Flood Insurance Zones
A flood is a general and temporary condition where two or more acres of normally dry land or two or more properties are inundated by water or mudflow.
What is a flood zone?
According to FEMA and the National Flood Insurance Program, any building located in an A or V zone is considered to be in a Special Flood Hazard Area, and is lower than the Base Flood Elevation. V zones are the most hazardous of the Special Flood Hazard Areas.
What is BFE flood?
The computed elevation to which floodwater is anticipated to rise during the base flood. Base Flood Elevations (BFEs) are shown on Flood Insurance Rate Maps (FIRMs) and on the flood profiles. The BFE is the regulatory requirement for the elevation or floodproofing of structures.
Flood Zone Definitions
In order for insurance companies to do a flood insurance quote outside the B, C, & X zones, a copy of the FLOOD ELEVATION CERTIFICATE which is done by a surveyor is needed.
BFE = Base Flood Elevation
100-year floodplain means there is a 1% annual chance of flooding at or above the base elevation
FEMA states there is a 26% chance of flooding over the life of a 30 year mortgage for structures within the 100-year floodplain.
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