Federal Flood Insurance Now Available in Magnolia - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Federal Flood Insurance Now Available in Magnolia

Posted: May 07, 2018 5:11 PM Updated:

MAGNOLIA, Del.– Federal flood insurance is now available to all property owners in Magnolia. 

The Kent County town has become the 50th Delaware community to participate in the Federal Emergency Management Agency's National Flood Insurance Program, DNREC's Division of Watershed Stewardship announced Monday. 

FEMA, which runs the NFIP program within the Department of Homeland Security, approved Magnolia’s application to participate on April 5.

Magnolia residents can now purchase flood insurance up to the limits under the regular phase of the program. For single-family dwellings, the standard policy building coverage limit is $250,000, while the contents’ coverage limit is $100,000, DNREC said.

Lenders must require borrowers whose properties are located in a designated Special Flood Hazard Area to purchase flood insurance as a condition of receiving a federally-backed mortgage loan in accordance with the Federal Disaster Protection Act of 1973.

Property owners not located within an SFHA can voluntarily purchase flood insurance from any agent or broker licensed to do business in Delaware.

There is generally a 30-day waiting period before a newly-purchased flood insurance policy goes into effect. DNREC’s Floodplain Management Program advises property owners to contact their insurance company for any exceptions to this policy

  • Most Popular VideosMost Popular VideosMore>>

  • 40 German Shepherds Removed From Kennel Near Pocomoke

    40 German Shepherds Removed From Kennel Near Pocomoke

    Last Friday Dog Control in Westover received an anonymous complaint about Jolindy's Kennel stating that the property is dirty and there were concerns for the dogs living there. 

    Linda Brown is the owner of the kennel and she was surprised when the Somerset County Sheriff Department showed up yesterday with animal control officers to remove all 40 of her German Shepherds.

    More

    Last Friday Somerset County Animal Control officials in Westover received an anonymous complaint about Jolindy's Kennel stating that the property is dirty and there were concerns for the dogs living there. On Wednesday, animal control officers showed up at the kennel to remove all 40 of Jolindy's German shepherds.

    More
  • Delaware State Fair Begins Thursday

    Delaware State Fair Begins Thursday

    The Delaware State Fair is again underway, a big draw in the summertime.  Workers have been getting rides ready for the crowds and making sure everything is safe and operational.

    More

    The Delaware State Fair is again underway, a big draw in the summertime.  Workers have been getting rides ready for the crowds and making sure everything is safe and operational.

    More
  • WBOC Morning Weather July 20, 2018

    WBOC Morning Weather July 20, 2018

  • Delaware News</span><div style="float:right"><a href="/global/Category.asp?C=185255">More &gt;&gt;</a></div><span>Delaware NewsMore>>

  • Rap Beef Comes To Delaware State Fair

    Rap Beef Comes To Delaware State Fair

    Jul 20, 2018 11:20 PM2018-07-21 03:20:00 GMT
    Friday, July 20 2018 11:22 PM EDT2018-07-21 03:22:50 GMT
    Spotted at the Delaware State Fair this week were dozens of celebrities, including Chance The Rapper, Drake, Cardi B, even Vanilla Ice. But these weren't your normal celebrities--they were celebrity cows.More
    Spotted at the Delaware State Fair this week were dozens of celebrities, including Chance The Rapper, Drake, Cardi B, even Vanilla Ice. But these weren't your normal celebrities--they were celebrity cows. More
  • Judge Says Prisoner Can Pursue Softball Injury Lawsuit

    Judge Says Prisoner Can Pursue Softball Injury Lawsuit

    Jul 20, 2018 9:31 PM2018-07-21 01:31:00 GMT
    Friday, July 20 2018 9:31 PM EDT2018-07-21 01:31:31 GMT
    A federal judge has refused to dismiss a lawsuit filed by a Delaware prison inmate injured during a softball game.More
    A federal judge has refused to dismiss a lawsuit filed by a Delaware prison inmate injured during a softball game.More
  • State Police Looking For Suspect in Deadly Laurel Shooting

    State Police Looking For Suspect in Deadly Laurel Shooting

    Jul 20, 2018 9:11 PM2018-07-21 01:11:00 GMT
    Friday, July 20 2018 9:11 PM EDT2018-07-21 01:11:39 GMT
    Delaware State Police are asking for the public's help in finding suspects wanted in connection to a deadly shooting.More
    Delaware State Police are asking for the public's help in finding suspects wanted in connection to a deadly shooting. More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices