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What about my flood insurance

Once the flood zone is changed on your property mandatory flood insurance is no longer required by FEMA. You then have 2 choices. First you can cancel your current national flood insurance policy NFIP and obtain a full refund for the current premium year that you have already paid as long as the payment is current and there have […]

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What about my mortgage company

Each mortgage company obtains a flood zone determination prior to the closing of a loan to determine if the property is located in a SFHA. These determinations are done by any company chosen by the lender. If the flood zone determination (right or wrong) comes back and states your property is in a SFHA then by law the lender must require […]

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Why is my property in a flood zone?

Flood maps are issued by The Federal Emergency Management Agency (FEMA) as an end result of a general study of a large area. This study does not evaluate individual properties and is very broad based in nature. These areas are then determined to be Special Flood Hazard Areas (SFHA). A SFHA is an area that has been determined to have […]