Kelly McCaughey Kelly McCaughey

Is Property ID the Same as Parcel Number?

Is property ID the same as parcel number? While the two terms are often used interchangeably, a Property ID and Parcel Number can serve different purposes. Learn the key differences, how they impact FEMA flood mapping and land records.

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Kelly McCaughey Kelly McCaughey

What is an Elevation Certificate?

Learn what a Flood Elevation Certificate (EC) is, how it affects flood insurance costs, and how it may help remove your property from a high-risk flood zone through a LOMA. MyFloodStatus can provide a new EC or review your existing one to identify potential savings on flood insurance.

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Kelly McCaughey Kelly McCaughey

What Is LAG (Lowest Adjacent Grade)?

Learn what LAG (Lowest Adjacent Grade) means in flood zones and why it matters for homeowners, buyers, sellers, and real estate agents. Discover how LAG impacts flood insurance, property value, and Elevation Certificates.

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Kelly McCaughey Kelly McCaughey

What Does BFE Mean?

Learn what BFE (Base Flood Elevation) means in flood zones and understand how BFE affects flood insurance, flood risk if a property, as well as building requirements.

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Education Kelly McCaughey Education Kelly McCaughey

Flood Zone Myths vs. Facts

Flooding is a serious natural disaster that can cause significant damage, and understanding the truth about flood zones is essential for protecting your home and property. In this blog post, we’ll debunk some common flood zone myths and provide the facts to help you make more informed decisions.

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Education, News Kelly McCaughey Education, News Kelly McCaughey

Understanding Risk Rating 2.0: Requirements vs. Rates

Risk Rating 2.0 is set to go into effect on October 1, 2021 for new flood insurance policyholders and April 1, 2022, for renewal of existing policies, making a direct impact on flood insurance premiums and causing those involved in real estate transactions to have inevitable concerns and questions.

From our perspective, it’s important that real estate agents, buyers, sellers, and current homeowners understand the difference between requirement and rate, and know that RR2.0 is only a change to the…

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Education Kelly McCaughey Education Kelly McCaughey

Challenging Flood Insurance Requirements of Properties in Zone A

Challenging the flood status of a property in an A Zone by submitting a Letter of Map Amendment (LOMA) can be considered a little bit of a “gamble” but it is an entirely worthwhile pursuit, often with a positive outcome for the investor. 

In fact, we regularly request LOMA’s on A Zones, and often the outcome results in removal from the SFHA.

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 The information provided in our site and blog posts is for informative purposes only and is not intended to be legal advice or a legal opinion. For legal advice, please consult an attorney.