Posts Tagged ‘Flood Insurance’

Floodproof Now to Protect Your Structure

Posted on: October 31st, 2017 by Brent Gotsch

The best way to pre­vent dam­age to struc­tures in a flood­plain is to not have them in the flood­plain at all. How­ever, that is not always pos­si­ble. To pro­tect struc­tures from flood­ing and obtain a reduc­tion in flood insur­ance pre­mi­ums, options are to ele­vate (for res­i­den­tial struc­tures) or flood­proof (for non-residential structures).

If you are inter­ested in ele­vat­ing or flood­proof­ing your struc­ture, the Fed­eral Emer­gency Man­age­ment Agency (FEMA) has sev­eral good resources avail­able that pro­vide guid­ance on how to do that. In most cases a con­trac­tor will need to be hired to do the actual work.

A great overview doc­u­ment on ele­va­tion, flood­proof­ing and sev­eral other mit­i­ga­tion alter­na­tives is FEMA’s Homeowner’s Guide to Retro­fitting (3rd Edi­tion).

There are other meth­ods to help pro­tect your struc­ture, but they may not result in lower insur­ance pre­mi­ums. How­ever, they can help to reduce dam­ages and are wor­thy of con­sid­er­a­tion for imple­men­ta­tion. The FEMA doc­u­ment “Reduc­ing Flood Risk to Res­i­den­tial Build­ings” is a good source of addi­tional infor­ma­tion on this topic.

Pro­tect­ing your struc­ture from flood dam­age can be a com­pli­cated and expen­sive process, but it is essen­tial to either reduce insur­ance pre­mi­ums and/or pro­tect prop­erty from flood dam­age. Use the resources above as a first step in planning.


FEMA Sending Notifications on Flood Insurance Changes

Posted on: January 13th, 2017 by Brent Gotsch

In 2014, the Home­owner Flood Insur­ance Afford­abil­ity Act (HFIAA) was signed into law. Part of the leg­is­la­tion requires that FEMA com­mu­ni­cate flood risk deter­mi­na­tions to indi­vid­ual prop­erty own­ers. FEMA is cur­rently review­ing every flood insur­ance pol­icy and will be writ­ing to all National Flood Insur­ance Pro­gram (NFIP) pol­icy hold­ers to explain the cur­rent risk level for their prop­erty. Start­ing this month (Jan­u­ary 2017) pol­icy hold­ers will begin receiv­ing let­ters from FEMA approx­i­mately two months prior to their pol­icy renewals. FEMA will mail a let­ter at each sub­se­quent renewal.

The NFIP has iden­ti­fied seven cat­e­gories of pol­i­cy­hold­ers to receive unique infor­ma­tion based on their risk and cur­rent pre­mium rates. To read more about what each cat­e­gory means and if it applies to you please visit this FEMA Web­site. If you have ques­tions about Flood Insur­ance Rate Maps (FIRMs) or how flood insur­ance is rated select staff at the AWSMP can help answer your ques­tions or direct you to other resources. Please call 845–688-3047 ext.3 for assis­tance. If you have ques­tions about your spe­cific flood insur­ance pol­icy then you should con­tact your insur­ance agent directly.