RI Flood Zone Changes 2013 | RI Flood Maps 2021
UPDATE: As of October 1, 2021 the Federal Emergency Management Agency (FEMA) will have a new system that all towns, commercial and residential real estate will need to comply with going forward. There will no longer be designated flood zones (i.e. A, AE, AV, etc.) but will now take into account climate impact on tide and water rises. The new program is called Risk Rating 2.0 and will incorporate third-party, commercially compiled catastrophe flood models and replacement cost data for property. No other information is available as of yet on how these changes will impact flood insurance costs but stay tuned here. If you are a client of mine I will bring you the latest and best information as it comes available.
It was a matter of time that the RI flood zone changes 2013 took effect for all RI flood maps. It is here.
The Rhode Island flood zone changes 2013 are now available for viewing at your Towns’ planning and/or building office. It is another shuffling of the papers, pinpointing of demarcation marks/boundaries and just plain coastal water changes making the new 2013 flood zone changes defined.
FEMA revised RI flood maps are in the Town Halls in the Planning or Building departments for RI homeowners. One thing about RI coastal real estate is that you have plenty of ocean and Narragansett Bay waters to impact your real estate.
Where I have seen the RI flood zone changes from FEMA in the revised flood plains of 2013 are increases in two areas: wind velocity zones and in special flood hazard areas.
Both of these increases mean increases in flood premiums, action taken by the homeowner to secure your home from wind damage (i.e. house shutters) to mitigate the insurance cost and/or structural changes (elimination of basements, wash away walls, raising the house structure up a number of feet).
FEMA has also allowed wise homeowners who always carried flood insurance on their home (needed or not) to be ‘grandfathered’ in their flood insurance premium. This allows upon sale of the property for the new buyers to have a lower cost premium that will increase over a number of years. Always consult with a knowledgeable flood insurance specialist locally.
Meaning that it will rise negligibly and can pass to a future buyer of the home. This can save thousands of dollars for a new home buyer wanting a waterfront or coastal RI home.