| 113th Year, 51st Issue | Thursday, August 1, 2002 | Sparta, North Carolina |
As local residents await a chance to meet with a state flood insurance specialist on Aug. 19, word on the actual proposed cost for enrollment in the first phase of the program was recently revealed.
The county commission must first approve a move to enter the program. Right now, flood insurance is still only being investigated by the board — it is not been approved or disapproved.
County Planner Jack Conaway, who is investigating the insurance at the direction of the county commission, said he got word last week that the insurance will cost about $400 per year for $35,000 in coverage on a structure, along with $10,000 on contents, during the 'emergency' stage, which is the first stage of entering into the program.
"The current annual premium would be $397 per year," said Conaway, noting that the $35,000 amount would be the maximum available coverage until the county moved into the 'regular' phase. Flood insurance would be available to any county resident at exactly the same premium rate per household, regardless of where that resident's home is located. Currently, no flood insurance is available anywhere in Alleghany County.
As an added incentive, the state has mandated that counties enroll in the flood insurance program if they want to receive any state aid in the event of a major flood.
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