Do I Need Flood Insurance If I Have An Elevation Certificate

If you live in a high risk flood zone the answer is usually yes you need a flood elevation certificate for your home. We recommend having an elevation certificate on your property when it s in a high risk flood zone like a ae v or ve.

Previously you must understand the background of insurance and get some Do i need flood insurance if i have an elevation certificate references in other articles on this website.

The certificate shows how your property s elevation compares to the base flood elevation on a flood map fema explains.

Do i need flood insurance if i have an elevation certificate. Particularly in high risk areas a flood elevation certificate helps insurance companies more accurately assess your risk of flood. 1 you can get flood insurance through the national flood insurance program nfip without an elevation certificate. If you live in a high risk area for flooding and are purchasing flood insurance through the national flood insurance program nfip you will almost certainly be required to provide an elevation certificate to complete your purchase.

In general a homeowner only needs an elevation certificate if the property is in a high risk area for flooding. If your property is considered high risk of flooding you ll likely need to obtain fema s elevation certificate for your property before you can buy flood insurance. Updated january 16 2020 by mark fitzpatrick.

An elevation certificate documents important features of your property including its location flood zone building characteristics and most importantly the elevation of its lowest floor. Structures that sit at the base flood elevation are considered to have a 1 percent chance of flooding each year. 2 you can purchase a flood insurance policy from a private insurer.

However flood insurance premiums are thousands or tens of thousands of dollars more without one. If you have opted for additional flood insurance coveragein lower risk areas you will also need an elevation certificate for the insurance company to calculate your premium.

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