Risk Rating 2.0 is a new tool developed by the Federal Emergency Management Agency (FEMA) for the National Flood Insurance Program (NFIP) to determine whether communities are at risk from flooding.

April 2022 Flood Map Updates: Walworth, Wisconsin

This tool uses a combination of data sources to identify areas where flooding is likely to occur and the same data will also be the basis for your premium rate.

One of the biggest things that this new rating system won't take into account when it comes to premium rates is flood zones. How will this impact these new flood map updates?

Walworth, Wisconsin

Walworth, Wisconsin experienced significant flooding in 2018 and 2019. The floods were caused by a combination of heavy rains and melting snow. The 2018 floods damaged homes, businesses, and infrastructure, and forced many residents to evacuate.

The 2019 floods were even more destructive, causing nearly $2 billion in damage and resulting in the death of one person. In response to the floods, the State of Wisconsin has implemented a number of flood mitigation measures. These measures include constructing levees and floodwalls, dredging rivers and streams, and creating wetlands.

April 2022 Flood Map Updates: Walworth, Wisconsin

However, it is unclear whether these measures will be sufficient to protect against future floods. In 2022, Wisconsin experienced another series of devastating floods. These floods caused $4.5 billion in damage and resulted in the death

This type of history with flooding is only bound to expect to see major flood map changes. Today, we want to talk about the Good, the Bad, and the Ugly changes coming to flood maps of Walworth County, Wisconsin this April 6th, 2022.

The Good

When it comes to the good changes in flood map updates, this generally falls into the "in to out movement". It's called this way because a property that's in a high-risk flood zone will be moved out to a low-risk flood zone like Flood Zone X.

This is a good thing for 151 property owners impacted by this movement in Walworth County. This simply means that your property is being removed from the special flood hazard area (SFHA). This is a significant number because generally, we see fewer properties moving out from a high-risk zone whenever there are new flood insurance rate maps.

This also means that due to the lower risks, your mortgage company will no longer require you to carry flood insurance on your property.

Although we'd love to tell you to cancel that policy, get your refund, and save more money by removing flood insurance from your expenses, it's still a bad idea to not have flood insurance.

The Bad

Now, let's move into the bad changes which are coming in form of the aforementioned "out to in movement". This change is expected to impact only 75 properties in Walworth, Wisconsin. Think of it as getting mapped to a Flood Zone A when you were previously in a Flood Zone X.

Although this doesn't really impact premium rates directly, it's important to note that Flood Zone A generally means that the area doesn't have a base flood elevation.

Being part of this change can still hurt your premium rates regardless of whether you're doing a National Flood Insurance Program (NFIP) policy or a private flood insurance one.

Properties in Flood Zone A, SFHA, or any high-risk zone are also required to carry flood insurance always.

The Ugly

Lastly, we have the ugly change or "in to in movement" which covers the largest impact on this flood map update for the county. At least 2,063 properties will retain their flood zone. This means that if you're in Flood Zone AE, you will stay there until the next flood map update. Think of it as moving from a Flood Zone A to a Flood Zone AE

If you're staying in your flood zone this means that you will also retain the same flood insurance rates since your risks stay the same. On the other hand, if you fall into being moved deeper into the SFHA, which indicates that you're facing a higher risk for flooding, you will also see your premium rates increase significantly.

Now, let's talk about your flood insurance options in Walworth County. Watch the video below to know the difference between the National Flood Insurance Program (NFIP) and the Private Flood Insurance market.

Flood insurance is important now more than ever as we face higher risks for floods. You don't want to be blindsided by all that floodwater and find yourself in a lot of losses.

If you want to learn more about flood insurance in Wisconsin, flood mitigation, or anything related to flood insurance, click below to go to our Flood Learning Center:

Flood Insurance Guru | Service | Knowledge Base

You can also click below to call us:

a person wearing a hat

Risk Rating 2.0 is a new tool developed by the Federal Emergency Management Agency (FEMA) for the National Flood Insurance Program (NFIP) to determine whether communities are at risk from flooding.

This tool uses a combination of data sources to identify areas where flooding is likely to occur and the same data will also be the basis for your premium rate.

April 2022 Flood Map Updates: Surry County, Virginia

One of the biggest things that this new rating system won't take into account when it comes to premium rates is flood zones. However, it is still important to be aware of new flood maps updates as this represents both where flooding can happen and where flood insurance is required.

Surry County

Surry County, Virginia has a long history of flooding. The county is located in the southeastern part of the state, on the Virginia-North Carolina border. The county is home to the Great Dismal Swamp, which is a large wetland that is prone to flooding. The area has also been hit by several hurricanes over the years, which have caused significant flooding.

April 2022 Flood Map Updates: Surry County, Virginia

In recent years, Surry County has been hit by two major floods: one in 2003 and one in 2016. Both of these floods caused significant damage to homes and businesses in the county.

This type of history with flooding is only bound to expect to see major flood map changes. Today, we want to talk about the Good, the Bad, and the Ugly changes coming to flood maps of Surry County, Virginia this April 6th, 2022.

The Good

When it comes to the good changes in flood map updates, this generally falls into the "in to out movement". It's called this way because a property that's in a high-risk flood zone will be moved out to a low-risk flood zone like Flood Zone X.

This is a good thing for only 31 property owners impacted by this movement in Surry County. This simply means that your property is being removed from the special flood hazard area (SFHA).

This also means that due to the lower risks, your mortgage company will no longer require you to carry flood insurance on your property.

Although we'd love to tell you to cancel that policy, get your refund, and save more money by removing flood insurance from your expenses, it's still a bad idea to not have flood insurance.

The Bad

Now, let's move into the bad changes which are coming in form of the aforementioned "out to in movement". This change is expected to impact about 293 properties in Surry County, Virginia. Think of it as getting mapped to a Flood Zone A when you were previously in a Flood Zone X.

Although this doesn't really impact premium rates directly, it's important to note that Flood Zone A generally means that the area doesn't have a base flood elevation.

Being part of this change can still hurt your premium rates regardless of whether you're doing a National Flood Insurance Program (NFIP) policy or a private flood insurance one.

Properties in Flood Zone A, SFHA, or any high-risk zone are also required to carry flood insurance always.

The Ugly

Lastly, we have the ugly change or "in to in movement" which covers the largest impact on this flood map update for the county. At least 968 properties will retain their flood zone. This means that if you're in Flood Zone AE, you will stay there until the next flood map update. Think of it as moving from a Flood Zone A to a Flood Zone AE

If you're staying in your flood zone this means that you will also retain the same flood insurance rates since your risks stay the same. On the other hand, if you fall into being moved deeper into the SFHA, which indicates that you're facing a higher risk for flooding, you will also see your premium rates increase significantly.

April 2022 Flood Map Updates: Surry County, Virginia

Now, let's talk about your flood insurance options in Surry County. Watch the video below to know the difference between the National Flood Insurance Program (NFIP) and the Private Flood Insurance market.

Flood insurance is important now more than ever as we face higher risks for floods. You don't want to be blindsided by all that floodwater and find yourself in a lot of losses.

If you want to learn more about flood insurance in Virginia, flood mitigation, or anything related to flood insurance, click below to go to our Flood Learning Center:

Flood Insurance Guru | Service | Knowledge Base

You can also click below to call us:

a person wearing a hat

Risk Rating 2.0 is a new tool developed by the Federal Emergency Management Agency (FEMA) for the National Flood Insurance Program (NFIP) to determine whether communities are at risk from flooding.

