Looking for a new home can be both stressful and exciting at the same time. There are many aspects to consider after finding that potential dream home, not least of which should be determining the risk of flooding. Everyone lives in a flood zone–it's just a question of whether you live in a low, moderate, or high risk area.
Purchasing a home in a high risk Flood area can add thousands of dollars in insurance premiums per year, not to mention the heartache and aggravation incurred by damage to property and belongings should flooding occur.
NJ Property Fax offers a simple cost effective way of ensuring that you are informed about the risk of flooding on a property. Hours of time and money can be saved by Real Estate Professionals, home buyers and sellers by performing a Flood Search.
A Flood search is a comprehensive analysis of structures and property boundaries to determine which Flood zones may apply. A report in PDF form is emailed to you within 24 hours; most reports are completed within a few hours. The report consists of the following map overlays:
Using the latest GIS (Geographic Information System) technology and most currently available information from FEMA (Federal Emergency Management Agency) NJPF will provide a complete, fully insured report on the selected property.
Since standard homeowners insurance doesn't cover flooding, it's important to have protection from the floods associated with hurricanes, tropical storms, heavy rains and other conditions that impact the U.S.
In 1968, Congress created the National Flood Insurance Program (NFIP) to help provide a means for property owners to financially protect themselves. The NFIP offers flood insurance to homeowners, renters, and business owners if their community participates in the NFIP. Participating communities agree to adopt and enforce ordinances that meet or exceed FEMA requirements to reduce the risk of flooding.
Flood zones are land areas identified by the Federal Emergency Management Agency (FEMA). Each flood zone describes that land area in terms of its risk of flooding. Everyone lives in a flood zone–it's just a question of whether you live in a low, moderate, or high risk area.
High risk flood areas are known as SFHAs (Special Flood Hazard Areas)
Over the course of a 30 year mortgage, properties in a SFHA have a 26% chance of flooding at least once over the course of the loan.
Any structures on a property which fall inside SFHA zone A or V are required to get Flood insurance.
A Non-Special Flood Hazard Area (NSFHA) is an area that is in a moderate-to-low risk flood zone (Zones B, C, X Pre- and Post-FIRM). An NSFHA is not in any immediate danger from flooding caused by overflowing rivers or hard rains.
However, it’s important to note that structures within a NSFHA are still at risk. In fact, one out of four floods occurs in an NSFHA!
The 1% annual flood (100 year flood), also known as the base flood, is the flood that has a 1% chance of being equaled or exceeded in any given year.
The Special Flood Hazard Area is the area subject to flooding by the 1% annual chance flood. Areas of Special Flood Hazard include Zones A, AE, AH, AO, AR, A99, V, and VE.
The Base Flood Elevation is the water-surface elevation of the 1% annual flood.
Yes you can. Have a professional engineer or surveyor produce A Flood Elevation Certificate.
A structure with a properly completed Elevation Certificate may qualify for a discount on flood insurance premiums. The structure or property can be removed from a SFHA with a Letter Of Map Amendment (LOMA).
A Flood Elevation Certificate is a document generated by an engineer, or surveyor, that can determine where precisely your home is located in relationship to the Base Flood Elevation. The Flood Elevation Certificate is a tool that FEMA uses to certify building elevations, and if the building is located in a Special Flood Hazard Area.
If you believe your property is not located in the designated 100-year floodplain [also known as a 1-percent-annual-chance floodplain, or Special Flood Hazard Area (SFHA)], as shown on the effective Flood Insurance Rate Map or Digital Flood Insurance Rate Map for your community and you would like the Federal Emergency Management Agency (FEMA) to make an official determination regarding the location of your property relative to the SFHA, you may request a Letter of Map Amendment (LOMA) or a Letter of Map Revision Based on Fill (LOMR-F).
You can request removal of a property and/or structure from the SFHA, for a single residential lot or structure (MT-EZ), and for requests involving multiple residential lots or structures and for all LOMR-F requests (MT-1).
A Geographic Information System (GIS) integrates hardware, software, and data for capturing, managing, analyzing, and displaying all forms of geographically referenced information. GIS allows us to view, understand question, interpret, and visualize data in many ways that reveal relationships, patterns, and trends in the form of maps, globes, reports, and charts.
NJ Property Fax has all its Tidelands searches performed by Western Technologies Group, LLC. Western Technologies Group, LLC. is a New Jersey mapping company leveraging 20 years of mapping experience, collections of parcel mapping, tax maps, filed sub-division maps and engineering drawings to identify, in real space, property boundaries in New Jersey. This geographic data helps WTG make accurate, timely and informed decisions. WTG is a leader in Tidelands and Flood Searches for hundreds of Title companies, banks, mortgage companies and Real Property professionals in the US.