Garden City residents welcome proposed flood insurance update

Garden City, SC - By Evan Lambert - bio | email

GARDEN CITY, SC (WMBF) - Proposed legislation that would extend the national flood insurance program until 2015 is good news for residents in flood-prone areas of Garden City and across the Grand Strand.

Besides extending the government flood insurance program it also would mean better coverage. For example, the update to the program would allow for up to $335,000 in coverage for a single-family home, up from the current $250,000 maximum.

People looking to buy an insurance policy also would be guaranteed the chance to buy a policy through the 2015 extension period.

Phyllis Melton lives in Garden City just down the street from road signs that clearly spell out the threat of flooding in the area. She remembers clearly the cleanup associated with the flood waters brought by Hurricane Hugo.

"We came down to see what damage we had and we had like two air conditioning units messed up and the water level came up to the top of the foundation," said Melton.

She wouldn't want anyone to have to deal with that damage without insurance and says she welcomes the news of the proposed improvements.

Insurance experts say the changes are generally good for homeowners in areas where flooding is likely, especially for people looking for a policy.

But for those already insured, the new bill won't change much.

"Gonna continue business as usual. You might see a little bump in the road possibly with an increased deductible and there could be some future price adjustments upwards," said Maurice Stephens of Allstate Insurance in Myrtle Beach.

The bill passed in the House and is on its way to the Senate before it can become law.

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