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Cheaper federal insurance for LIers added to flood map

Quick ReadThousands will be eligible for lower-cost federal coverage starting in January that could save them $1,000 a year.

Ken Ryan, 31, of Levittown, rakes water into

Photo credit: Danielle Finkelstein | Ken Ryan, 31, of Levittown, rakes water into the drain on Hyacinth Road to decrease flooding near his home. (July 10, 2010)

Thousands of Long Island property owners - added last fall to the new federal high-risk flood zone map and suddenly faced with a whopping flood insurance bill - will be eligible for lower-cost federal coverage starting in January that could save them $1,000 a year.

After a wave of complaints from angry homeowners saying they couldn't afford standard flood insurance policies covering them after...

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