Happening Today: FEMA to detail new flood insurance rate maps - FOX 8 WVUE New Orleans News, Weather, Sports, Social

Happening Today: FEMA to detail new flood insurance rate maps

(Source: FEMA) (Source: FEMA)
NEW ORLEANS (WVUE) -

People who live in New Orleans can learn more about what the new FEMA flood maps mean for their flood insurance rates.

The city of New Orleans and FEMA are hosting a workshop for residents Thursday morning.

The new flood maps go into effect September 30th. Officials say thousands of homeowners could see lower flood insurance rates.

The new FEMA Flood Insurance Rate Maps will affect approximately 85,000 policies in New Orleans.

As of September 2015, the average flood insurance policy was $961, according to a release from New Orleans Mayor Mitch Landrieu's office.

The cost of flood insurance in non-hazard areas (“X-Zones”) is cheaper than in areas with a higher statistical risk of flooding.

Any changes to homeowners’ and business owners’ insurance premiums would be made through their insurance companies.

The meeting starts at 10 a.m. in City Council chambers.

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