April 2022 Flood Map Update: Harney, Oregon

This tool uses a combination of data sources to identify areas where flooding is likely to occur and the same data will also be the basis for your premium rate.

One of the biggest things that this new rating system won't take into account when it comes to premium rates is flood zones. However, it is still important to be aware of new flood maps updates as this represents both where flooding can happen and where flood insurance is required.

Harney, Oregon

Oregon may not be the first place that comes to mind when you think of floods, but the state has a long and storied history with this natural disaster. From the massive flood of 1862 that destroyed much of downtown Portland to the devastating floods that have struck in recent years, Oregonians know all too well how destructive flooding can be.

April 2022 Flood Map Update: Harney, Oregon

If you're concerned about your home's risk of flooding, it's important to understand your area's history and what steps you can take to protect your property.

Today, we want to talk about the Good, the Bad, and the Ugly changes coming to flood maps of Harney County, Oregon this April 20th, 2022.

The Good

When it comes to the good changes in flood map updates, this generally falls into the "in to out movement". It's called this way because a property that's in a high-risk flood zone will be moved out to a low-risk flood zone like Flood Zone X.

This is a good thing for 486 property owners impacted by this movement in Harney County. This simply means that your property is being removed from the special flood hazard area (SFHA). This is somewhat unexpected because generally, we see fewer properties moving out from a high-risk zone whenever there are new flood insurance rate maps.

This also means that due to the lower risks, your mortgage company will no longer require you to carry flood insurance on your property.

Although we'd love to tell you to cancel that policy, get your refund, and save more money by removing flood insurance from your expenses, it's still a bad idea to not have flood insurance.

The Bad

Now, let's move into the bad changes which are coming in form of the aforementioned "out to in movement". This change is expected to impact only 320 properties in Harney, Oregon. Think of it as getting mapped to a Flood Zone A when you were previously in a Flood Zone X.

Although this doesn't really impact premium rates directly, it's important to note that Flood Zone A generally means that the area doesn't have a base flood elevation.

Being part of this change can still hurt your premium rates regardless of whether you're doing a National Flood Insurance Program (NFIP) policy or a private flood insurance one.

Properties in Flood Zone A, SFHA, or any high-risk zone are also required to carry flood insurance always.

The Ugly

Lastly, we have the ugly change or "in to in movement" which covers the largest impact on this flood map update for the county. At least 3,052 properties will retain their flood zone. This means that if you're in Flood Zone AE, you will stay there until the next flood map update. Think of it as moving from a Flood Zone A to a Flood Zone AE

If you're staying in your flood zone this means that you will also retain the same flood insurance rates since your risks stay the same. On the other hand, if you fall into being moved deeper into the SFHA, which indicates that you're facing a higher risk for flooding, you will also see your premium rates increase significantly.

April 2022 Flood Map Update: Harney, Oregon

Now, let's talk about your flood insurance options in Harney County. Watch the video below to know the difference between the National Flood Insurance Program (NFIP) and the Private Flood Insurance market.

Flood insurance is important now more than ever as we face higher risks for floods. You don't want to be blindsided by all that floodwater and find yourself in a lot of losses.

If you want to learn more about flood insurance in Oregon, flood mitigation, or anything related to flood insurance, click below to go to our Flood Learning Center:

Flood Insurance Guru | Service | Knowledge Base

You can also click below to call us:

a person wearing a hat

Risk Rating 2.0 is a new tool developed by the Federal Emergency Management Agency (FEMA) for the National Flood Insurance Program (NFIP) to determine whether communities are at risk from flooding.

April 2022 Flood Map Updates: Charles City, Virginia

This tool uses a combination of data sources to identify areas where flooding is likely to occur and the same data will also be the basis for your premium rate.

One of the biggest things that this new rating system won't take into account when it comes to premium rates is flood zones. However, it is still important to be aware of new flood maps updates as this represents both where flooding can happen and where flood insurance is required.

Charles City, Virginia

Floods in Charles City Virginia are a common occurrence. The city is situated on the banks of the James River, which is prone to flooding. In recent years, the city has experienced several floods, including one in 2018 that caused significant damage to homes and businesses.

flooding can occur at any time of year but is most common during the spring and summer months when the river is swollen from melting snow and heavy rains. Flooding can also occur during hurricanes and other severe weather events.

April 2022 Flood Map Updates: Charles City, Virginia

When floods do occur, they can cause extensive damage to property and infrastructure. In some cases, people have had to be evacuated from their homes. If you live in or around Charles City, it's important to be prepared for floods.

Today, we want to talk about the Good, the Bad, and the Ugly changes coming to flood maps of Charles City County, Virginia this April 20th, 2022.

April 2022 Flood Map Updates: Charles City, Virginia

The Good

When it comes to the good changes in flood map updates, this generally falls into the "in to out movement". It's called this way because a property that's in a high-risk flood zone will be moved out to a low-risk flood zone like Flood Zone X.

This is a good thing for only 14 property owners impacted by this movement in Charles City County. This simply means that your property is being removed from the special flood hazard area (SFHA).

This also means that due to the lower risks, your mortgage company will no longer require you to carry flood insurance on your property.

Although we'd love to tell you to cancel that policy, get your refund, and save more money by removing flood insurance from your expenses, it's still a bad idea to not have flood insurance.

The Bad

Now, let's move into the bad changes which are coming in form of the aforementioned "out to in movement". This change is expected to impact only 430 properties in Charles City, Virginia. Think of it as getting mapped to a Flood Zone A when you were previously in a Flood Zone X.

Although this doesn't really impact premium rates directly, it's important to note that Flood Zone A generally means that the area doesn't have a base flood elevation.

Being part of this change can still hurt your premium rates regardless of whether you're doing a National Flood Insurance Program (NFIP) policy or a private flood insurance one.

Properties in Flood Zone A, SFHA, or any high-risk zone are also required to carry flood insurance always.

The Ugly

Lastly, we have the ugly change or "in to in movement" which covers the largest impact on this flood map update for the county. At least 648 properties will retain their flood zone. This means that if you're in Flood Zone AE, you will stay there until the next flood map update. Think of it as moving from a Flood Zone A to a Flood Zone AE

If you're staying in your flood zone this means that you will also retain the same flood insurance rates since your risks stay the same. On the other hand, if you fall into being moved deeper into the SFHA, which indicates that you're facing a higher risk for flooding, you will also see your premium rates increase significantly.

Now, let's talk about your flood insurance options in Charles City County. Watch the video below to know the difference between the National Flood Insurance Program (NFIP) and the Private Flood Insurance market.

Flood insurance is important now more than ever as we face higher risks for floods. You don't want to be blindsided by all that floodwater and find yourself in a lot of losses.

If you want to learn more about flood insurance in Virginia, flood mitigation, or anything related to flood insurance, click below to go to our Flood Learning Center:

Flood Insurance Guru | Service | Knowledge Base

You can also click below to call us:

a person wearing a hat

As the storms keep coming, the changes to federal flood insurance come with it as well. Today, we want to unpack the upcoming changes to Flood Insurance Rate Maps (FIRM) to one of the cities with a rich agricultural history, Saint Petersburg, Florida.

Florida Flood Insurance: St. Petersburg Flood Maps of August 2021

We will understand the good, the bad, and the ugly changes coming to this town and what it means for flood insurance for its locals.

Saint Petersburg, Florida

When talking about the Sunshine State and floods, the first thing you might think about is how it has become a hotbed for storms and tornadoes due to its coastal nature. At the time of writing this blog, Florida is being devastated by floods due to severe storms moving in Southern areas of Florida.

