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Tens of thousands of federal flood insurance policy holders in Cape Coral, Fort Myers Beach, Bonita Springs, Estero and unincorporated Lee County will continue to get steep discounts on its premiums, government leaders announced Friday.
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The FEMA decision will impact a majority of federal flood insurance policy holders in Lee County.
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The Federal Emergency Management Agency helps people financially after disasters, but some disaster survivors say the agency is not clear on deadlines they need to meet for their recovery assistance.
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Lee County originally received a 30-day extension to provide documents to FEMA by May 9. A new extension the county received Friday puts June 10 as the new deadline for document submittal.
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Lee municipalities are hoping additional time to gather paperwork on rebuilding efforts post-Hurricane Ian will put them in the good graces of the federal government
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At stake is tens of million of dollars in flood insurance discounts that policy holders have enjoyed for years.
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FEMA's decision to boot Cape Coral policy holders from the 25% discount program will have an $8 million impact.
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Decision to downgrade unincorporated Lee, Cape Coral, Bonita Springs, and Estero's flood rating will prove costly to policy holders.
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A flood insurance issue that could end up costing millions for residents in unincorporated Lee County and several of the county's cities will be aired Tuesday at the Board of County Commissioners meeting.At stake is federal flood insurance community ratings in unincorporated Lee County and multiple municipalities in the county. FEMA confirmed Monday that unpermitted work, lack of documentation, and failure to properly monitor the rebuilding of properties in flood hazard areas in the post-Hurricane Ian world is why the federal government has chosen to significantly downgrade those ratings.That means federal flood insurance policy holders — there are more than 51,000 in unincorporated Lee County alone — will lose their 25 percent discounts on flood insurance premiums come Oct. 1. Some 64,000 policy holders in Bonita Springs, Estero and Cape Coral will no longer quality for the discounts until possibly spring 2026.The matter will be discussed in further detail when the Lee County Board of County Commissioners meet for their regular board meeting at 9:30 a.m. Tuesday.
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A notice from Lee County said a federal decision will affect those with flood insurance — and those in need of flood insurance — in unincorporated areas and four cities in the county.FEMA sources said the discount removal was due to what they said was a large amount of unpermitted work, lack of documentation, and failure to properly monitor activity in special flood hazard areas, including substantial damage compliance.