Schumer, Gillibrand, McCarthy Announce FEMA Agrees to Extend Low-Cost ‘Preferred Risk’ Flood Insurance Policies for Nassau County Homeowners

WASHINGTON, D.C. – August 22, 2012 – (RealEstateRama) — U.S. Senators Charles E. Schumer and Kirsten E. Gillibrand and Congresswoman McCarthy announced today that FEMA has agreed to their call for an extension of the low-cost preferred risk flood insurance policies for Nassau County property owners. Under the existing flood insurance program, homeowners who live in an area designated as a flood zone are required to purchase flood insurance.