![]() High Risk (Zone A) to Higher Risk (Zone V).You may want to remind your clients that flood insurance is still a sound investment, regardless of the flood zone. Some homeowners may see this as a sign that they no longer need flood insurance. A shift of this type can lower insurance rates and, more importantly, indicate a lower probability of flooding.High Risk (Zones A or V) to Moderate - Low Risk (Zones B, C, X, or D).In this case, a shift to Zone A or V means they will need flood insurance, if their home is financed by a federally backed loan.From a Moderate - Low Risk (Zones B, C, X, or D) to High Risk (Zones A or V).If their flood zone designation changes, it may fall into one of the below situations: If your clients aren’t aware of their current status, you can suggest they look it up using FEMA’s searchable Flood Map Service Center. FEMA Flood Zone maps can change due to factors including construction, terrain changes, weather patterns, and extreme weather. So, what do these changes mean for homeowners?ģ Ways Your Clients’ Flood Zone Can Changeįlood risks can change over time, so it’s important for your clients to know their current flood zone status. The Environmental Protection Agency (EPA) reports, “Rising sea levels inundates low-lying wetlands and dry land, erodes shorelines, contributes to coastal flooding, and increases the flow of salt water into estuaries and nearby groundwater aquifers.” These changes leave coastal communities more vulnerable than ever to the devastation of storms and extreme weather. Across the nation more and more communities are finding themselves now located within SFHAs. “We were aware of Capisic Pond, but we hadn’t even heard of Capisic Brook.” He couldn’t believe that a body of water so small he’d never even noticed it could lead to a flood zone change. Local resident Daniel Calles was shocked to learn that their flood zone rating had been changed. This determination led FEMA not only to update their flood map, but also to recommend that the neighborhood’s homes be elevated on stilts. The neighborhood had always been considered “as high and dry as any place in the city", however FEMA had determined that the nearby Capisic Brook would likely overflow and flood the neighborhood at least once in the next 100 years. Have your clients been shocked to find out that their homes are suddenly located in a special flood hazard area (SFHA) when this was never the case before? In December The Portland Press Herald reported a small neighborhood in Portland experienced this unwelcome surprise.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |