Now I am in a High Risk Flood Zone
If the flood zone rating for the area that you live has been changed to a high risk flood zone, you are not alone. There are many homeowners across the nation who are in the same position as you. When your home was built there was a flood rating of low to moderate risk in place. Now the new flood maps are out and are rating your home in a high risk flood zone. Has your home moved? No. FEMA has launched a flood map modernization program. With this program the standards for levee protection have been changed on a national basis. Many areas across the state and the nation are being moved to the high risk flood zone ratings. Does this mean that your flood insurance in California will be higher? Yes. It is important that you, as a consumer, are educated about proper rating on your policy. This way you can ensure that you are not over-paying for your flood insurance. If you did carry a continuous flood insurance policy, then the policy will remain on a preferred flood insurance rating platform. As long as you are renewing your policy you will not have much to do. If you did not carry a policy and need to purchase one this is what you need to know. As long as when your home was built or when the last substantial improvements were done the flood map that was in place rated you home as low risk flood zone then I have good news for you. Many people who are purchasing homes in these areas did not have the opportunity to carry continuous coverage. Your policy can still be rated on a regular tier but your home will be considered to be grandfathered in for being built in compliance. This will keep the premiums low on your policy and you will not need to get an elevation certificate. Make sure that you are working with a professional that is familiar with flood insurance so that you know that you are getting the appropriate rate. You can also get more information by reading on our flood insurance page at www.bainsandwoodward.com/california-flood-insurance.html Get your quote online today or call 530.421.8111 License 0G13612.
