Flood-zone remap may affect premiums

Colorado residents and business owners may see changes to flood-insurance premiums because of the remapping of flood zones in the wake of September’s disaster and National Flood Insurance Program legislative reforms.

“Anybody that was affected by the September flood is likely to be mapped in a flood Zone A,´ said Charee Voelz, personal lines director for Greeley-based insurance company Flood & Peterson.

“This directly impacts the market value of a house,” Voelz said. “Even if the owner could get regular flood coverage, I don’t see anybody in a Zone A paying less than $1,000 per year.”

And that’s not just for first-time flood…