Posted: Jan 29, 2013 5:17 AM
Source: Associated Press
NEW YORK - Some of the people whose homes were damaged or destroyed by Superstorm Sandy in the New York City area may now face the choice of rebuilding higher, or paying considerably more for insurance.
Under new flood maps released Monday by the Federal Emergency Management Agency, twice as many homes and businesses in and near the city would be in flood zones.
The maps are preliminary, but they are likely to be the basis for changes to building laws and insurance requirements. They represent one of the first concrete signals of how officials will carry out their vows to rebuild smarter in the aftermath of Sandy.
More property owners could be forced to buy flood insurance. And rebuilding from the storm will be more complicated for others.