![]() All content in the Services is provided "as is." Use of such information is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Additionally, the information in the Services may be changed periodically without prior notice. Information in the Services may or may not be current as of the date of your access, and FEMAfloodzones has no duty to update and maintain the information, reports, or statements on the Services. While FEMAfloodzones makes every effort to present accurate and reliable information in its Services, FEMAfloodzones does not endorse, approve, or certify such information, nor does it guarantee the accuracy, completeness, efficacy, timeliness, or correct sequencing of such information. ") are intended to provide useful information for its users. The contents of all material available on and other related services (collectively, the " Must I get, do I need Flood Insurance? What's a LORM, certificate of elevation? What are other communities doing about this? How much is all this going to cost me? Can I get out of this?įor the inside scoop and ongoing occasional relevant updates please sign into on our Contact pageĪnd in the Comments Box request "FEMA Flood Zones and Insurance - Information that could save you real money" (short title = FEMAFLOOD Report #1). So what changed? What is a "100 year flood", DFIRM, FIRM, Firmette, BFE, SFHA, NFIP? Flood insurance is obtained through any qualified insurance group but they will only be acting as "pass through" agents as the "subsidized" insurance is supplied by a federal government agency.Ĭlearly these new zonings will have a detrimental effect on the property values of affected properties and even those nearby. Note, however, that other mortgagors may require flood insurance even if they are not government backed.Īffected homes in all areas will need to take out flood insurance before 5/4/09 if they wish to be "grandfathered in" to reduced flood insurance rates into the future.īefore giving up the opportunity to be grandfathered in to reduced insurance rates - perhaps because you have no mortgage - consider what will happen if you should ever wish to sell your home to someone who does require a mortgage.įlood insurance rates vary according to circumstance but if the floor of your house lies below the 100 year flood level, the reduced "grandfathered" rates are roughly $900 per year for house only (with a limit of about $280,000 in damage) but the full non-grandfathered rates are roughly $1800 per year (same limit). In other words, property owners in a Special Flood Hazard Area (SFHA) as designated by FEMA will be required to take out flood insurance if they have a mortgage that is backed by the federal government. The National Flood Insurance Program (NFIP) applies to all structures located in SFHAs that carry a mortgage loan backed by a federally regulated lender or servicer. This late notification prevented them from commenting on the new zoning in the time frame required by FEMA. While most cities in Marin have had a reasonable amount of warning of the change in the Special Flood Hazard Area zoning by being informed in the last half of 2008, some (notably Belvedere and Bel Marin Keys) were only informed by letter in mid February 2009. Source: Federal Emergency Management Agency Ross 80, Tiburon 50, Mill Valley 50, Novato 15, Larkspur 10-13, Sausalito N/A, Fairfax 0. San Rafael 300, Marin County (unincorporated) 261, Belvedere 200, San Anselmo 177, Corte Madera 150 The following is a list of the number of properties in Marin County, both private residences and commercial buildings, that are new to the special flood hazard area, thus requiring federally subsidized flood insurance.(Some figures are approximations by city officials):. ![]() Why is my property now in a FEMA-designated Special Flood Hazard Zone?įEMA flood re-zoning has affected about 1200 homes throughout Marin County - especially waterfront homes in Belvedere, San Rafael, Novato and San Anselmo as well as, according to hearsay, some homes near watercourses in Mill Valley and Novato.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |