2005-10-14 / Front Page
Flood map could mean higher insurance for homeowners
The city council scheduled a special meeting on Wed., Nov. 9 to inform residents about the changes before they occur.
“This could be a very expensive issue if homeowners are suddenly forced by their lenders to purchase flood insurance,” said Mayor Pro Tem Clint Harper, adding the new map is also a potential problem for homeowners if they try to sell their homes.
Flood insurance will cost at least twice as much if homeowners wait until the maps are finalized by FEMA, said Councilmember Roseann Mikos, who personally chose to purchase flood insurance after the 2003 fires.
But since the maps are tentative, homeowners who may be affected by the change still have time to purchase flood insurance at lower rates, she said.
The mapping process also allows for a public comment period.
Neighborhoods affected by the changes include portions of Mountain Meadows surrounding the Peach Hill drain. Apartment complexes and condos along New L.A. Avenue, as well as most of the homes south of High Street in downtown Moorpark, are also listed on the map.
“Essentially anything south of the railroad and near the arroyo from the 23 Freeway to the western city limits may be impacted,” said Barry Hogan, Moorpark community development manager.
This map could also affect renters, since higher insurance rates for landlords could translate into higher rents.
Although flood insurance is only offered through the federal government, “people should talk to their own home insurance company for additional flood insurance information,” said Hugh Riley, assistant city manager.
The flood map incorporates areas that are not generally affected by floods unless an extremely large storm occurs, but lenders will require flood insurance nevertheless, officials said.
More information is available online at www.ci.moorpark.ca.us and officials will discuss the map at the upcoming informational meeting.