Today, we want to unpack the upcoming flood map changes to Saint Petersburg (FL) and although zone designation Flood Insurance Rate Map (FIRM) won't really impact your flood insurance rates with the Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP), it's important to always keep in mind that this will be used for a regulatory standpoint.

Generally, this still means that if you're in a high-risk flood zone, also known as the special flood hazard areas (SFHA), you're still expected to carry mandatory flood insurance for your property.

You can watch our video on Saint Petersburg flood insurance rate maps update below while reading:

So what are the upcoming changes to Saint Petersburg on August 24th, 2021?

Florida Flood Insurance: St. Petersburg Flood Maps of August 2021

The Good

When it comes to good changes with this new flood map update, we'll be talking about the movement of properties impacted in the city. The good change generally means that buildings and houses that will be getting the best deal out of the floodplain mapping that FEMA is producing.

To be more specific, about 8,216 property owners will have their properties move out of a high-risk flood zone and into the low-risk flood zones. This is what FEMA calls the "in to out" movement. Some would call this moving to a Flood Zone X.

Low-risk flood zones are also known as the preferred flood zone or non-mandatory zones since this is where mortgage companies and the federal government would stop requiring homeowners to purchase flood insurance.

Yes, this means that 8,216 property owners can choose not to purchase flood insurance for their property however, fair warning to everyone, FEMA had constantly reported that 30% of the flood insurance claims come from these low-risk flood areas.

Simply put, this means that you're not really exempted from experiencing floods at all. We've covered this in our previous episode when we talked about the reasons why you might be flooded in a low-risk zone.

The Bad

Now, if there's good news, there's also bad news. This comes in the form of the opposite with the good movement that we're seeing which is what FEMA calls the "out to in" movement. This is generally because your property that wasn't in a high-risk zone or special flood hazard area (SFHA) will be moved into the SFHA and high-risk zones. Some would call this moving from Flood Zone X to Flood Zone A.

Only 4,164 properties will be impacted by this change in FEMA Flood Maps to Saint Petersburg. This is bad for a couple of reasons. One, since FEMA and the National Flood Insurance Program (NFIP) runs through a lot of flood data, they are seeing that your property or the general area that it's in has received an increase in current flood risk as well future flood risk.

Another bad thing about this is that you will be required to start carrying a mandatory flood insurance purchase for your property because of the higher risks it's presenting. Let's be honest, being in a high-risk flood zone or the SFHA can be very expensive when it comes to flood insurance premiums in our current NFIP setup especially if you have a relatively bigger or more expensive property.

The Ugly

Lastly, we still have to discuss the biggest change and the ugliest among these three. The ugly change represents the "in to in" movement. This means that a property that's already in a high-risk flood zone will be mapped into a higher-risk flood zone. You can call this "moving from Flood Zone A to Flood Zone AE".

This will impact about 152,572 properties in Saint Petersburg which is a very huge number. In fact, we rarely see an "in to in" movement that comprises the biggest chunk within these three changes.

However, instead of worrying about a possible flood insurance rate increase (which will disappear by the time NFIP Risk Rating 2.0 kicks in), this simply means that when something like Tropical Storm Elsa happens again, you might face a bigger and more severe flood damage to your property.

Like the bad change, this also means that you have to carry a flood insurance policy on your property to make sure that it's protected at all times. This can also mean higher flood premiums in the current version of the National Flood Insurance Program (NFIP) for when you insure your property and since this will be a mandatory flood insurance purchase, you definitely have to prepare your wallet for it.

There are ways to make these bad and ugly changes easier to manage, however. This starts with your preferred flood insurance option: the National Flood Insurance Program (NFIP) or the Private Flood market. Let's talk more about these two.

Florida Flood Insurance: St. Petersburg Flood Maps of August 2021

The NFIP

The National Flood Insurance Program (NFIP) is purely managed by the federal government since this is FEMA's answer to flood insurance. An NFIP flood policy can get you flood coverage on both your dwelling and the contents within it. When we say dwelling, this simply pertains to either the residential property or commercial building that you're trying to insure with NFIP and FEMA; contents will be more about the personal property and items you have inside the insured building.

There is a coverage limit when it comes to federal flood policies. Flood damage to buildings will be covered to a maximum of $250,000 for residential policies and can only go up to $500,000 maximum if it's for a commercial property. Regardless of the type of property you have written, you can expect to get a $100,000 maximum contents coverage from an NFIP policy.

There's also what's called the Increased Cost of Compliance (ICC) coverage. This is a $30,000 additional coverage for your property in order to make sure that there are flood mitigation efforts made on the property according to the federal government's standards.

Generally, this can include sandbagging your property, installing floodproofing walls, raising your lowest floor from the base flood elevation levels, and putting flood openings. The labor that goes into making these mitigation efforts happen will also be covered under the ICC.

Florida Flood Insurance: St. Petersburg Flood Maps of August 2021

The good thing about the NFIP and FEMA is that they won't really push you immediately to the waters. Instead, they will allow you to ease into the possible flood insurance rate changes you'll be getting with your new flood zone. This is what's called newly mapped rates where FEMA will have you pay a lower flood rate or premium on your first year after the flood map update. This is also known as the Preferred Risk Policy (PRP) and will slowly start to increase until you meet the actual flood insurance premium expected to be paid for in your new flood zone.

There are also perks with your participating community in Saint Petersburg. A participating community gets access to federal flood insurance and disaster assistance, but more importantly, you also get to work with your community on raising your Community Rating System (CRS) score. The CRS measures and rewards the overall flood mitigation efforts done by the community according to FEMA's standards on floodplain management. Simply put, the higher your CRS score is, the bigger the flood insurance discount you'll get from FEMA and the NFIP.

You can start enjoying your NFIP policy after a 30-day waiting period from the flood insurance purchase.

Florida Flood Insurance: St. Petersburg Flood Maps of August 2021

The Private Flood

If the federal flood insurance option doesn't really work for you then you can manage this new floodplain mapping through the private flood insurance market. It's important to note that this market will solely be managed and provided by private insurance companies which generally means that the red tapes FEMA and NFIP has to go through won't be there.

The first thing you'll immediately see with the private flood market is that there are significantly shorter waiting periods for your flood policy. Once you have everything settled and paid for, a private flood insurance policy can take effect on 7 or up to 14 days maximum. 

Another good thing coming out of private flood insurance is that there are no coverage limits. This means that you won't really need to stress over how to get covered for a $500,000 home since it will be fully covered by your policy. This is the same with contents coverage and you'll also get additional coverages like replacement costs, additional living expenses, and loss of use.

Fair warning, it's a known issue in the private insurance market in general that they will do moratoriums when there are risks that are too high for their comforts. This simply means that they will either put a stop or take a break from providing flood insurance policies to a certain area that has higher risks. There's also a chance that you might not get to buy flood insurance from them once they decide to non-renew your policy.

At the end of the day, the choice of where you'll be getting flood insurance depends on you. What's really important is that you know your flood risks and have enough protection from all possible outcomes of a flood event such as flood loss and flood damage.

Get a quote from the Flood Insurance Guru!

If you have questions on these new FEMA flood maps, maybe you want to determine your flood zone, knowing your area's average flood depths and flood data, or anything about flood, reach out to us by clicking below.

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Remember, we have an educational background in flood mitigation and we want to help you understand flood risks, your flood insurance, and mitigating your property long-term. 

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As the storms keep coming, the changes to federal flood insurance come with it as well. Today, we want to unpack the upcoming changes to Flood Insurance Rate Maps (FIRM) to one of the cities with a rich agricultural history, Hart, Michigan.

Michigan Flood Insurance: Hart Flood Map Updates for August 2021

We will understand the good, the bad, and the ugly changes coming to this town and what it means for flood insurance for its locals.

Hart, Michigan

One of the most resounding memory, when you talk about floods and Hart, was what happened in 2017 when the Tuolumne River rose and inundated most of the areas in the city. Just recently this year, we also saw flooding due to storms that also knocked down trees.

Today, we want to unpack the upcoming flood map changes to Hart (MI) and although zone designation Flood Insurance Rate Map (FIRM) won't really impact your flood insurance rates with the Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP), it's important to always keep in mind that this will be used for a regulatory standpoint.

Generally, this still means that if you're in a high-risk flood zone, also known as the special flood hazard areas (SFHA), you're still expected to carry mandatory flood insurance for your property.

You can watch our video on Hart flood insurance rate maps update below while reading:

So what are the upcoming changes to Hart City on August 24th, 2021?

Michigan Flood Insurance: Hart Flood Map Updates for August 2021

The Good

When it comes to good changes with this new flood map update, we'll be talking about the movement of properties impacted in the city. The good change generally means that buildings and houses that will be getting the best deal out of the floodplain mapping that FEMA is producing.

To be more specific, about 28 property owners will have their properties move out of a high-risk flood zone and into the low-risk flood zones. This is what FEMA calls the "in to out" movement. Some would call this moving to a Flood Zone X.

Low-risk flood zones are also known as the preferred flood zone or non-mandatory zones since this is where mortgage companies and the federal government would stop requiring homeowners to purchase flood insurance.

Yes, this means that 28 property owners can choose not to purchase flood insurance for their property however, fair warning to everyone, FEMA had constantly reported that 30% of the flood insurance claims come from these low-risk flood areas.

Simply put, this means that you're not really exempted from experiencing floods at all. We've covered this in our previous episode when we talked about the reasons why you might be flooded in a low-risk zone.

The Bad

Now, if there's good news, there's also bad news. This comes in the form of the opposite with the good movement that we're seeing which is what FEMA calls the "out to in" movement. This is generally because your property that wasn't in a high-risk zone or special flood hazard area (SFHA) will be moved into the SFHA and high-risk zones. Some would call this moving from Flood Zone X to Flood Zone A.

Only 289 properties will be impacted by this change in FEMA Flood Maps to Hart. This is bad for a couple of reasons. One, since FEMA and the National Flood Insurance Program (NFIP) runs through a lot of flood data, they are seeing that your property or the general area that it's in has received an increase in current flood risk as well future flood risk.

Another bad thing about this is that you will be required to start carrying a mandatory flood insurance purchase for your property because of the higher risks it's presenting. Let's be honest, being in a high-risk flood zone or the SFHA can be very expensive when it comes to flood insurance premiums in our current NFIP setup especially if you have a relatively bigger or more expensive property.

The Ugly

Lastly, we still have to discuss the biggest change and the ugliest among these three. The ugly change represents the "in to in" movement. This means that a property that's already in a high-risk flood zone will be mapped into a higher-risk flood zone. You can call this "moving from Flood Zone A to Flood Zone AE".

This will impact about 1,813 properties in Hart which is a very huge number. In fact, we rarely see an "in to in" movement that comprises the biggest chunk within these three changes. However, instead of worrying about a possible flood insurance rate increase (which will disappear by the time NFIP Risk Rating 2.0 kicks in), this simply means that when something like Tropical Storm Elsa happens again, you might face a bigger and more severe flood damage to your property.

Like the bad change, this also means that you have to carry a flood insurance policy on your property to make sure that it's protected at all times. This can also mean higher flood premiums in the current version of the National Flood Insurance Program (NFIP) for when you insure your property and since this will be a mandatory flood insurance purchase, you definitely have to prepare your wallet for it.

There are ways to make these bad and ugly changes easier to manage, however. This starts with your preferred flood insurance option: the National Flood Insurance Program (NFIP) or the Private Flood market. Let's talk more about these two.

Michigan Flood Insurance: Hart Flood Map Updates for August 2021

The NFIP

The National Flood Insurance Program (NFIP) is purely managed by the federal government since this is FEMA's answer to flood insurance. An NFIP flood policy can get you flood coverage on both your dwelling and the contents within it. When we say dwelling, this simply pertains to either the residential property or commercial building that you're trying to insure with NFIP and FEMA; contents will be more about the personal property and items you have inside the insured building.

There is a coverage limit when it comes to federal flood policies. Flood damage to buildings will be covered to a maximum of $250,000 for residential policies and can only go up to $500,000 maximum if it's for a commercial property. Regardless of the type of property you have written, you can expect to get a $100,000 maximum contents coverage from an NFIP policy.

There's also what's called the Increased Cost of Compliance (ICC) coverage. This is a $30,000 additional coverage for your property in order to make sure that there are flood mitigation efforts made on the property according to the federal government's standards.

Generally, this can include sandbagging your property, installing floodproofing walls, raising your lowest floor from the base flood elevation levels, and putting flood openings. The labor that goes into making these mitigation efforts happen will also be covered under the ICC.

Michigan Flood Insurance: Hart Flood Map Updates for August 2021

The good thing about the NFIP and FEMA is that they won't really push you immediately to the waters. Instead, they will allow you to ease into the possible flood insurance rate changes you'll be getting with your new flood zone. This is what's called newly mapped rates where FEMA will have you pay a lower flood rate or premium on your first year after the flood map update. This is also known as the Preferred Risk Policy (PRP) and will slowly start to increase until you meet the actual flood insurance premium expected to be paid for in your new flood zone.

There are also perks with your participating community in Hart. A participating community gets access to federal flood insurance and disaster assistance, but more importantly, you also get to work with your community on raising your Community Rating System (CRS) score. The CRS measures and rewards the overall flood mitigation efforts done by the community according to FEMA's standards on floodplain management. Simply put, the higher your CRS score is, the bigger the flood insurance discount you'll get from FEMA and the NFIP.

You can start enjoying your NFIP policy after a 30-day waiting period from the flood insurance purchase.

Michigan Flood Insurance: Hart Flood Map Updates for August 2021

The Private Flood

If the federal flood insurance option doesn't really work for you then you can manage this new floodplain mapping through the private flood insurance market. It's important to note that this market will solely be managed and provided by private insurance companies which generally means that the red tapes FEMA and NFIP has to go through won't be there.

The first thing you'll immediately see with the private flood market is that there are significantly shorter waiting periods for your flood policy. Once you have everything settled and paid for, a private flood insurance policy can take effect on the same day or up to 14 days maximum. 

Another good thing coming out of private flood insurance is that there are no coverage limits. This means that you won't really need to stress over how to get covered for a $500,000 home since it will be fully covered by your policy. This is the same with contents coverage and you'll also get additional coverages like replacement costs, additional living expenses, and loss of use.

Fair warning, it's a known issue in the private insurance market in general that they will do moratoriums when there are risks that are too high for their comforts. This simply means that they will either put a stop or take a break from providing flood insurance policies to a certain area that has higher risks. There's also a chance that you might not get to buy flood insurance from them once they decide to non-renew your policy.

At the end of the day, the choice of where you'll be getting flood insurance depends on you. What's really important is that you know your flood risks and have enough protection from all possible outcomes of a flood event such as flood loss and flood damage.

Get a quote from the Flood Insurance Guru!

