![]() ![]() What the client is really trying to say is, “I don't need flood insurance because I'm not in a Special Flood Hazard Area (SFHA)." The reality is that the client just doesn't know the correct terminology but agents must know the reality and be able to effectively and tactfully correct the client when discussing the need for flood coverage. " I don ' t need flood insurance, I'm not in a 'flood zone.'" Or, “ I don ' t need flood insurance because my mortgage company said I don ' t need it." These statements are made more often than any insurance agent would like to admit, but the frightening part is that some agents might agree with the statements without questioning or understanding the potential fallacy within both.Įvery structure located in one of the more than 21,000 NFIP- participating communities is in a “flood zone." These “flood zones" are located in all 50 states, DC and five territories or possessions however, the insured's house or building may simply not be in one of the “high hazard" zones. Flood Policies, Condo Units, and Additions and Alterations.Condo Unit Owners - Why Carry Building Coverage?.What Agents Need to Know About the New Flood Rating (Risk Rating 2.0).Understanding the Unique Facets of Flood Insurance: Unique Flood Policy Definitions.Understanding the Unique Facets of Flood Insurance: Policy Terms and Conditions Unique to Flood Coverage.Understanding the Unique Facets of Flood Insurance: Participating Communities in the Regular Program.Understanding the Unique Facets of Flood Insurance: Key Underwriting Questions.Understanding the Unique Facets of Flood Insurance: Flood Zones.Understanding the Unique Facets of Flood Insurance: Flood Policy Forms.Understanding the Unique Facets of Flood Insurance: CBRA Zones and Otherwise Protected Areas (OPAs).Understanding the Unique Facets of Flood Insurance.Re-Learning Flood: Old Myths & New Realities.History of Flood Mitigation and Insurance Laws.Flood Risks Are Rising – Are Your Clients Prepared?.Flood Insurance Myth Debunked: The Two Acres - Two Properties Rule.You can look up your base flood elevation here. For example, foundations must be pilings or columns rather than a solid block foundation and garage slab’s must be thinner (no more than 4 inches) and not pilings supported. ![]() The good news is, the majority of Beach Haven West is located in the A flood zone which offers more manageable costs and less stringent building guidelines.Īs mentioned above, homes that are located in the V zone also have different building guidelines. These homes are considered to be more risky, and will typically see a higher cost of flood insurance. In order for a property to be classified as a V zone, the home must be at risk of a sustained wave impact of 3 feet or greater. A flood zones are the most common zone in Beach Haven West.V zones have special building requirements.Areas in the V flood zone will typically see a higher cost of insurance.There are some important differences between the A and V flood zone. Special Considerations for V Flood Zones in the Beach Haven West Real Estate MarketįEMA’s flood maps that they need certain areas to be in a special flood hazard zone, and then further delineate the flood zone in which a home is located. The idea behind the breakaway wall, is that if a home sustains directly impacts or higher wind velocities, the foundation walls will breakaway allowing water to pass freely among the piling foundation. Rather, a home must have breakaway walls anything or garage slab, usually no more than 4 inches. A home in the V zone is generally not permitted to have a solid foundation, nor is allowed to have a pilings supported garage. The V zone in Beach Haven West is more restrictive and can have a negative impact on the property value in the Beach Haven West real estate market. Homes that are built in the A zone had more lacks building requirements, for example they do not need breakaway walls which can make the cost of raising a home far less expensive. There are some areas of Beach Haven West where the ground is about 6 feet high already, so these homes may not require any further raising. In most cases, homes that are located in the A zone will be the first for elevation of between seven and 9 feet above sea level. The A zone, which can be further broken down to AE or AO zones, is the most common flood zone. There are two primary flood zones in Beach Haven West.
0 Comments
Leave a Reply. |