November 2017 Flood Map Updates

November 2017 Flood Map Updates

On November 3, 2017, the Federal Emergency Management Agency (FEMA) released revised flood insurance rate maps for select communities in three states: New York, Pennsylvania, and Iowa. The new maps place many homes and buildings in a Special Flood Hazard Area (SFHA), also known as a high-risk flood zone. A flood map reflects a geographic […]

Does your elevation certificate contain errors

Spot Elevation Certificate Errors to Eliminate Unwarranted Flood Insurance Expenses

The National Flood Insurance Program (NFIP) requires an elevation certificate to certify the elevation and other characteristics of a building to determine an actuarially sound flood insurance rate. Errors or omissions lead insurance agents to misrate flood insurance policies, resulting in liability for the surveyor, insurance agent, and most importantly, property owner. Because of elevation […]

Commercial Property Owners Face More NFIP Changes – Leaving a High-risk Flood Zone Designation to Chance Will Cost You

In its recently released Bulletin W15016, the Federal Emergency Management Agency (FEMA) detailed additional changes to the National Flood Insurance Program (NFIP), effective November 1, 2015. Key program changes include the following: Implementation of a procedure to identify business properties in order to implement the 25-percent annual premium increases on Pre-FIRM subsidized business properties; Reformatting […]

Elevation News to Manage Flood Risk – Noteworthy Takeaways from Athens, GA

Elevation plays a critical role in determining flood insurance rates. A couple of feet, a few documentation errors or significant omissions can make a considerable difference in the amount property owners pay for coverage or measures implemented to mitigate flood damage. In an article for the Athens News, insurance, county and commercial property representatives provide […]

Elevation News to Manage Flood Risk – Noteworthy Takeaways from Pinellas County, FL

Elevation plays a critical role in determining flood insurance rates. A couple of feet, a few documentation errors or significant omissions can make a considerable difference in the amount property owners pay for coverage or measures implemented to mitigate flood damage. In an interview with the Pinellas County Property Appraiser’s office, Tim Bryce of the […]

Elevation News to Manage Flood Risk – Noteworthy Takeaways from Miami

Elevation plays a critical role in determining flood insurance rates. A couple of feet, a few documentation errors or significant omissions can make a considerable difference in the amount property owners pay for coverage or measures implemented to mitigate flood damage. The Miami Herald’s Naked Politics FL Blog provides noteworthy takeaways that underscore the importance […]