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Home Insurance - Know Your Property Flood Zoning Part 2

Published Tuesday, September 2, 2008 by bloggerblognet83280 | E-mail this post

As brought to you in a previous article, we learnt that FEMA has placed over 20,000 communities into different categories of flood zones. The zones tell you whether your property is in a high flood risk area.

The following is the concluding part of the list:-

1.The High Risk Zones

Zone AO. These are areas that have stream or river flood hazard, areas with 1% or more chance of shallow flooding each year, usually in form of sheet flow, with an average depth ranging from 1 to 3 feet. These areas also have a 26% chance of flooding during the life of a 30year mortgage. The average flood depths gotten from detailed analysis are shown within these zones.

Zone AR. These are zones that are experiencing a temporary rise in flood risk because of the building or repairing of a flood-control system(levee or dam). In these areas it would be compulsory for residents to buy flood insurance. but the rates would not be more than that of unnumbered A zones if the structure is built or repaired in accordance with the standard of Zone AR Floodplain Management Regulations.

Zone A99. These are areas that have 1% annual chance of flooding that will be protected by the Federal flood- control system where building has reached specified legal requirement.

2. High Risk (Coastal) The V zones.

In communities that participate in NFIP, the purchase of flood insurance is compulsory.

Zone V. coastal areas that have a 1% annual chance or greater of flooding with additional hazard associated with storm waves. These areas have a 26% chance of flooding during the life of a 30year mortgage.

Zone VE and V1-30. Coastal areas that have a 1% annual chance or greater of flooding with additional hazard associated with storm waves. These areas have a 26% chance of flooding during the life of a 30year mortgage. Base flood elevations derived from detailed analysis are shown at selected intervals within these zones.

3.Undetermined Zones. D

Zone D. these are areas with possible but undetermined flood risks. In these areas, no flood hazard analysis has been conducted. The flood insurance rates are commensurate with the uncertainty of the flood risk.

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Chisomeje Odimba writes for Quality-Insurance-4-Less.

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