Elevation Certificate for Homes in Flood Zones
As a RI coastal real estate agent I understand very well the need for an elevation certificate in my coastal RI neighborhoods I service.
Insurance changes have put the burden on the homeowners who live in high risk and repetitive claim flooding areas. Be aware of the steps you must take now to protect your property as well as to sell your home in the future. Flood plains are not receding but increasing and all property owners in low to high risk flood zones must become proactive early.
Callum Palmer says
This was a fascinating read as I had never even heard of a RI real estate flood elevation certificate until recently. However, I can see why it would be a sound investment for your home as you point out in the article. After all, it could potentially help to lower your flood insurance costs.
Kylie Dotts says
It’s interesting that some insurance companies are no longer providing flood insurance in RI high-risk flood areas. It makes a lot of sense that because of the high risk involved in insuring those properties but I also thought it interesting how you can combat that with a flood elevation certificate to show that the risk isn’t too high for your particular property. I like that there are still ways insurance companies are providing so they will be able to cover people who don’t have too high of a risk.
Thanks so much Larry and please share this flood plain and elevation certificate information with homeowners in your area too. Glad I could be of help.
Ginny Lacey Gorman
Larry Philipp says
Great, insightful article on flood maps and elevations! Sharing it down here in coastal Virginia real estate too!
And added point is that with an Elevation Certificate in hand a homeowner can request a letter of map amendment
(known as a LOMO) from FEMA if they are of higher elevation than originally mapped to. This can be done online at FEMA.gov. This can also result in reduced insurance costs for the homeowner which is a great thing! Ginny Gorman