When will affected residents be able to drop their flood insurance?

The LOMR has been approved by FEMA (effective February 16, 2018) and if your insurance provider agrees with the findings, then insurance should not be required. Also, your lender and insurance provider may request individual survey records specific to your home. This would be a responsibility of the home owner to provide all necessary information to their insurance provider. Not that each property owner will need to work directly with their own insurance provider.

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1. What is a LOMR?
2. How will I know if my property is impacted by the new Elm Creek flood study?
3. When will affected residents be able to drop their flood insurance?
4. Will there be reimbursement for flood insurance?