For those determinations that require manual mapping, most are completed within 4 hours, but some may take up to 24 hours. The majority of orders are returned within seconds. How quickly can I expect to get my flood zone determination? The re-determination request should include one or more of the following: a legal description, appraisal, survey, certified plat drawing, subdivision map, LOMA, or any other information that helps identify where the structure is in relationship to the Special Flood Hazard Area. If a customer disagrees with our determination, they may request a re-determination. What if I disagree with your determination? If a property is located in multiple flood zones, the determination will reflect the most hazardous zone that impacts the structure(s). What if there are multiple flood zones on the property?ĭataVerify Flood Services maps to the structure(s) on the property. Current owner (if different from borrower). Property street, city, state, and zip codeĪdditional information to locate a property could include:.Generally, the following information is required: What data is necessary to request a flood zone determination? During the life of a 30-year mortgage, the risk of a 100-year flood in a Special Flood Hazard Area is approximately 26 percent. Why is flood insurance required?įlood insurance is required as designated by the 1994 National Flood Insurance Reform Act and subsequent amendments. The flood zone determination is provided exclusively for the benefit of the lender customer and does not grant any rights to any other party and shall not give rise to any third party beneficiary claim. Structures in SFHA with mortgages from federally regulated or insured lenders require coverage by flood insurance. Development may take place within the SFHA, provided that development complies with local floodplain management ordinances, which must meet the minimum Federal requirements. The Special Flood Hazard Area (SFHA) is defined as an area of land that would be inundated by a flood having a 1% chance of occurring in any given year (previously referred to as the base flood or 100-year flood). In support of the National Flood Insurance Program (NFIP), FEMA has undertaken a massive effort of flood hazard identification and mapping to produce Flood Hazard Boundary Maps and Flood Insurance Rate Maps. What is a Flood Zone or Special Flood Hazard Area (SFHA)?
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