In the aftermath of the recent hurricanes and subsequent flooding that have crippled Texas, Florida, and the islands in the Atlantic Ocean, LUVA Real Estate wanted to give you an update on Hawaii’s flood insurance programs.
The amount Hawaii island residents pay for flood insurance could change when the Flood Insurance Rate Maps (FIRM) for the county take effect this fall.
Changes by the Federal Emergency Management Agency were made to better identify known flood risks. The new maps will be used for flood insurance, land use, development, and regulatory purposes.
In West Hawaii, the biggest flooding issue we experienced lately was the 2010 Japanese tsunami that flooded downtown Kailua Kona and damaged many homes…