Homeowners Insurance Dade

FEMA's Flood Zone Remapping Impacts Florida Homeowners

The scoop on Flood Zone Remapping in Florida 

The new FEMA maps are currently in a 90-day appeal period.  They will  be releasing the new flood maps for Broward County in June.  What do these changes mean for the 24,000 Condo Associations and Homeowners in Broward county and other counties in Florida who will be undergoing similar changes?

Scenario A:  If you were in a non-mandatory zone (labeled X), you may been placed in a mandatory one (AH for example).  The association will now have to buy flood insurance.

S cenario B :  If you were in a mandatory zone (labeled AH for example), you may have been placed in a non-mandatory one (labeled X).  The association no longer has an obligation to buy flood insurance.

Zone A  Flood insurance rate zone determined by approximate methods, as no Base Flood Elevations (BFEs) are available for these areas. Mandatory flood insurance purchase requirements apply. Zone AE Flood insurance rate zone that corresponds with flood depths greater than 3 feet. Mandatory flood insurance purchase requirements apply. Zone AH  Flood insurance rate zone that corresponds to areas of shallow flooding with average depths between 1 and 3 feet. Mandatory flood insurance purchase requirements apply. Zone VE Flood insurance rate zone that corresponds to coastal areas that have additional hazards associated with storm waves. Mandatory flood insurance requirements apply. Zone X-Shaded 0.2 PCT Annual Chance Flood Hazard Zone X Flood insurance rate zones that are outside the flood plain or the average flood depths of less than 1 foot. Flood insurance purchase is not mandatory. Courtesy of Broward.org

It is a good idea for all Florida homeowners to check the zone in the County website under FEMA flood maps or the FEMA web site.