FEMA’s Flood Map Service Center is called the “official public source for flood hazard information produced in support of the National Flood Insurance Program (NFIP)” and provides flood maps to show people what areas of the United States are at risk of flooding. Last week, residents in the Davidson county in Tennessee found their properties being added to the latest update of high risk zone areas.

Whether you love or hate FEMA, they do to some extent serve a purpose in times of crisis. Just last week, the agency updated its flood maps and it’s not looking great for some property owners who reside in the newly designated high risk areas.

According to this article from insurancejournal.com, 4,400 properties were added to the flood maps for Davidson county in Tennessee.

The flood maps were last updated in 2001, and since then engineers employed by FEMA have been using “laser instruments” to build topographic maps of the new areas. This helped the agency to catch up on areas that had yet to be scanned.

While the updates to FEMA’s flood maps are important for those wondering whether they live in a high risk zone for flooding, the downside is that the residents who reside in the 4,400 properties added may have to end up purchasing flood insurance policies.

With some mortgage companies, flood insurance is a requirement for a property and the average flood insurance premium runs about $700 annually. This final price typically depends on a analysis of the exact flooding risk to the property.

However, despite that bad news there is a little bit of a positive side to the situation. Certain homeowners may be able to get subsidized policies through the National Flood Insurance Program, but time is running out and they must sign up before the updated maps become part of the Flood Map Service Center.

What do you think? Will this be beneficial to those in the high risk flood zones or will FEMA fall short of expectations?