Search Results for keywords:"Flood Insurance Premium Rates"

The Federal Emergency Management Agency (FEMA) has finalized new or modified flood hazard determinations for various communities. These updates, shown in Letters of Map Revision (LOMR), affect the Flood Insurance Rate Maps and, in some cases, the Flood Insurance Study reports. These changes are used to determine flood insurance premium rates for new buildings and their contents. The adjustments have been made to comply with floodplain management measures required by the National Flood Insurance Program (NFIP).

The Federal Emergency Management Agency (FEMA) under the Department of Homeland Security is seeking comments on proposed changes to flood hazard determinations. These changes may affect the Base Flood Elevation, flood depths, and other flood-related designations on Flood Insurance Rate Maps (FIRMs) and in Flood Insurance Study (FIS) reports for certain communities. These maps and studies are important because they help determine flood insurance rates and the necessary measures for community participation in the National Flood Insurance Program (NFIP). The public can submit comments until June 1, 2021, and more information can be accessed through the FEMA Map Service Center.

The Federal Emergency Management Agency (FEMA) has issued a notice regarding changes in flood hazard determinations for certain communities. These determinations involve updates to things like Base Flood Elevations and Special Flood Hazard Area boundaries, based on new scientific or technical data. The changes are reflected in the Flood Insurance Rate Maps and Flood Insurance Study reports, which have been updated through Letters of Map Revision. These updates are important for calculating flood insurance premium rates and must be used for new and renewed policies. Community members have 90 days after the changes are announced locally to request a review of these flood hazard determinations.