{"id":47,"date":"2016-06-09T15:18:14","date_gmt":"2016-06-09T15:18:14","guid":{"rendered":"http:\/\/floodzoneexpert.com\/wp\/?p=47"},"modified":"2016-07-11T13:47:02","modified_gmt":"2016-07-11T13:47:02","slug":"letter-of-map-amendment","status":"publish","type":"post","link":"https:\/\/floodzoneexpert.com\/wp\/letter-of-map-amendment\/","title":{"rendered":"Letter of Map Amendment"},"content":{"rendered":"

Flood Zone\u00a0Maps Aren’t Always Right<\/h3>\n

If you believe your property was incorrectly included in a\u00a0National Flood Insurance Program (NFIP)<\/a>\u00a0identified Special Flood Hazard Area (SFHA), you may submit an application to FEMA for a formal determination of the property’s location and\/or elevation relative to the SFHA.<\/p>\n

The SFHA is the area that has a 1-percent or greater chance of flooding in any given year; this area is also referred to by some as the 1-percent-annual-chance floodplain, base floodplain or the 100-year floodplain. After FEMA reviews the map change request, it will issue a Determination Document, either approving or denying the map change.<\/p>\n

If FEMA grants the map amendment or revision request, the property owner may no longer be required to pay flood insurance. The property owner may send the Determination Document to their lender and request that the federal flood insurance requirement for the structure be removed.<\/p>\n

What is a LOMA? And What Will It Accomplish?<\/h3>\n

A Letter of Map Amendment (LOMA) is a document which revises a Federal Emergency Management Agency (FEMA) Flood Map. \u00a0A licensed professional land surveyor can produce a LOMA, which in many cases, will completely eliminate the need for Flood Insurance.<\/p>\n

This can result in substantial savings to the homeowner over time. \u00a0Flood insurance rates vary greatly depending on the value of the home, but you can expect to pay $300-$3,000 per year for flood insurance. \u00a0Over the course of a 30 year mortgage, eliminating the need for Flood Insurance could save you $9,000 – $90,000 dollars!!!<\/p>\n

How much are you paying a year? \u00a0Contact us<\/a>\u00a0to discuss whether your property would be a good candidate for removal.<\/p>\n","protected":false},"excerpt":{"rendered":"

At Alpine Land Surveying, we are finding that 85% of the structures which are being forced to pay flood insurance by their lenders actually qualify for a Letter of Map Amendment.<\/p>\n","protected":false},"author":1,"featured_media":59,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-47","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/floodzoneexpert.com\/wp\/wp-json\/wp\/v2\/posts\/47","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/floodzoneexpert.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/floodzoneexpert.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/floodzoneexpert.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/floodzoneexpert.com\/wp\/wp-json\/wp\/v2\/comments?post=47"}],"version-history":[{"count":7,"href":"https:\/\/floodzoneexpert.com\/wp\/wp-json\/wp\/v2\/posts\/47\/revisions"}],"predecessor-version":[{"id":89,"href":"https:\/\/floodzoneexpert.com\/wp\/wp-json\/wp\/v2\/posts\/47\/revisions\/89"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/floodzoneexpert.com\/wp\/wp-json\/wp\/v2\/media\/59"}],"wp:attachment":[{"href":"https:\/\/floodzoneexpert.com\/wp\/wp-json\/wp\/v2\/media?parent=47"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/floodzoneexpert.com\/wp\/wp-json\/wp\/v2\/categories?post=47"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/floodzoneexpert.com\/wp\/wp-json\/wp\/v2\/tags?post=47"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}