Preliminary flood hazard data offers an early look at a property or community’s projected flood risk. While FEMA issues Effective Flood Insurance Rate Maps (FIRM), which dictate current flood status and flood insurance coverage premiums, FEMA also issues Preliminary...
The annual number of insurance claims under NFIP demonstrates the prevalence of natural disasters or flooding issues nationwide – incidents that effect the US housing market and values. 2019 Claims Records and Payments Note that states within the top 15 amount...
Many people hear the term “100-year flood” and are confused about what this actually means and how it affects their property as well as their flood insurance coverage. The 100-year flood is synonymous with several other terms that you may have heard, including “Base...
As with the “100 year flood”, the meaning of the term “500 year flood” is also often times misunderstood. Many people do not understand how it affects their structure as well as their flood insurance coverage. The 500-year flood zone is used to designate base...
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