If you live in an area that’s at high risk for flooding, then you’re well aware that standard homeowners insurance doesn’t cover flooding caused by weather or sources outside your home. To protect your home, you’ll need a separate policy specifically for flood coverage. Fortunately, the federal government offers flood insurance through the Federal Emergency Management Agency (FEMA). To obtain this, you’ll need a FEMA certificate in Mobile, AL.
FEMA’s National Flood Insurance Program (NFIP) offers much-needed affordable flood insurance to owners, renters and businesses. The goal of the program is to encourage communities to enforce floodplain regulations. Because most insurance companies don’t offer flood insurance, this program provides an important service while lessening the impact of future damage. Only properties located in communities participating in NFIP can obtain insurance.
What is a flood elevation certificate?
To qualify for NFIP’s flood insurance, you’ll most likely need to provide a flood elevation certificate. A flood elevation certificate contains important information about your property, including the flood zone, location and the elevation of the lowest floor. NFIP issues the certificate. Insurance agents use your flood elevation certificate in Mobile, AL to determine your insurance premiums.
The purpose of the flood elevation certificate is to determine how susceptible your property is to flooding. The certificate informs what your premium should be based on the likelihood that floodwaters will damage your property based on certain factors.
Two of the factors included on your flood elevation certificate are the flood zone and location of your property. Flood zones are areas that FEMA defines according to varying levels of flood risk. The higher the risk of flooding based on your property’s location and flood zone, the higher your insurance premium will be.
Certain building characteristics about your property also impact your insurance premium and are noted on your flood elevation certificate. For example, if your property has protective barriers, is elevated or has a basement or attached garage, these all impact the amount of property damage you risk during a flood.
Perhaps the most important factor included on your flood elevation certificate is the elevation of the lowest floor. The lowest floor of your property is the space most likely to be damaged in a flood. Depending on the building’s structure, this could be a basement, a garage or the first floor of your home.
Why you should get a flood elevation certificate
In addition to qualifying for NFIP flood insurance, a flood elevation certificate in Mobile, AL helps you with the following:
- Determining a reasonable rate for your flood insurance premium
- Remodeling a property to raise it above the recommended elevation
- Knowing your current elevation so you can rebuild higher after a disaster
- Proving you can opt out of mandatory flood insurance requirements because your property is not at risk
Your property may already have a flood elevation certificate on file. Check with your local floodplain manager, the property seller or the property builder. If not, you can obtain a FEMA certificate in Mobile, AL from a professional surveyor by contacting Polysurveying today.
Categorised in: Commercial Surveying
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