![]() If you have any questions or concerns, please feel free contact any member of Henderson Franklin’s Real Estate attorneys at 23. Flood Hazard Boundary Maps identified, on an approximate basis, the areas within a community subject to inundation by the 100-year flood (i.e., Zone A). ![]() Property owners would be wise to consider hiring an attorney to protect their interests before signing on the dotted line. On the other hand, if your building elevation is below the recommended level, it’s a risk aversion question for you: Do you think the risk of flooding and the damage associated with that flooding is worth the insurance premium? If you had a lender, you would have known you were in a flood zone, and the lender would have required you to obtain insurance to protect their collateral. If your elevation is high enough, FEMA might not recommend flood insurance, but it still may be a good idea to purchase it. Zone A is the 100-year floodplain, where the chance of a flood occurring is 1 in any given year, and the area with a 26 chance of flooding during a 30-year. The Federal Emergency Management Agency, or FEMA, has a tool that makes it easy to see if your address is in a flood zone. More specifically, I’d suggest getting an elevation certificate to see if your building elevation puts you at risk of flooding based on FEMA’s Flood Insurance Rate Maps. In terms of local floodplain management programs, possession and use of the appropriate FEMA floodplain map(s) and Flood Insurance Study is a participation.
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