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 StoriesMost Popular StoriesMore>>

  • Police: Wicomico County Car Crash Kills Teen

    Police: Wicomico County Car Crash Kills Teen

    Monday, September 24 2018 10:26 PM EDT2018-09-25 02:26:13 GMT
    Tuesday, September 25 2018 8:01 AM EDT2018-09-25 12:01:01 GMT
    (Image: MGN)(Image: MGN)
    (Image: MGN)(Image: MGN)
    Maryland State Police said a 17-year-old girl died in a car crash involving a dump truck Monday afternoon.More
    Maryland State Police said a 17-year-old girl died in a car crash involving a dump truck Monday afternoon.More
  • 16 Mile Brewery Shuts Down

    16 Mile Brewery Shuts Down

    Monday, September 24 2018 4:45 PM EDT2018-09-24 20:45:11 GMT
    Tuesday, September 25 2018 7:45 AM EDT2018-09-25 11:45:03 GMT
    GEORGETOWN, Del.- After speculation late last week, 16 Mile Brewery has officially closed its doors. On Monday, the local brewery's LED sign on Bedford Street read "Thank you for a great decade." The brewery's doors were locked, the lights off, and a signMore
    GEORGETOWN, Del.- After speculation late last week, 16 Mile Brewery has officially closed its doors. On Monday, the local brewery's LED sign on Bedford Street read "Thank you for a great decade." The brewery's doors were locked, the lights off, and a signMore
  • Updated: Police Locate Salisbury Teen Reported as Missing

    Updated: Police Locate Salisbury Teen Reported as Missing

    Tuesday, September 25 2018 8:14 AM EDT2018-09-25 12:14:45 GMT
    Tuesday, September 25 2018 10:48 AM EDT2018-09-25 14:48:03 GMT
    Lindsay Ludianna Lima is shown in this photo provided by Maryland State Police. Lindsay Ludianna Lima is shown in this photo provided by Maryland State Police.
    Lindsay Ludianna Lima is shown in this photo provided by Maryland State Police.Lindsay Ludianna Lima is shown in this photo provided by Maryland State Police.
    Maryland State Police have located a 14-year-old Salisbury girl reported as missing early Tuesday.More
    Maryland State Police have located a 14-year-old Salisbury girl reported as missing early Tuesday. More
  • Most Popular VideosMost Popular VideosMore>>

  • 16 Mile Brewery Shuts Down

    16 Mile Brewery Shuts Down

    After speculation late last week, 16 Mile Brewery has officially closed its doors.

    On Monday, the local brewery's LED sign on Bedford Street read "Thank you for a great decade." The brewery's doors were locked, the lights off, and a sign read "CLOSED. We appreciated your business and are sorry to inform you that we have decided to close 16 Mile Brewery and Tavern indefinitely. Thank you for your patronage and support over the last 9 years."

    More

    After speculation late last week, 16 Mile Brewery has officially closed its doors.

    On Monday, the local brewery's LED sign on Bedford Street read "Thank you for a great decade." The brewery's doors were locked, the lights off, and a sign read "CLOSED. We appreciated your business and are sorry to inform you that we have decided to close 16 Mile Brewery and Tavern indefinitely. Thank you for your patronage and support over the last 9 years."

    More
  • Police Investigating Deadly Crash in Wicomico County

    Police Investigating Deadly Crash in Wicomico County

    Maryland State Police are investigating a deadly car crash Friday afternoon. It happened at the intersection of White Lowe Road and Route 50 shortly before 3 p.m. According to MSP, Maria Theresia Ellis, 77 of Ocean City, was driving on White Lowe Road when her car failed to yield to oncoming traffic as she turned onto Route 50. Police said Ellis's car was hit in a T-bone like manner by Garrett Adrian Pusey, 20 of Mardela Springs.

    More

    Maryland State Police are investigating a deadly car crash Friday afternoon. It happened at the intersection of White Lowe Road and Route 50 shortly before 3 p.m. According to MSP, Maria Theresia Ellis, 77 of Ocean City, was driving on White Lowe Road when her car failed to yield to oncoming traffic as she turned onto Route 50. Police said Ellis's car was hit in a T-bone like manner by Garrett Adrian Pusey, 20 of Mardela Springs.

    More
  • Confusing Street Signs Come to Dewey Beach

    Confusing Street Signs Come to Dewey Beach

    New street signs are popping up in Dewey Beach, and some aren't happy about it.

    These new directional signs, Delaware's Department of Transportation says, were implemented to prevent crashes along Route 1.

    But some say it's done the opposite of helping and has created more confusion.

    More

    New street signs are popping up in Dewey Beach, and some aren't happy about it.

    These new directional signs, Delaware's Department of Transportation says, were implemented to prevent crashes along Route 1.

    But some say it's done the opposite of helping and has created more confusion.

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

  • Health Officials: 50 People Exposed to TB at Georgetown Elementary

    Health Officials: 50 People Exposed to TB at Georgetown Elementary

    Tuesday, September 25 2018 11:47 AM EDT2018-09-25 15:47:33 GMT
    Tuesday, September 25 2018 11:47 AM EDT2018-09-25 15:47:33 GMT
    Credit: WBOCCredit: WBOC
    Credit: WBOCCredit: WBOC
    The Delaware Division of Public Health and the Indian River School District announced Tuesday that approximately 50 individuals at Georgetown Elementary School may have been exposed to someone with active tuberculosis.More
    The Delaware Division of Public Health and the Indian River School District announced Tuesday that approximately 50 individuals at Georgetown Elementary School may have been exposed to someone with active tuberculosis. More
  • Court Hears Carney Appeal Over Political Balance Mandate

    Court Hears Carney Appeal Over Political Balance Mandate

    Tuesday, September 25 2018 9:29 AM EDT2018-09-25 13:29:00 GMT
    Tuesday, September 25 2018 10:48 AM EDT2018-09-25 14:48:19 GMT
    A federal appeals court is set to hear arguments in a lawsuit over a state mandate for political balance on Delaware's courts.More
    A federal appeals court is set to hear arguments in a lawsuit over a state mandate for political balance on Delaware's courts.           More
  • Dover Park Revitalization Plans Move Forward

    Dover Park Revitalization Plans Move Forward

    Monday, September 24 2018 7:32 PM EDT2018-09-24 23:32:40 GMT
    Tuesday, September 25 2018 7:56 AM EDT2018-09-25 11:56:01 GMT
    A draft proposal for major renovations at Dover Park has been formed, offering a look at potential improvements to a recreation area that many people believe needs major repairs.More
    A draft proposal for major renovations at Dover Park has been formed, offering a look at potential improvements to a recreation area that many people believe needs major repairs. 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