|Tuesday, 04 March 2008|
FEMA, FLOOD INSURANCE AND THE COMMUNITY RATING SYSTEM
The National Flood Insurance Program's (NFIP) Community Rating System (CRS) is a voluntary incentive program that recognizes and encourages community floodplain management activities that exceed the minimum NFIP requirements. As a result, flood insurance premium rates are discounted to reflect the reduced flood risk resulting from the community actions meeting the three goals of the CRS: (1) reduce flood losses; (2) facilitate accurate insurance rating; and (3) promote the awareness of flood insurance. For CRS participating communities, flood insurance premium rates are discounted in increments of 5%; i.e., a Class 1 community would receive a 45% premium discount, while a Class 9 community would receive a 5% discount (a Class 10 is not participating in the CRS and receives no discount). The CRS classes for local communities are based on 18 creditable activities, organized under four categories: (i) Public Information, (ii) Mapping and Regulations, (iii) Flood Damage Reduction, and (iv) Flood Preparedness. The Town of Sewall’s Point is working to improve our current rating of Class 8, and has adopted strict regulations on development in flood zones. The purposes of these regulations are:
FLOOD ZONE FAQ’sIs the house in a FEMA Floodplain?
This is determined by locating the house on a current FEMA Flood Insurance Rate Map (FIRM). The FIRM map is posted in Town Hall. We can help you, your insurance, or real estate agent determine which flood hazard area your house or building lot is located. Floodplain information is also indicated on the FEMA Elevation Certificate for the parcel.
What is the current elevation of the house?
An Elevation Certificate is best source for this information and the only verification accepted by FEMA. Some older existing property surveys have this information. A Florida registered Architect, Engineer or Land Surveyor can prepare an elevation certificate for your property. All new homes and substantial improvements to older homes are required to obtain an Elevation Certificate, prior to Certificate of Occupancy. Copies of Elevation Certificates are available at Town Hall.
What is the actual cost of repairs and improvements?
To determine costs you will need a cost estimate from a licensed general contractor or a professional estimator. The cost must include all materials, labor, overhead, and profit. If the owner does the work, standard labor rates must be included. Some items are not included, these include the costs for plans, surveys, permit fees, post storm clean up, demolition, debris removal, costs to correct current code violations, and all outside improvements to items not directly attached to the structure.
How is current market value of the house determined?
For the purposes of determining substantial improvement or damage repair, market value pertains to the structure only. It does not pertain to the land, landscaping, or detached structures on the property. Estimates of market value can be obtained from the following:
FLOOD PREPARATION AND SAFETY; THE RISK IS REAL SO BE PREPARED.
The first step in protecting your home and family is purchasing flood insurance. However, there are still a few things you can do to maximize your coverage, assure your safety, and prepare before a flood. Floods can happen anytime and anywhere, and they can happen fast. So whether you live on the river or not, you should always be ready. Here are some important things you can do to prepare:
BE SAFE DURING A FLOOD
We hope that you never have to experience a flood firsthand however, there are a few things you can do to stay safe.
FLOOD WARNING SYSTEM
The town, in cooperation with Martin County, keeps our residents informed about potential flooding. The Martin County EOC (Emergency Operation Center) in coordination with the National Weather Service (NWS) relays updates of threatening weather to government and media outlets. The NWS will issue a flood advisory for our area at least 6 hours before expected rainfall would overflow our drainage systems and cause the isolation of buildings by inland water ponding. Tune to the following radio and television stations for information on flood threats: