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 […]
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 […]
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 […]
FEMA Flood Elevation Certificate Service
Is my home located in Flood Hazard Zone? Flood Hazard Zones are typically found in low-lying, river or stream shore areas. FEMA has determined Base Flood Elevations for most Flood Hazard Zones. The Base Flood Elevation is an elevation above the mean sea level which indicates the predicted water surface elevation resulting from a flood […]