If you have questions on these new FEMA flood maps, maybe you want to determine your flood zone, knowing your area's average flood depths and flood data, or anything about flood, reach out to us by clicking below.

Get Your Flood Risk Score Here!

Contact Us

Remember, we have an educational background in flood mitigation and we want to help you understand flood risks, your flood insurance, and mitigating your property long-term. 

Buy Flood Insurance Now!

As the storms keep coming, the changes to federal flood insurance come with it as well. Today, we want to unpack the upcoming changes to Flood Insurance Rate Maps (FIRM) to one of the cities with a rich agricultural history, Modest, California.

California Flood Insurance: Modesto Flood Map Updates for August 2021

We will understand the good, the bad, and the ugly changes coming to this town and what it means for flood insurance for its locals.

Modesto, CA

One of the most resounding memory, when you talk about floods and Modesto, was what happened in 2017 when the Tuolumne River rose and inundated most of the areas in the city. Just recently this year, we also saw flooding due to storms that also knocked down trees.

Today, we want to unpack the upcoming flood map changes to Modesto (CA) and although zone designation Flood Insurance Rate Map (FIRM) won't really impact your flood insurance rates with the Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP), it's important to always keep in mind that this will be used for a regulatory standpoint.

Generally, this still means that if you're in a high-risk flood zone, also known as the special flood hazard areas (SFHA), you're still expected to carry mandatory flood insurance for your property.

You can watch our video on Modesto flood insurance rate maps update below while reading:

So what are the upcoming changes to Modesto City on August 24th, 2021?

Arizona Flood Insurance: Prescott Flood Map Updates for August 2021.

The Good

When it comes to good changes with this new flood map update, we'll be talking about the movement of properties impacted in the city. The good change generally means that buildings and houses that will be getting the best deal out of the floodplain mapping that FEMA is producing.

To be more specific, about 100 property owners will have their properties move out of a high-risk flood zone and into the low-risk flood zones. This is what FEMA calls the "in to out" movement. Some would call this moving to a Flood Zone X.

Low-risk flood zones are also known as the preferred flood zone or non-mandatory zones since this is where mortgage companies and the federal government would stop requiring homeowners to purchase flood insurance.

Yes, this means that 100 property owners can choose not to purchase flood insurance for their property however, fair warning to everyone, FEMA had constantly reported that 30% of the flood insurance claims come from these low-risk flood areas.

Simply put, this means that you're not really exempted from experiencing floods at all. We've covered this in our previous episode when we talked about the reasons why you might be flooded in a low-risk zone.

The Bad

Now, if there's good news, there's also bad news. This comes in the form of the opposite with the good movement that we're seeing which is what FEMA calls the "out to in" movement. This is generally because your property that wasn't in a high-risk zone or special flood hazard area (SFHA) will be moved into the SFHA and high-risk zones. Some would call this moving from Flood Zone X to Flood Zone A.

Only 333 properties will be impacted by this change in FEMA Flood Maps to Modesto. This is bad for a couple of reasons. One, since FEMA and the National Flood Insurance Program (NFIP) runs through a lot of flood data, they are seeing that your property or the general area that it's in has received an increase in current flood risk as well future flood risk.

Another bad thing about this is that you will be required to start carrying a mandatory flood insurance purchase for your property because of the higher risks it's presenting. Let's be honest, being in a high-risk flood zone or the SFHA can be very expensive when it comes to flood insurance premiums in our current NFIP setup especially if you have a relatively bigger or more expensive property.

The Ugly

Lastly, we still have to discuss the biggest change and the ugliest among these three. The ugly change represents the "in to in" movement. This means that a property that's already in a high-risk flood zone will be mapped into a higher-risk flood zone. You can call this "moving from Flood Zone A to Flood Zone AE".

This will impact about 2,357 properties in Modesto which is a very huge number. In fact, we rarely see an "in to in" movement that comprises the biggest chunk within these three changes. However, instead of worrying about a possible flood insurance rate increase (which will disappear by the time NFIP Risk Rating 2.0 kicks in), this simply means that when something like Tropical Storm Elsa happens again, you might face a bigger and more severe flood damage to your property.

Like the bad change, this also means that you have to carry a flood insurance policy on your property to make sure that it's protected at all times. This can also mean higher flood premiums in the current version of the National Flood Insurance Program (NFIP) for when you insure your property and since this will be a mandatory flood insurance purchase, you definitely have to prepare your wallet for it.

There are ways to make these bad and ugly changes easier to manage, however. This starts with your preferred flood insurance option: the National Flood Insurance Program (NFIP) or the Private Flood market. Let's talk more about these two.

California Flood Insurance: Modesto Flood Map Updates for August 2021

The NFIP

The National Flood Insurance Program (NFIP) is purely managed by the federal government since this is FEMA's answer to flood insurance. An NFIP flood policy can get you flood coverage on both your dwelling and the contents within it. When we say dwelling, this simply pertains to either the residential property or commercial building that you're trying to insure with NFIP and FEMA; contents will be more about the personal property and items you have inside the insured building.

There is a coverage limit when it comes to federal flood policies. Flood damage to buildings will be covered to a maximum of $250,000 for residential policies and can only go up to $500,000 maximum if it's for a commercial property. Regardless of the type of property you have written, you can expect to get a $100,000 maximum contents coverage from an NFIP policy.

There's also what's called the Increased Cost of Compliance (ICC) coverage. This is a $30,000 additional coverage for your property in order to make sure that there are flood mitigation efforts made on the property according to the federal government's standards.

Generally, this can include sandbagging your property, installing floodproofing walls, raising your lowest floor from the base flood elevation levels, and putting flood openings. The labor that goes into making these mitigation efforts happen will also be covered under the ICC.

Arizona Flood Insurance: Prescott Flood Map Updates for August 2021.

The good thing about the NFIP and FEMA is that they won't really push you immediately to the waters. Instead, they will allow you to ease into the possible flood insurance rate changes you'll be getting with your new flood zone. This is what's called newly mapped rates where FEMA will have you pay a lower flood rate or premium on your first year after the flood map update. This is also known as the Preferred Risk Policy (PRP) and will slowly start to increase until you meet the actual flood insurance premium expected to be paid for in your new flood zone.

There are also perks with your participating community in Modesto. A participating community gets access to federal flood insurance and disaster assistance, but more importantly, you also get to work with your community on raising your Community Rating System (CRS) score. The CRS measures and rewards the overall flood mitigation efforts done by the community according to FEMA's standards on floodplain management. Simply put, the higher your CRS score is, the bigger the flood insurance discount you'll get from FEMA and the NFIP.

You can start enjoying your NFIP policy after a 30-day waiting period from the flood insurance purchase.

California Flood Insurance: Modesto Flood Map Updates for August 2021

The Private Flood

If the federal flood insurance option doesn't really work for you then you can manage this new floodplain mapping through the private flood insurance market. It's important to note that this market will solely be managed and provided by private insurance companies which generally means that the red tapes FEMA and NFIP has to go through won't be there.

The first thing you'll immediately see with the private flood market is that there are significantly shorter waiting periods for your flood policy. Once you have everything settled and paid for, a private flood insurance policy can take effect on the same day or up to 14 days maximum. 

Another good thing coming out of private flood insurance is that there are no coverage limits. This means that you won't really need to stress over how to get covered for a $500,000 home since it will be fully covered by your policy. This is the same with contents coverage and you'll also get additional coverages like replacement costs, additional living expenses, and loss of use.

