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' Federal Emergency Management Agency <br /> 's ea Washington. U.C. 30,172 <br /> ADDITIONAL INFORMATION REGARDING <br /> LETTERS OF MAP REVISION BASED ON FILL <br /> When making determinations on requests for Letters of Map Revision based on the placement of fill <br /> (LON1R-17s). the Department of Homeland Security's Federal Emergency Management Agency (FFNIA) <br /> bases its determination on the flood hazard information available at the time of the determination. <br /> Requesters should be aware that flood conditions may change or new information may be generated that <br /> would supersede FEN1A's determination. In such cases,the community will be informed by letter. <br /> -- Requesters also should-be-io"re thatremovalof a propeny(parcel'of land-orrstructure) treat the Special----- <br /> Flood Hazard Arca (SFHA) means FEMA has determined the property is not subject to inundation by the <br /> flood having a I-percent chance official; equaled or exceeded in any given year (base flood). This does <br /> not mean the property is not subject to other flood ha/ards. file property could be inundated by a flood <br /> with a magnitude greater than the base flood or by localized flooding not shown un file effective National <br /> Flood Insurance Program (NFIP)map. <br /> The effect of it LOMR-F is it removes the Federal requirement for the lender to require flood insurance <br /> coverage for the property described. 'Ilie I,OMR-F is Prot a waiver of the condition that the property <br /> owner maintain flood insurance coverage for the property. Odr the lender can wane the flood insurance <br /> purchase requirement because the lender imposed the requirement. The property owner must request aid <br /> recene a twillen waiver jtorn the lender helore canceling the pulicv. 'File lender may determine. on its <br /> own as a business decision, that it wishes to continue the flood insurance requirement to protect its <br /> financial risk on the loan. <br /> I he LON1R-F provides FEMA's comment on the mandatory flood insurance requirements of the NFIP as <br /> they apphr to it particular property. A LOMR-F is not it building permit. nor should it he construed as <br /> such. Any development, new construction, or substantial improvement of a property impacted by a <br /> LOMR-F must comply with all applicable State and local criteria and other Federal criteria. <br /> If it lender releases a propem'owner from the flood insurance requirement. and the property owner decides <br /> to cancel the policy laid seek a refund, the NFIP will refund the premium paid For the current policy year. <br /> ------------pruoided that no claim is-pendingorInas been paid on the policy during the current policy year. The <br /> property owner must provide a written waiver of the insurance requirement from the lender to the property <br /> insurance agent or company servicing his or her policy. The agent or company will then process the <br /> refund request. <br /> Even though structures are not located in an SH IA. as mentioned above, they could be flooded by a <br /> flooding event with a greater magnitude than the base flood. In fact, more than 25 percent of all claims <br /> paid be the NFIP are for policies for structures located outside the SFHA in Zones E. C. X (shaded), or X <br /> (unshaded). More than one-Borth of all policies purchased under the NFIP protect structures located in <br /> these zones. The risk to structures located outside SH IAs is just not as great as the risk to structures <br /> located in SFIiAs. Finally. approximately 90 percent of all federally declared disasters are caused by <br /> flooding. and homeowners insurance does not provide financial protection from this flooding. Therefore. <br /> FI7NIA encourages the widest possible coverage under the NI'IP. <br /> LOMRFENC-I <br />