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You are here: Home / Blog / Work by city lowers flood insurance costs – Albuquerque Business First

Work by city lowers flood insurance costs – Albuquerque Business First

September 19, 2013 John Kynor Leave a Comment

With all the recent rains in New Mexico, we felt this was very relevant information about our city.

 

Albuquerque residents who have to buy flood insurance could get a 10 percent discount on their policies because of improvements the city has to its flood prevention and preparedness efforts, Mayor Richard Berry said.

The insurance discounts are a result of favorable rating given to the city’s efforts by the Federal Emergency Management Agency, Berry said. FEMA gave the city a community rating of 8 in the National Flood Insurance program, Berry’s office said in a news release.

“Since 2010, the city has installed 14,000 linear feet of storm drain, removing 130 acres from the flood plan. This means hundreds of property owners don’t need to carry flood insurance anymore which can be costly,” Berry said.

FEMA based its rating on the city’s improved ability to identify impending flood threats and inform the public about those threats.

Dennis Domrzalski Reporter- Albuquerque Business First

 

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Filed Under: Blog, Buying Your Home, Latest News Tagged With: albuquerque real estate, buyers, flood insurance, sellers

About John Kynor

John Kynor is the Founder, CEO & Qualifying Broker of Q Realty®. John has enjoyed over 15 years in Albuquerque real estate and is a multi-million dollar producer. He founded Q Realty® in 2012, which quickly became one of the top real estate companies in Albuquerque ("The Q"). Contact John at John@Qrealty.com with any questions.

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Real estate used to be considered a sales industry and many companies still treat it as such, but not Q Realty®. Consumers do not like the feeling of being “sold” and neither do we. Instead we “serve” and “help” our customers with their real estate needs. As a result of our dedication to first class customer service Q Realty® earned a spot on Albuquerque Business First's list of the top 25 Real Estate Brokerages in New Mexico, as measured by the number of homes sold and the total value of homes sold by each brokerage

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