Fair warning, it's a known issue in the private insurance market in general that they will do moratoriums when there are risks that are too high for their comforts. This simply means that they will either put a stop or take a break from providing flood insurance policies to a certain area that has higher risks. There's also a chance that you might not get to buy flood insurance from them once they decide to non-renew your policy.

At the end of the day, the choice of where you'll be getting flood insurance depends on you. What's really important is that you know your flood risks and have enough protection from all possible outcomes of a flood event such as flood loss and flood damage.

Get a quote from the Flood Insurance Guru!

If you have questions on these new FEMA flood maps, maybe you want to determine your flood zone, knowing your area's average flood depths and flood data, or anything about flood, reach out to us by clicking below.

Get Your Flood Risk Score Here!

Contact Us

Remember, we have an educational background in flood mitigation and we want to help you understand flood risks, your flood insurance, and mitigating your property long-term. 

Buy Flood Insurance Now!

As the storms keep coming, the changes to federal flood insurance come with it as well. Today, we want to unpack the upcoming changes to Flood Insurance Rate Maps (FIRM) in Everybody's Home Town, Prescott, Arizona. We will understand the good, the bad, and the ugly changes coming to this town and what it means for flood insurance for its locals.

Arizona Flood Insurance: Prescott Flood Map Updates for August 2021.

Prescott, AZ

Prescott is no stranger to flooding especially when we talk about more pluvial ones like flash flooding due to rainfall. Earlier this month, Yavapai County and the Prescott Valley faced heavy rainfall that immediately caused flooding to these two areas.

At the time of writing, multiple areas of Arizona like Phoenix and Prescott itself are under a flood watch warning due to the expected continuous rainfall from Hurricane Ida.

Today, we want to unpack the upcoming flood map changes to Prescott Arizona and although zone designation Flood Insurance Rate Map (FIRM) won't really impact your flood insurance rates with the Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP), it's important to always keep in mind that this will be used for a regulatory standpoint.

Generally, this still means that if you're in a high-risk flood zone, also known as the special flood hazard areas (SFHA), you're still expected to carry mandatory flood insurance for your property.

So what are the upcoming changes to Prescott City on August 24th, 2021?

Arizona Flood Insurance: Prescott Flood Map Updates for August 2021.

The Good

When it comes to good changes with this new flood map update, we'll be talking about the movement of properties impacted in the city. The good change generally means that buildings and houses that will be getting the best deal out of the floodplain mapping that FEMA is producing.

To be more specific, about 107 property owners will have their properties move out of a high-risk flood zone and into the low-risk flood zones. This is what FEMA calls the "in to out" movement. Some would call this moving to a Flood Zone X.

Low-risk flood zones are also known as the preferred flood zone or non-mandatory zones since this is where mortgage companies and the federal government would stop requiring homeowners to purchase flood insurance.

Yes, this means that 107 property owners can choose not to purchase flood insurance for their property however, fair warning to everyone, FEMA had constantly reported that 30% of the flood insurance claims come from these low-risk flood areas.

Simply put, this means that you're not really exempted from experiencing floods at all. We've covered this in our previous episode when we talked about the reasons why you might be flooded in a low-risk zone.

The Bad

Now, if there's good news, there's also bad news. This comes in the form of the opposite with the good movement that we're seeing which is what FEMA calls the "out to in" movement. This is generally because your property that wasn't in a high-risk zone or special flood hazard area (SFHA) will be moved into the SFHA and high-risk zones. Some would call this moving from Flood Zone X to Flood Zone A.

Only 11 properties will be impacted by this change in FEMA Flood Maps to Prescott. This is bad for a couple of reasons. One, since FEMA and the National Flood Insurance Program (NFIP) runs through a lot of flood data, they are seeing that your property or the general area that it's in has received an increase in current flood risk as well future flood risk.

Another bad thing about this is that you will be required to start carrying a mandatory flood insurance purchase for your property because of the higher risks it's presenting. Let's be honest, being in a high-risk flood zone or the SFHA can be very expensive when it comes to flood insurance premiums in our current NFIP setup especially if you have a relatively bigger or more expensive property.

The Ugly

Lastly, we still have to discuss the biggest change and the ugliest among these three. The ugly change represents the "in to in" movement. This means that a property that's already in a high-risk flood zone will be mapped into a higher-risk flood zone. You can call this "moving from Flood Zone A to Flood Zone AE".

This will impact about 2,899 properties in Prescott which is a very huge number. In fact, we rarely see an "in to in" movement that comprises the biggest chunk within these three changes. However, instead of worrying about a possible flood insurance rate increase (which will disappear by the time NFIP Risk Rating 2.0 kicks in), this simply means that when something like Tropical Storm Elsa happens again, you might face a bigger and more severe flood damage to your property.

Like the bad change, this also means that you have to carry a flood insurance policy on your property to make sure that it's protected at all times. This can also mean higher flood premiums in the current version of the National Flood Insurance Program (NFIP) for when you insure your property and since this will be a mandatory flood insurance purchase, you definitely have to prepare your wallet for it.

There are ways to make these bad and ugly changes easier to manage, however. This starts with your preferred flood insurance option: the National Flood Insurance Program (NFIP) or the Private Flood market. Let's talk more about these two.

Arizona Flood Insurance: Prescott Flood Map Updates for August 2021.

The NFIP

The National Flood Insurance Program (NFIP) is purely managed by the federal government since this is FEMA's answer to flood insurance. An NFIP flood policy can get you flood coverage on both your dwelling and the contents within it. When we say dwelling, this simply pertains to either the residential property or commercial building that you're trying to insure with NFIP and FEMA; contents will be more about the personal property and items you have inside the insured building.

There is a coverage limit when it comes to federal flood policies. Flood damage to buildings will be covered to a maximum of $250,000 for residential policies and can only go up to $500,000 maximum if it's for a commercial property. Regardless of the type of property you have written, you can expect to get a $100,000 maximum contents coverage from an NFIP policy.

There's also what's called the Increased Cost of Compliance (ICC) coverage. This is a $30,000 additional coverage for your property in order to make sure that there are flood mitigation efforts made on the property according to the federal government's standards. Generally, this can include sandbagging your property, installing floodproofing walls, raising your lowest floor from the base flood elevation levels, and putting flood openings. The labor that goes into making these mitigation efforts happen will also be covered under the ICC.

Arizona Flood Insurance: Prescott Flood Map Updates for August 2021.

The good thing about the NFIP and FEMA is that they won't really push you immediately to the waters. Instead, they will allow you to ease into the possible flood insurance rate changes you'll be getting with your new flood zone. This is what's called newly mapped rates where FEMA will have you pay a lower flood rate or premium on your first year after the flood map update. This is also known as the Preferred Risk Policy (PRP) and will slowly start to increase until you meet the actual flood insurance premium expected to be paid for in your new flood zone.

There are also perks with your participating community in Prescott. A participating community gets access to federal flood insurance and disaster assistance, but more importantly, you also get to work with your community on raising your Community Rating System (CRS) score. The CRS measures and rewards the overall flood mitigation efforts done by the community according to FEMA's standards on floodplain management. Simply put, the higher your CRS score is, the bigger the flood insurance discount you'll get from FEMA and the NFIP.

You can start enjoying your NFIP policy after a 30-day waiting period from the flood insurance purchase.

The Private Flood

If the federal flood insurance option doesn't really work for you then you can manage this new floodplain mapping through the private flood insurance market. It's important to note that this market will solely be managed and provided by private insurance companies which generally means that the red tapes FEMA and NFIP has to go through won't be there.

