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It's Never Too Soon to Understand the NFIP's Impact on You

DO NOT WAIT UNTIL THE NEW MAPS ARE IN PLACE TO DETERMINE ITS IMPACT

ON YOU AND YOUR HOME

UNDERSTANDING THE PROGRAM IS IMPORTANT -

UNDERSTANDING ITS IMPACT TO YOUR HOME/PROPERTY IS CRUCIAL

Mandatory insurance is required if your home is placed in a Special Flood Hazard Area and the loan is government insured (i.e. created by a federal-regulated lender). Determining the age of your home, its lowest floor, use of venting, etc. may qualify a borrower for lower premiums, a Preferred Risk Policy or grandfathered rates.

ANY FLOOD DETERMINATION CAN BE DISPUTED, BUT IT IS YOUR RESPONSIBILITY AS A PROPERTY OWNER TO PROVE A MAP ERROR. THIS CAN ONLY BE DONE WITH TECHNICAL DATA.

Initial flood determinations are usually made by HORIZONTAL scaling only from the flood maps. The maps are drawn to a very large scale and errors do exist for many reasons and may still exist on the new DFIRMs. The National Flood Insurance Program understands this and allows for formal challenges; to make any changes, the NFIP requires the collection of technical data to support your claim. This is often done with the use of an Elevation Certificate and either a Letter of Map Amendment or a Letter of Map Revision – Fill. A Professional Land Surveyor can help you with the preparation of these documents.

BE PROACTIVE – IF THE NEW MAPS CHANGE YOUR FLOOD RISK, YOUR PREMIUM WILL BE IMPACTED:

1) IF YOUR HOME IS NOT CURRENTLY IN A SPECIAL FLOOD HAZARD AREA (SFHA) BUT WILL BE PLACED IN A SPECIAL FLOOD HAZARD AREA WHEN THE NEW MAPS BECOME EFFECTIVE (Zone C, B, or X To Zone A or V).

2) IF YOUR HOME IS CURRENTLY IN A SPECIAL FLOOD HAZARD AREA AND THE NEW MAPS WILL PLACE YOUR HOME IN A HIGHER RISK SPECIAL FLOOD HAZARD AREA (Zone A To V).

3) IF YOUR HOME IS CURRENTLY IN A SPECIAL FLOOD HAZARD AREA AND THE NEW MAPS WILL PLACE YOUR HOME IN A LOWER RISK SPECIAL FLOOD HAZARD AREA (Zone V To A).

4) IF YOUR HOME IS CURRENTLY IN A SPECIAL FLOOD HAZARD AREA AND THE NEW MAPS WILL REMOVE YOU FROM A SPECIAL FLOOD HAZARD AREA AND PLACE IT IN A LOW TO MODERATE FLOOD RISK ZONE (Zone A or V To Zone C, B, or X).

IMPORTANT NOTE: 25% of all flood insurance claims happen outside a Special Flood Hazard Area. EVERY home is prone to flood damage, from: storms, design errors, improper uses of the watershed, lack of vegetation, improper permitting, map errors, etc.

KNOW YOUR RISK BEFORE THE NEW FLOOD MAPS ARE IN PLACE!