County residents elgible for flood insurance

From Staff Reports

Purchasing flood insurance just became a little easier for Cass County residents.
Cass County has joined communities nationwide that are allowed to purchase federally backed flood insurance, as they have officially joined the National Flood Insurance Program. Residents of the county are now able to purchase flood insurance up to the limits under the Regular Phase of the program.
For single-family dwellings, the building coverage limit is $250,000 and the contents limit is $100,000. Renters can also protect their belongings by purchasing contents coverage. For commercial properties, the building and contents limits are both $500,000.
Lenders must require borrowers whose properties are located in a designated flood hazard to purchase flood insurance as a condition of receiving a federally-backed mortgage loan in accordance with the Federal Disaster Protection Act of 1973.
The NFIP is implemented through the Federal Emergency Management Agency. There are more than 5.5 million flood insurance policies in more than 21,000 participating communities nationwide.