The first thing you'll immediately see with the private flood market is that there are significantly shorter waiting periods for your flood policy. Once you have everything settled and paid for, a private flood insurance policy can take effect on the same day or up to 14 days maximum. 

Another good thing coming out of private flood insurance is that there are no coverage limits. This means that you won't really need to stress over how to get covered for a $500,000 home since it will be fully covered by your policy. This is the same with contents coverage and you'll also get additional coverages like replacement costs, additional living expenses, and loss of use.

Fair warning, it's a known issue in the private insurance market in general that they will do moratoriums when there are risks that are too high for their comforts. This simply means that they will either put a stop or take a break from providing flood insurance policies to a certain area that has higher risks. There's also a chance that you might not get to buy flood insurance from them once they decide to non-renew your policy.

At the end of the day, the choice of where you'll be getting flood insurance depends on you. What's really important is that you know your flood risks and have enough protection from all possible outcomes of a flood event such as flood loss and flood damage.

Get a quote from the Flood Insurance Guru!

If you have questions on these new FEMA flood maps, maybe you want to determine your flood zone, knowing your area's average flood depths and flood data, or anything about flood, reach out to us by clicking below.

Get Your Flood Risk Score Here!

Contact Us

Remember, we have an educational background in flood mitigation and we want to help you understand flood risks, your flood insurance, and mitigating your property long-term. 

Buy Flood Insurance Now!

As the storms keep coming, the changes to federal flood insurance come with it as well. Today, we want to unpack the upcoming changes to Flood Insurance Rate Maps (FIRM) in the Magic City, Birmingham, Alabama. We will understand the good, the bad, and the ugly changes coming to this town and what it means for flood insurance for its locals.

Alabama Flood Insurance: Birmingham Flood Map Updates

Birmingham, Alabama

Birmingham is still the city with the biggest population when it comes to the state of Alabama. However, Birmingham Alabama is dropping numbers — alongside Montgomery Alabama — when it comes to its population which according to AL.com. Huntsville City is coming to a very close second and might even dethrone the city anytime soon. This type of development and growth can also mean that flooding can drastically change as well. We've seen earlier just this year how Birmingham, Alabama was hit with massive floods due to heavy rainfall.

Hopefully, you also realize that you really don't need to be in a flood zone to get flooded. Just this week of August 16, we saw a lot of places in Georgia, North Carolina, and Florida devastated with flash floods from continuous rain.

Today, we want to unpack the upcoming flood map changes to Birmingham Alabama, and although zone designation Flood Insurance Rate Map (FIRM) won't really impact your flood insurance rates with the Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP) in their upcoming new Risk Rating 2.0 program. It's important to always keep in mind that this will be used from a regulatory standpoint. Generally, this still means that if you're in a high-risk flood zone, also known as the special flood hazard areas (SFHA), you're still expected to carry mandatory flood insurance for your property.

So what are the upcoming changes to Birmingham City on September 24th, 2021?

Alabama Flood Insurance: Birmingham Flood Map Updates

The Good

When it comes to good changes with this new flood map update, we'll be talking about the movement of properties impacted in the city. The good change generally means that buildings and houses that will be getting the best deal out of the floodplain mapping that FEMA is producing.

To be more specific, about 2,994 property owners will have their properties move out of a high-risk flood zone and into the low-risk flood zones. This is what FEMA calls the "in to out" movement. Some would call this moving to a Flood Zone X.

Low-risk flood zones are also known as the preferred flood zone or non-mandatory zones since this is where mortgage companies and the federal government would stop requiring homeowners to purchase flood insurance.

Yes, this means that 2,994 property owners can choose not to purchase flood insurance for their property however, fair warning to everyone, FEMA had constantly reported that 30% of the flood insurance claims come from these low-risk flood areas.

Simply put, this means that you're not really exempted from experiencing floods at all. We've covered this in our previous episode when we talked about the reasons why you might be flooded in a low-risk zone.

The Bad

Now, if there's good news, there's also bad news. This comes in the form of the opposite with the good movement that we're seeing which is what FEMA calls the "out to in" movement. This is generally because your property that wasn't in a high-risk zone or special flood hazard area (SFHA) will be moved into the SFHA and high-risk zones. Some would call this "moving from Flood Zone X to Flood Zone A."

Only 157 properties will be impacted by this change in FEMA Flood Maps to Birmingham. This is bad for a couple of reasons. One, since FEMA and the National Flood Insurance Program (NFIP) runs through a lot of flood data, they are seeing that your property or the general area that it's in has received an increase in current flood risk and/or possible future flood risk.

Another bad thing about this is that you will be required to start carrying a mandatory flood insurance purchase for your property because of the higher risks it's presenting. Let's be honest, being in a high-risk flood zone or the SFHA can be very expensive when it comes to flood insurance premiums in our current NFIP setup especially if you have a relatively bigger or more expensive property.

The Ugly

Lastly, we still have to discuss the biggest change and the ugliest among these three. The ugly change represents the "in to in" movement. This means that a property that's already in a high-risk flood zone will be mapped into a higher-risk flood zone. You can call this "moving from Flood Zone A to Flood Zone AE."

This will impact about 12,889 properties in Birmingham which is a very huge number. In fact, we rarely see an "in to in" movement that comprises the biggest chunk within these three changes. However, instead of worrying about a possible flood insurance rate increase (which will disappear by the time NFIP Risk Rating 2.0 kicks in), this simply means that when something like Tropical Storm Elsa happens again, you might face a bigger and more severe flood damage to your property.

Like the bad change, this also means that you have to carry a flood insurance policy on your property to make sure that it's protected at all times. This can also mean higher flood premiums in the current version of the National Flood Insurance Program (NFIP) for when you insure your property and since this will be a mandatory flood insurance purchase, you definitely have to prepare your wallet for it.

There are ways to make these bad and ugly changes easier to manage however. This starts with your preferred flood insurance option: the National Flood Insurance Program (NFIP) or the Private Flood market. Let's talk more about these two.

Flood Insurance Options in Birmingham

The NFIP

The National Flood Insurance Program (NFIP) is purely managed by the federal government since this is FEMA's answer to flood insurance. An NFIP flood policy can get you flood coverage on both your dwelling and the contents within it. When we say dwelling, this simply pertains to either the residential property or commercial building that you're trying to insure with NFIP and FEMA; contents will be more about the personal property and items you have inside the insured building.

There is a coverage limit when it comes to federal flood policies. Flood damage to buildings will be covered to a maximum of $250,000 for residential policies and can only go up to $500,000 maximum if it's for a commercial property. Regardless of the type of property you have written, you can expect to get a $100,000 maximum contents coverage from an NFIP policy.

There's also what's called the Increased Cost of Compliance (ICC) coverage. This is a $30,000 additional coverage for your property in order to make sure that there are flood mitigation efforts made on the property according to the federal government's standards. Generally, this can include sandbagging your property, installing floodproofing walls, raising your lowest floor from the base flood elevation levels, and putting flood openings. The labor that goes into making these mitigation efforts happen will also be covered under the ICC.

Alabama Flood Insurance: Birmingham Flood Map Updates

The good thing about the NFIP and FEMA is that they won't really push you immediately to the waters. Instead, they will allow you to ease into the possible flood insurance rate changes you'll be getting with your new flood zone. This is what's called newly mapped rates where FEMA will have you pay a lower flood rate or premium on your first year after the flood map update. This is also known as the Preferred Risk Policy (PRP) and will slowly start to increase until you meet the actual flood insurance premium expected to be paid for in your new flood zone.

