![]() ![]() You may even find an existing certificate is included with the deed to your property. Your local floodplain manager, the seller of your property, or the builder or developer of your property may have your flood elevation certificate, if it exists, on file. It can save you the cost of obtaining one from scratch. How to get a flood elevation certificateįirst, find out if a flood elevation certificate for your property already exists. Kin does not require a flood elevation certificate to purchase flood insurance. If you purchase private flood insurance instead of an NFIP policy, you may not need an elevation certificate, even in high-risk areas. The elevation certificate provides valuable information about your property that could help to lower your flood insurance premium. Your mortgage is from a federally regulated or insured lender.Įven if you aren’t required to get a flood elevation certificate, you might still want to consider obtaining one. You’re buying an NFIP flood insurance policy. Your home is located in a FEMA-designated Special Flood Hazard Area. Your mortgage lender or insurance company will inform you if you must obtain a flood elevation certificate. When do you need a flood elevation certificate? The further above the BFE your lowest floor is, the less risk you have for flood damage. The BFE is the elevation at which there is an estimated one percent chance of floodwaters reaching in any given year. ![]() The lowest floor elevation is the most important factor affecting your flood insurance premium because it’s compared to the base flood elevation (BFE), as designated by the NFIP, for your location. Depending on your type of home, this may include your basement or garage. Lowest floor elevation: The lowest floor of your property is typically the most vulnerable to flooding. Location and flood zone: The NFIP has named different flood zones and designates whether or not your home is in a high-risk zone.īuilding characteristics: The document notes the features of your property and all of its building characteristics. An elevation certificate documents the following important information about your property: By providing a more complete picture of your property's situation, you ideally receive a flood insurance premium that more accurately reflects your actual risk, and that could potentially lower your premiums if the data is in your favor.įlood elevation certificates are issued by the NFIP, the flood insurance program managed by the Federal Emergency Management Administration (FEMA). The certificate contributes to determining your flood insurance premium by estimating the likelihood that rising floodwaters will reach the lowest floor of your home. The NFIP and flood insurance companies use your risk level as described in your certificate to determine your flood insurance premium. When implemented, the information in a flood elevation certificate helps the National Flood Insurance Program (NFIP), some private flood insurers, and mortgage lenders determine how likely your home is to be damaged by flood waters. It assesses the future risk of your home being affected by a flood by examining, in detail, your property’s: A document that describes your home’s vulnerability to floods that an insurer may use when calculating flood insurance premiums What is an elevation certificate?Ī flood elevation certificate is a document that provides a detailed description of how vulnerable your home is to flooding. ![]()
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