Description: Cape Cod FEMA flood maps are changing and mortgage lenders are requiring flood insurance for the Falmouth, Masphee, Bourne, Sandwich, Martha's Vineyard & Nantucket areas.
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When new maps are issued, your risk may have changed as well - along with your flood insurance requirements. However, there is usually a six- to twelve-month period between the time the new “preliminary” maps are issued and the time that they are implemented. This gives you adequate time to protect your property and, possibly, save on flood insurance. If your property is mapped out of a high-risk area, your flood insurance costs will likely decrease. If you’ve been mapped into a high-risk area, you will