Florida Floodzone Services
461 SE 3rd Terrace
Pompano Beach, FL 33060
ph: 954-290-7420
bspencer
Florda Flood Zone Services has been reviewing the flood insurance rate maps (FIRM) for Broward County Florida. The old flood maps were issued in 1997 (17 years ago) and this set of maps also reused some 1992 maps. Our research and development division has created a process to review the effects of the new flood zones. This process has been divided into three phases. With our review we will be able to determine if the flood zones have discrepancies or mapping errors, and if the flood zone will have a negative or positive affect in neighborhoods. Working with the 2009 Miami-Dade County maps, we have experience that new maps are not perfect.
The Second Step is to review the changes in the base flood elevations (BFE) on areas remaining in the flood zones. We have discovered that a rounding issue might cause homeowners flood insurance to increase. The new maps are based on the North American Vertical Datum of 1988 (NAVD88), while the old maps are based on the National Geodetic Vertical Datum of 1929 (NGVD29). The difference between the two datums are 1.51 feet for Broward County. The floor elevation of the houses are not changing, the reference datum is different.
For example a house built at the elevation of 10.0' NGVD29 is converted to 8.5' NAVD88.
It is apparent that the base flood elevation have been convert in most of the flood zone and then rounded up.
For example the same house was built with a BFE of 10.0' NGVD29, and is convert to 8.5' NAVD88, and then rounded to 9.0' NAVD88 on the new flood maps.
This rounding factor can cause a house to be in noncompliance to the new flood zone. Owners changing insurance companys or potential buyers will be affected by higher insurance cost. Examples
AH flood zone is based on being compliant or not compliant, for maximum coverage the insurance is $461 for a compliant structure, while the same flood policy a noncompliant structure's cost will be $1,328.
AE flood zone is based on how high the structure is from the BFE, insurances could increase for a house built at the BFE from $1,526 to $2,792 (Pre-FIRM) or $5,380 (Post-FIRM).
VE flood zones we estimated the insurance could increase $6,000 to $12,000.
Per our initial review we have determine that the flood zone limits are valid locations, but the calculate base flood elevation need to be investigated. Community economical impacts are part of phase three, and is currently being work on.
Even if your home is on a river, lake, canal or intracoastal waterway, you still might be a candidate. Talk with one of our representatives and we can determine if you meet the qualifications. If Florida Floodzone Services is not able to successfully obtain a re-classification status for your property, we will refund all payments received. Our main goal is to provide a 100% guaranteed LOMA service for one lump sum cost, without any hidden additional cost. At least you will get a professional second opinion on you flood zone & flood insurance situation.
Copyright 2007-2021 by Florida Floodzone Services. All rights reserved.
Florida Floodzone Services
461 SE 3rd Terrace
Pompano Beach, FL 33060
ph: 954-290-7420
bspencer