Show Vernal property properly owners can get lOUD HUD flood insurance The U. U S S. S Department of Housing and Urban Development Develop Development ment announced that effective April 16 Vernal Utah has been accepted into the National Flood Insurance Program This means said paid Acting Federal Insurance Administrator Administrator Ad J J. J Robert Hobert Hunter that individual property properly owners here are now eligible to buy flood insurance protection at affordable subsidized federally rates offering more extensive coverage under the expanded program authorized by the 1073 73 Flood 1100 1 Disaster Protection Act We think the new expanded d National Flood Insurance Program offers the best wa way of protecting property owners from the ravages of floods while easing the burden on the general public he said SINCE FLOOD Insurance is isnow isnow isnow now available he added the law requires that it must be purchased by owners pf of property in areas identified as prone flood-prone by HUD in order to tobe tobe tobe be eligible for virtually all forms of federal or federally federally- related financial assistance for building purposes in those areas This would include FilA or Of orA orVA VA A mortgages loans Joans from the Small Business Administration or loans from any federally federally- regulated or supervised banks A 1 and savings and loans in II in institutions WHILE FLOOD insurance is available to all residents of the community Mr Hunter emphasized em pha sized that the federal economic sanctions against building assistance will not apply to property outside the danger zones Under the expanded program broader coverage can be obtained ob ob- ob tamed for all buildings and their contents The limit of insurance for single family homes is now and for other residential and residential non-residential buildings at the subsidized rate of 25 cents per of coverage Continued on Page 8 A |