If a portion of the land is in the Special Flood Hazard Area, but the building itself is not, what will the flood zone determination state and is flood insurance required?
The Standard Flood Hazard Determination Form asks the following question: Is the Building/Mobile Home in Special Flood Hazard Area (Zones containing the letters A or V)? Thus, the mandatory purchase of flood insurance requirement is tied to the location of the improvements (building/mobile home) on the property and not the land itself. If no portion of the building itself (including decks and screened porches) is located within the Special Flood Hazard Area on the flood map, then the federal flood insurance requirement does not apply. 16. What is the Notice of Special Flood Hazards and Availability of Federal Disaster Relief Assistance form (or Borrower Notification Letter) and when is it to be used? Is a Lending Institution required to use the sample form of this Notice found in the regulations? When a lending institution makes, increases, renews, or extends a loan, and it is determined that the building securing the loan is located or to be located in the Special Flood Hazard Area (S
Related Questions
- If a portion of the land is in the Special Flood Hazard Area, but the building itself is not, what will the flood zone determination state and is flood insurance required?
- What if I believe that my property is not located in a Special Flood Hazard Area, but the flood determination says that it is?
- Does elevating a structure on posts or pilings remove a building from the Special Flood Hazard Area (SFHA)?
