• 
• 
• 
• 

Flood-affected CR businesses could save on insurance

As reported by the Cedar Rapids Downtown District, as of that date, properties located in the Special Flood Hazard Area as designated by the updated flood insurance rate maps, that receive funding from a federally insured lending institution, will be required to purchase flood insurance.

Properties that move into a higher flood-risk category on the new maps are eligible for grandfathered insurance premium rates if purchased before April 5. For more information about flood insurance premium rates, call (888) 379-9531 or view www.floodsmart.gov.

To see the new flood map data, go to www.cedar-rapids.org/community/floodinfo2008.asp and click on the "Interactive Map of Flood Affected Properties" link. Look for the new tab on the map labeled "FEMA Flood Zones 1991 and 2010." This tab allows users to see the overlap or toggle between the 1991 and 2010 versions of the floodplain maps.