Businesses built before ‘83 could see big rise in insurance
Congress has failed to take significant action to repeal or delay the Biggert-Waters Act and it is now the law of the land. That means as insurance policies begin to renew, some property owners may be in for a surprise.
St. Charles Parish Coastal Zone Manager Earl Matherne said while most property owners will not see any effects because flood maps proposed in March that would reclassify many areas of the parish as flood zones for the first time have been delayed, there will be a few notable exceptions.
“Without the map actually having changed the changes in St. Charles are minimal. The big changes will come with pre-FIRM policies,” he said. “We are talking mostly about commercial.”
Matherne said the commercial structures built before St. Charles Parish became part of the National Flood Insurance Program in 1983, also known as pre-FIRM, on Highway 90 in Boutte will likely see the most effects. When commercial flood insurance policies begin to renew those property owners may be required to pay thousands of dollars per year.
“In Boutte everything is about the same height, because most of those were built before 1983,” he said. “It is kind of a nationwide wait and see who gets the bills, which is scary because it means you don’t know. It could be a handful of properties and it could be 75 percent of them.”
Matherne said he really does not know how the Biggert-Waters Act will begin to be enacted, especially with the current government shutdown, but he expects to soon begin hearing from affected property owners who are presented with exorbitant flood insurance bills.
“It’s a matter of time before their current policies, if they have them, expire and come up for renewal,” he said.
Subscribe Today and Save!!!
St. Charles Herald-Guide is an award-winning newspaper that covers all aspects of St. Charles Parish - from schools and parish government news to social events, features on our local residents and sports.
Order your subscription today!
Steve Todd may have been the last participant in Saturday’s Bridge Run to cross the...
A man who is believed to have attempted to kidnap a 17-year-old girl from a Boutte...
A suspect in the December 2012 murder of Norco resident Jay Bertucci was...
Nearly five months after 23-year-old Ramal Ellis was found shot to death behind the...
A 2002 BMW, 1999 Mercedes ML3 and a 2007 Ford F150 are among the 29 vehicles that...
Employees of Home Depot, along with members of the Veterans of Foreign Wars Post...
Majoria's Supermarket in Boutte has a butcher shop, large liquor, beer and wine department and deli. The fresh vegetable fruit and handmade sandwich trays are traditional fare at family gatherings.
Local experts share gardening tips for both new and established gardens - 865 views
For gardeners who are just getting into gardening as well as those finding themselves having to replant after last year’s brutal winter, there are plenty of new plants to consider this year. However, local experts say the basics of setting up a garden that will last for years comes down to good planning.