Certifying Flood Status of Commercial Properties with Multiple Structures
In cases where multiple buildings exist on a property involving a mortgage from an FDIC-backed lender each building should be considered by the flood determination. Here’s how we provide that information.
Confirming Flood Status on the Correct Structure: Why an Address Point Isn’t Enough
When determining an accurate flood zone status of a structure, It's critical to ensure the determination is being done on the correct parcel; relying just on an address point doesn’t always work.
How Building Rules Affect Flood Insurance Rating
Flood zone building rules mandated by individual states or local municipalities, such as Freeboard, or NJ’s Inland Flood Protection Rule, can affect flood insurance policy rates.
Understanding the Difference Between Flood Insurance Requirements vs Rating
If there’s one thing homeowners and real estate professionals need to understand about the new Risk Rating 2.0 pricing methodology for calculating flood insurance it’s that flood insurance requirements and flood insurance rates are two separate things, and RR2.0 affects rating, not requirement.
Understanding FEMA Flood Zones
Get a clear breakdown of the different FEMA Flood Zones and how they are clearly designated on our Flood Zone Determination Reports.
How to Order a Flood Zone Determination Report
If you’re looking to confirm or challenge the official flood zone status of any structure nationwide, you’ve come to the right place. Order a certified, insured and structure-based report right on MyFloodStatus.com.
How to Challenge Flood Status in 3 Simple Steps
Challenge your flood status in 3 simple steps. Start with an official Flood Determination Report from MyFloodStatus.
The Benefits of Working with MyFloodStatus Certified Floodplain Managers
Our CFM’s perform in depth analysis to ensure we provide the most reliable and accurate certified flood zone information to our clients.
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…
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.
What Does The Term “100-Year Flood” Mean?
Learn more about 100-year flood zones, common misconceptions, how it affects insurance rates and how to know if you're in one.
The Limitations of Free Flood Resources
In a search for clarity, citizens and industry professionals alike are being drawn to free online resources that are well-meaning but otherwise limited or even flawed. Learn how to get the full, detailed information you need.
6 Things to Know About Flood Risk
Flood risk is often a confusing topic with rampant myths and misunderstandings. Learn 6 key things about flood risk that will help you understand how to protect yourself, your investment and your home.
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.