JONESBORO, AR (KAIT) - The city of Jonesboro hosted two flood insurance meetings Tuesday to open up discussions on flood insurance and how to get it.
Carl Watts, a liaison with the National Flood Insurance Program, explained that even if you are not in a high-risk flood area, you can still purchase it.
Part of Watts' presentation touched on federal disaster assistance versus flood insurance premiums. Watts explained that federal disaster assistance is usually a Small Business Administration loan that must be paid back with interest.
"For a $50,000 loan at 4% interest, your monthly payment would be around $240 a month ($2,880 a year) for 30 years," the presentation showed. "Compare that to a $100,000 flood insurance premium, which could be as low as $400 a year ($33 a month)."
Lynda Houge was one of many homeowners to attend the meeting. Despite having flood insurance for 30 years now, Houge said after the most recent flood, she's grateful she has it and encourages others to do the same.
"The water actually filled my whole back yard and ran over the road, and I was packing my bags getting ready to walk out the door and the rain stopped," Houge said. "Even though I'm not in a flood zone, we don't know when it's going to come, we don't know when that flood's going to come, so be prepared."
If you were unable to attend the meeting, the City of Jonesboro recorded the entire meeting and will upload it to their website over the coming days. The slideshow from the presentation will also be available.
To see if your home or business is in a Special Flood Hazard Area or Moderate- to Low-Risk Area, visit floodsmart.gov and type in your address.
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