January 22, 2018

The Federal Emergency Management Association (FEMA) is currently contacting each individual policyholder that is part of the National Flood Insurance Program (NFIP) regarding his or her flood insurance policy.  All policyholders will receive a letter via USPS notifying them of their flood risk status and imminent annualized rate increases.  Homes and commercial buildings previously grandfathered into low flood insurance rates will all be subjected to the new rate increases.

Rate increases ranging anywhere from 5% – 25% will take effect this year, and will continue to increase annually until FEMA completely phases out and dismantles all federal subsidies for flood insurance. Home and business owners are required to absorb these skyrocketing costs, leaving many searching for affordable solutions to mitigate their real damage and true property risks.

Determining a property and/or structures’ flood risk can be a complicated process.  Many factors are evaluated during the process of this risk determination such as: 1) the type of 100-year Flood Zone, 2) availability of any flood studies, 3) detail (or lack thereof) published on the Flood Insurance Rate Map (FIRM). To help determine the options available to you to try and mitigate the increase in your flood insurance rate, Accupoint Surveying & Design, LLC offers a free initial consultation with our licensed professionals . Once the specific circumstances of your property are understood, Accupoint can recommend a plan of action.

Often times a Flood Elevation Certificate (FEC) is an acceptable way to mitigate the flood insurance rate increase.  This document is prepared by a licensed land surveyor  (LS) and is required by FEMA to determine if the property/structure in question falls within the 100-year flood zone. If the property or structure does fall within the zone, it also determines what level of flood risk is involved.  A FEC shows the elevations at key points located on the property or structure and their relation to the elevation of the 100-year flood zone. In most cases, this document is required by FEMA to establish the overall risk factor for the property or structure.

If in the process of evaluation there are still questions regarding flood risk determination and flood insurance rates, Accupoint works closely with Flood Relief Specialists (FRS). FRS are experts in the flood insurance industry and act as advisors to customers impacted by flood insurance. FRS has a consistently proven track record of obtaining decreased flood insurance rates based on data provided by Accupoint.

If you or someone you know has received a notification from FEMA or has property or structures that are currently covered by NFIP flood insurance, contact Accupoint Surveying & Design, LLC and speak with our staff professional about how we can help you.