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Some Monroe residents dropped flood insurance, now regret it

6 years 8 months 5 days ago Sunday, April 03 2016 Apr 3, 2016 April 03, 2016 8:04 PM April 03, 2016 in News
Source: Associated Press
By: APnewsNow

MONROE - Some Monroe homeowners dropped flood insurance when they got the choice, and are now regretting it.

Frenchman's Bend Homeowners Association President Jonathan Oglesbee says some homeowners in the area got notices from their mortgage company saying they were no longer required to buy flood insurance.

That happened after the Federal Emergency Management Agency accepted revisions to the area's flood plain map, based in part on a developer's work to add fill dirt to raise a subdivision.

Oglesbee tells The News-Star that more than 20 houses flooded in March.

The American Press reports that transportation officials say the storms did $20 million damage to roads and bridges statewide

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