March 23, 2009

COBRA (Coastal Barrier Resources Act)

Effective October 1, 1983

Purpose is to minimize the loss of human life, wasteful expenditure of Federal revenues, and the damage to fish, wildlife and other natural resources associated with the coastal barriers along the Atlantic and Gulf Coasts by restricting future Federal expenditures and financial assistance which have the effect of encouraging development of coastal barriers, by establishing a Coastal Barrier Resources System, and by considering the means and measures by which the long-term conservation of the fish, wildlife, and other natural resources may be achieved.

The penalty we face is that in COBRA FEMA does not offer Federal Flood Insurance and the private carriers have everyone at their mercy. The obvious result is that those in COBRA pay seriously higher premiums for Flood Insurance.

Basic Areas affected by COBRA in Fort Morgan:

1-    West of Boykin Court on South side of Fort Morgan Road

2-    North side of Fort Morgan Road from +/-3 mile marker to +/-8 miler marker

3-    Morgantown

4-    Northwest corner of Surfside Shores

5-    Kiva Dunes & Gulf Shores Plantation