Natomas residents must purchase flood insurance before Monday to take advantage of a preferred rate.
Thousands of Natomas residents are being required to purchase flood insurance because of concerns about the condition of the community's levees. While the cost of that insurance is several hundred dollars for one year of coverage, failure to purchase it before Monday will cost homeowners much more.
Property owners who buy a year of flood insurance before Monday can get it at the preferred risk policy rate of about $347. Preferred risk policies are about half the price of standard flood insurance policies.
Anyone with a federally insured or regulated loan must buy the flood insurance. There are about 26,000 property owners in Natomas.
City officials recommend that residents go to the same agent who writes their auto or homeowners insurance and buy flood insurance before Monday. At least one agency, Farmers, is open this weekend to help set up the policies.
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