An Elevation Certificate is proof that a property is properly elevated. It is typically part of the documentation of the house. If your property is a candidate to be removed from the Flood Insurance Rate Maps (FIRMs) you need an Elevation Certificate.
LOMA Elevation Certificate’s team first finds out if your property is a candidate for being removed from FEMA’s (Federal Emergency Management Agency’s) FIRMs (Flood Insurance Rate Maps). We get this elevation information off of the property’s Elevation Certificate. This certificate can be newly obtained, but property holders most likely have an Elevation Certificate that came with the property when it was purchased. We will freely evaluate your property and tell you if it is a candidate for being removed from Flood Insurance Rate Maps. Just send us by e-mail, fax or mail a copy of your elevation certificate to our office.
Within FEMA, a FEMA Elevation Certificate is a crucial administrative application utilized by the National Flood Insurance Program (NFIP) to access real elevation data of individual properties. It offers essential data and slope detail of the site needed to abide by floodplain managing ordinances in order to access the correct insurance fees to go with the LOMA process. The information helps to accurately price flood-prone properties pertaining to flood insurance eligibility.
Why do you need an Elevation Certificate?
An act passed in 1973 (Flood Disaster Protection Act) requires flood insurance from properties placed inside of ‘Special Flood Hazard Areas’ (SFHA). If ignored, homeowners inside flood zones will not be legally entitled to any federal financial aid.
With an Elevation Certificate, a property owner can dispute their mandatory insurance premiums. Your flood insurance costs might be diminished in line with the data provided by the survey. The property’s surveyed base flood elevation will re-establish your insurance premium. Thus, in the event the certificate confirms that the property’s lowest floor elevation is over the base flood elevation, the insurance costs will probably be removed or considerably less.
What is a Flood Zone?
A flood zone is usually a region which has been cautiously studied through the state authorities to determine the probability of water damage as a result of flooding, rigorous thunder or wind storms, or even along the shore, significant tidal problems. Flood Areas are designated for insurance companies to establish your possibility and volume associated with envisioned problematic conditions. Flood areas and specific zones are assorted in expected severeness and frequency. The flood regions are classified as follows: Flood zone x has a low to moderate risk, zones A and AE have a high risk and zone VE has a high risk in a coastal area.
LOMA Elevation Certificate’s team gives trustworthy, expert, and accurate elevation certificate documents. We completely understand the connection between flood insurance expenditures and elevation data. So you can trust Loma Elevation Certificate to help:
-Gather complete survey data using the most current procedures.
-Correctly fill out necessary certificate forms.
-Submit your application to FEMA [Federal Emergency Management Agency] in order for your property to be exempted from the Flood Insurance Rate Maps.