![]() While that may sound pretty low, it actually translates into a 26% chance of flooding at some point during a 30-year mortgage timeframe! For this reason, owners of properties in High-risk zones are required to get flood insurance.Īnd if your clients think that only properties in FEMA’s high-risk zone should be of concern, inform them that the National Flood Insurance Program (NFIP) reports that properties outside the high-risk zone can represent up to 40% of their flood claims in a given year. To help your clients make sense of FEMA’s flood zone information, turn it into something meaningful that they can use to make decisions.įor example, properties in the high-risk zones have a 1% chance annually of flooding. You can use FEMA’s Flood Map Service Center to see the flood zone designation for a particular piece of land your client is trying to buy or sell. Zone codes for this designation are C or X (unshaded) Minimal-risk zone: These geographic areas have little risk of flooding, but again, it can happen. The zone codes for this designation are B or X (shaded). Moderate-risk zone: Here, flooding is possible but less likely to occur. The zone codes for this designation are A or V, the latter being an indicator that the property is in a coastal area. High-risk zone: This designation is reserved for Special Flood Hazard Areas (SFHA). Here are the three risk zones FEMA uses, along with their respective flood zone codes: But as the Federal Emergency Management Agency says, “Anywhere it can rain, it can flood.” What Is a Flood Zone?Ī flood zone is a geographic area defined by the Federal Emergency Management Agency (FEMA) according to its flood risk level. The answer to that will vary, depending on your location. ![]() How big of a concern should this be for you as a real estate agent? Flooding, whether caused by a single event or rising sea levels, looms larger than ever as a risk factor for those considering buying or selling property today. Hardly a day goes by that we don’t see a news report about the weather and its devastating effects on property. ![]()
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