Re: Flood plain? - Posted by Bert G in ND
Posted by Bert G in ND on January 12, 2001 at 11:45:14:
I’m in Grand Forks, ND. You may have heard of the “little water problem” we had here a few years back that displaced 50,00 folks.
They’re still drawing lines here to re-determine the flood plain. Plus, there’s the 50-year plain, 100 yr, 500yr, depending on likelyhood of flooding. Main thing this means to the property owner is the cost of the insurance. If you’re on a flood plain, the lender will probably require flood insurance. The insurance is a Federal program, but you buy it thru your regular insurance agent.
The local government might have building code requirements for houses closer to the water. For example, if the property floods every year, you might want pontoons.