There are also perks with your participating community in Birmingham. A participating community gets access to federal flood insurance and disaster assistance, but more importantly, you also get to work with your community on raising your Community Rating System (CRS) score. The CRS measures and rewards the overall flood mitigation efforts done by the community according to FEMA's standards on floodplain management. Simply put, the higher your CRS score is, the bigger the flood insurance discount you'll get from FEMA and the NFIP.

You can start enjoying your NFIP policy after a 30-day waiting period from the flood insurance purchase.

The Private Flood

If the federal flood insurance option doesn't really work for you then you can manage this new floodplain mapping through the private flood insurance market. It's important to note that this market will solely be managed and provided by private insurance companies which generally means that the red tapes FEMA and NFIP has to go through won't be there.

The first thing you'll immediately see with the private flood market is that there are significantly shorter waiting periods for your flood policy. Once you have everything settled and paid for, a private flood insurance policy can take effect on the same day or up to 14 days maximum. 

Another good thing coming out of private flood is that there are no coverage limits. This means that you won't really need to stress over how to get covered for a $500,000 home since it will be fully covered by your policy. This is the same with contents coverage and you'll also get additional coverages like replacement costs, additional living expenses, and loss of use.

Fair warning, it's a known issue in the private insurance market in general that they will do moratoriums when there are risks that are too high for their comforts. This simply means that they will either put a stop or take a break from providing flood insurance policies to a certain area that has higher risks. There's also a chance that you might not get to buy flood insurance from them once they decide to non-renew your policy.

At the end of the day, the choice of where you'll be getting flood insurance depends on you. What's really important is that you know your flood risks and have enough protection from all possible outcomes of a flood event such as flood loss and flood damage.

If you have questions on these new FEMA flood maps, maybe you want to determine your flood zone, knowing your area's average flood depths and flood data, or anything about flood, reach out to us.

Get Your Flood Risk Score Here!

Remember, we have an educational background in flood mitigation and we want to help you understand flood risks, your flood insurance, and mitigating your property long-term. 

We have officially started the hurricane season and we should be gearing up to become even more prepared for the threat of flood. Hurricanes present a lot of reasons for flooding other than heavy rainfall, we also have to consider storm surge, runoff from spring, and the melted ice and snow from winter.

Today, we'll unpack the upcoming flood insurance rate map changes to Baltimore which will take effect on June 16th, 2021.

The Flood Insurance Guru | Flood Map Updates | Summer 2021: Baltimore, Maryland Flood Map Updates

History of Flood

Baltimore faced a lot of flooding throughout its course in history. We can even just look at recent years and see how much impact the hurricane season has on the city through floods.

In 2003, Hurricane Isabel caused $4.7 million in flood damages to Baltimore after five to ten inches of rain fell and up to six feet of storm tides ravaged Maryland. It also seemed that history repeated itself 2 years after, in 2006 Tropical Storm Ernesto caused the same flood event in the city. In 2008, Tropical Storm Hanna made landfall in South Carolina however also lingered most of the eye of the storm east of Baltimore. 

Even at the time of writing, a lot of places in Maryland and specifically Baltimore is currently flooded due to heavy rains. So, let's talk about the good, the bad, and the ugly changes that the new flood map updates will bring to Charm City itself.

The Flood Insurance Guru | Flood Map Updates | Summer 2021: Baltimore, Maryland Flood Map Updates

The Good

First, let's go over the good things coming to Baltimore and its residents. The good news is that 467 properties are going to be moved "out to in". This simply means that these property owners will be mapped out of the high-risk flood zones or the special flood hazard area (SFHA) and into the low-risk flood zones. Some would call this moving to a Flood Zone X.

This also means that you're going to be moved from the mandatory flood zone to the non-mandatory flood zone or preferred flood zone. Flood insurance for properties in these zones won't be required by mortgage companies however it's important to note that this doesn't eliminate the risks for flooding. Also, the Federal Emergency Management Agency (FEMA) notes that 30% of flood claims are from these low-risk zones, so better have your flood insurance always at the ready.

The Bad

Now, let's talk about the bad changes coming with that movement called "in to out". This will be the exact opposite of the good change meaning that properties will be moved from a low-risk flood zone to a high-risk flood zone or the SFHA. Some would call this moving to a Flood Zone A.

About 662 properties are expected to be mapped into these mandatory zones which means that if you're not carrying flood insurance for your property, you can expect your mortgage company to send you a letter to let you know that you're now required to have flood insurance for your home. Now, if you already have a policy, you can expect to get higher flood insurance premiums with this new flood zone you're in.

The Ugly

Lastly, we have the ugly changes with this new flood map for Baltimore. About 3900 properties will be experiencing the "in to in" movement. This means that you might already be in a high-risk zone or the SFHA and you're going to move deeper into higher-risk zones. This means that you might already be in Flood Zone A right now and you'll be moved into a Flood Zone AE.

Being in the SFHA and higher-risk flood zones can really hurt your chances of getting to private flood insurance since these carriers have an option to pick and choose who they provide insurance to. Most of the time, these high-risk zones are something that they avoid. This can also mean a drastic increase in premiums of up to 15%.

Now, let's talk about how you can prepare for these changes and what the best flood insurance option is for you.

Flood Insurance Options

When it comes to flood insurance options, it's important to note that it won't matter what loan type you have since you can choose to go through either of these options. We have federal flood insurance and private flood insurance. Let's go through each option and understand their differences.

The NFIP Option

Federal flood insurance provided by the Federal Emergency Management Agency (FEMA) through the National Flood Insurance Program (NFIP). Now, it's important to note that you can access this flood insurance option only if you're in a participating community.

The Flood Insurance Guru | Flood Map Updates | Summer 2021: Baltimore, Maryland Flood Map Updates

The NFIP offers coverage for properties, buildings, or structures of $250,000. When it comes to property coverage, other properties that aren't listed as the main building will have to get a separate policy for those additional buildings. Contents and personal items will have a coverage of $100,000. It's important to note that these coverage amounts are maxed out to those numbers. The NFIP won't also provide additional living expenses, replacement costs, and loss of use with their policy.

It's important to note for those who will experience the bad and ugly change that FEMA and the NFIP will have what's called newly mapped rates which help you ease into the new flood zone's premiums. If you're looking to buy flood insurance through FEMA, you may have to follow a strict 30-day waiting period before the policy can take effect on your property.

The Private Flood Option

On the other side of the fence, you may go through private insurance companies' flood policies also known as the private flood. Since this is provided by private insurers, you won't have to go through the red tapes that the federal flood insurance may have. Immediately, you can see this on the general waiting period for private flood insurance. The maximum waiting time for private flood is fifteen days this is considering that you're going to have to wait in the first place.

Private flood insurance also doesn't have any coverage limits to the amount they can cover for property and personal items. This means that you can go up to $10,000,000 for the property damage coverage if you'd want to and $1,000,000 on personal items. Now, it's important to note that this is relative to your property's construction which is why it's highly recommended that homeowners with expensive buildings go through the private flood.

Private flood insurance also provides additional coverages like additional living expenses, replacement costs, and loss of use which really protects the way of life policyholder from the aftermath of flooding.

At the end of the day, it's important that we keep our guards up and especially when cities on the coasts like Baltimore can have a bigger flood threat due to storm runoff, spring thaw, and coastal flooding.

So, if you have any questions on flood map changes, flood insurance, or your flood risks, reach out to us. Remember, we have an educational background in flood mitigation and we want to help protect the value of your property long term. Click the links below to watch our daily flood education videos on YouTube, call us, or get a quote from us so you can get started on your flood insurance purchase today.

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