.
Bryan Duplantier, CPCU
