Thursday, February 20, 2014

FEMA Releases Preliminary Flood Insurance Rate Maps for Middlesex and Monmouth Counties. Release Date Feb 03, 2014.

FEMA Releases Preliminary Flood Insurance Rate Maps for Middlesex and Monmouth Counties. Release Date Feb 03, 2014.
            The New Jersey Department of Environmental Protection (NJDEP) along with Middlesex and Monmouth Counties are cooperating in efforts to combat flooding, the reduction of lives lost, decrease in the loss of property and dealing with the economic impression of flooding is detrimental to the people of both counties. FEMA has expressed great concern as today the issuance of the Preliminary Flood Insurance Rate Maps or (FIRMS) provides in depth modifications to the continuing evaluation of vulnerabilities of floods. The initial FIRMS will personify coastal flood threats as the Preliminary Work Maps would now be apprised to consist riverine flooding. The issuance of the Preliminary FIRMS is the first factor in the approved regulatory review initiative. The following step would illustrate a mandatory 90-day appeal and comment cycle, this will commence during the Spring of this year. Owners of property along with groups that are interested in such matters will have the chance to petition the Preliminary FIRMS by proposing the necessary procedural documentation to their provincial Floodplain Administrators. With reference to the period of petition once it has ended, FEMA will then release a Letter of Final Determination or LFD to the Middlesex and Monmouth County communities. Operational standards will occur in 2015; apparently these contemporary FIRMS will establish flood insurance rates. However the benefits would extend to increased levels for construction of buildings and the reduction of insurance costs.

Onika Mayhew (Graduate Assistant) 

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