Today's Honolulu Star-Advertiser reports state officials are concerned that Oahu residents eligible for cheaper flood policy rates based upon updated federal flood maps may miss a deadline looming on Wednesday, January 19, 2010. Failing to respond by Wednesday could mean having to pay $5700 a year for flood insurance instead of $350 a year. Hundreds of Oahu property owners affected by updated federal flood maps can lock in the cheaper rate by applying before Wednesday.
Based upon updated FEMA flood-risk maps, several hundred parcels on Oahu were shifted into high-risk flood zones. These properties are primarily located along Oahu's west and sought shores.
The Star-Advertiser's full story is here.
