I've seen flood insurance quotes that add several thousand dollars to the annual holding cost of some properties! It's something that wouldn't even be necessary for a property that isn't in a flood zone. In some cases, flood insurance can get very expensive. Keep in mind, the added cost of flood insurance isn't always huge, but it depends on the type of flood zone a property is located in. A property with an elevated flood risk can create a serious obstacle in the selling process. When most buyers find out they need flood insurance (and, more importantly, how much it can cost them), it can be a deal-breaker for them when they otherwise would've been happy to buy your property.

Most lenders will require their borrowers to pay for flood insurance to mitigate that risk.Įven if you buy a property free and clear and don't purchase flood insurance, it will still most likely be a problem for the next owner. If your property is in a confirmed flood zone and you are borrowing money to buy the property, the short answer is yes.Įven if the risk is relatively small, a property at risk of flooding puts the lender's collateral at stake. RELATED: How to Identify (and Avoid) Wetlands Do I Need Flood Insurance? What's more, if you're buying land in a flood zone using some kind of financing (such as from a bank or a credit union), they may require you to pay for flood insurance. When a property is located in a confirmed flood plain, it can have a serious effect on the cost of property ownership, even if it doesn't flood. Simply understanding your situation is half the battle won: But regardless of how concerned you are about it, there are at least a few solid reasons to check whether your property is situated in (or anywhere near) a flood zone. So if there is ANY risk that your property is in a flood zone- is it really worth rolling the dice on this? Why Do Flood Zones Matter?įlooding may or may not end up hitting you where you live. Like most natural disasters, a flood can wipe out everything you own in a matter of seconds. But what if YOU are part of that dreaded statistic. It's an understandable bias, because statistically speaking, the average person will never have to deal with it. Orange is moderate risk and Grey is low risk.For most of us, the risk of losing everything in a flood is NOT something we lose sleep worrying about at night.įlooding disasters tend to be highly infrequent, once-in-a-lifetime events that happen to other people, right? Blue areas denote the high risk flood zone.Type your address in the space to the left of the magnifying glass.Please give the map time to load - it has a lot of information.Please use the interactive City of Venice flood zone map below, to determine your flood zone. The part of the coastal SFHA referenced by building codes and standards where wave heights can be between 1.5 and 3 feet during a base flood event. The LiMWA marks the inland limit of the Coastal A Zone. The area determined to be outside the 500-year floodplain.įlood maps in coastal areas may include a line called the Limit of Moderate Wave Action (LiMWA). Usually depicted on FIRMS and DFIRMS as above the 500-year flood level. Also known as the area of 0.2% annual chance flood hazard.Īrea of minimal flood hazard. Mandatory flood insurance purchase requirements and floodplain management standards apply.Īrea of moderate flood hazard, usually the area between the limits of the 100-year and the 500-year floods.

Mandatory flood insurance purchase requirements and floodplain management standards apply.Īreas subject to inundation by the 1% annual chance flood event with additional hazards due to storm induced velocity wave action. Because detailed hydraulic analyses have not been performed no base flood elevations (BFEs) or flood depths are shown. Mandatory flood insurance purchase requirements and floodplain management standards apply.Īreas along coasts subject to inundation by the 1% annual chance flood event with additional hazards associate with storm induced waves. Mandatory flood insurance purchase requirements and floodplain management standards apply.Īreas subject to inundation by the 1% annual chance flood event determined by detailed methods. Because detailed hydraulic analyses have not been performed, no base flood elevations (BFEs) or flood depths are shown.

Understanding Stormwater and the EnvironmentĪreas subject to inundation by the 1% annual chance flood event generally determined by using approximate methodologies.

Current Flood Maps VS Preliminary Flood Zone Map.

An Increasing Flood Risk in the City of Venice.

Find your flood zone by address