What will existing businesses with expansion plans and developers of new projects have to do to when FEMA’s revised flood insurance rate maps go into effect?
Existing businesses that have a mortgage on their property will be required to purchase Flood Insurance for their current facilities and to insure the contents. If they own their buildings outright and no longer hold a mortgage, flood insurance won’t be required but is still recommended. Those with expansion plans and developers of new projects will need to adhere to new elevation standards for construction of any new buildings. The specifics will depend on the outcome of the AR Zone application.
Related Questions
- What will existing businesses with expansion plans and developers of new projects have to do to when FEMA’s revised flood insurance rate maps go into effect?
- CAN IMPROVEMENTS, SUCH AS ADDITIONS AND REMODELS, BE MADE TO EXISTING HOMES, BUSINESSES, AND OTHER STRUCTURES WITHIN SPECIAL FLOOD HAZARD AREAS?
- How should existing Green Guide Operations projects approach the 2008 Revised Green Guide Operations section?
