What to Do About Flood Insurance

Due to the signing of the “Homeowner Flood Insurance Affordability Act” on March 21, 2014, some of the content of this blogpost has changed. Please refer to my post “Flood Insurance Update

DISCLAIMER: I am certainly not an expert or an insurance agent, but these are my personal take-a-ways from community meetings, handouts and online research. For specific information regarding your home, you should contact your insurance agent.  

This post was initially written for my neighborhood association, so there are specific references to my city and county, but the concepts still apply wherever you live.  

If you haven’t read it yet, please read The Bottom Line on Flood Insurance before continuing here.  

What many don’t understand is that the repercussions of the Biggert-Waters Act will affect everyone in some way. Those not in a flood zone today might be in one tomorrow if FEMA re-draws their FIRM map!  It doesn’t really matter if your home or neighborhood has ever flooded or not.  My neighborhood was built 40 years ago and has never, ever flooded, yet we will see our flood insurance rates rise.  


(1) Write your representatives.  In addition to the US Senators, this needs to come to the attention of our US Congressmen, and our state representatives that can influence them, including the Governor.  Your Mayor should be advocating for you.  It is more effective to contact your representatives directly.     

(2) Tell your friends.  You may have many friends or acquaintances who live in flood zones.  They may not even know about this, or how it will affect them, and they need to write/email/call their representatives as well.  And not just my friends in St Petersburg!  Remember Pinellas County will be the most impacted county in the country.  No kidding.  Ahead of Lousiana!  This will affect your friends in flood zones around the state and the US.   

(3) Get an Elevation Certificate, if you don’t have one.  First contact the company that did your latest survey and see how much they will charge, or pull out the phone book.  Your flood insurance company will want a copy (along with a recent picture of the front and back of your house), and the Pinellas County Property Appraiser wants a copy too (she should have information on how to send it to her on her website).  

ELEVATION CERTIFICATE: The two important numbers you need off the EC are the “BFE” (Base Flood Elevation) which is how high FEMA thinks it will flood at your house (mine is 11′) and the “top of bottom floor” which is the floor inside your house on slab (mine is 8′).  This means I am a “minus 3” and this number will determine the new flood insurance rate for a new owner.  The crazy flood insurance rates that are being quoted on the news have been from the beaches where they are probably -5 or -6 (Treasure Island, at least)  Obviously raising your house at or above the BFE will get you the best rate.  

FLOOD ZONES: You should also know what flood zone your are in.  Most of my neighborhood is Flood Zone “AE” which is the other important thing an agent needs to know, but the homes directly along Boca Ciega Bay are “VE” (think “V”=velocity, meaning wind-driven flooding) and some of the non-waterfront homes towards the northeast corner might be “X” (not a flood zone) (Pinellas residents can check the flood zone maps online to be sure.  

Note: Flood Zone is not the same as Evacuation Zone which is stated on the Pinellas Property Appraisers website  

If you are non-subsidized (categories 1, 3 or 4 from previous blog) then your EC may actually bring your rates down, so it’s definitely worth getting and your insurance company is going to require it soon anyway.  Also they should be checked for accuracy – people have found discrepancies in zoning or BFE from the maps and argued their way into better rates.   

I hope these blog posts have educated you enough to have a better understand of how flood insurance works and the impact of the Biggert-Waters Act.  If you have additional questions you should contact your insurance agent ASAP.


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