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Aar <br /> y Federal Emergency Management Agency <br /> s <br /> Washington, D.C. 20472 <br /> ADDITIONAL INFORMATION REGARDING <br /> LETTERS OF MAP REVISION BASED ON <br /> FILL <br /> When making determinations on <br /> (LOMB-Fs), the De �u� for Letters of Map Revision based on the placement of fill <br /> partment of Homeland Security's Federal Emergency Management Agency (FEMA) <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 FEMA's determination. In such cases, the community will be informed by letter. <br /> Requesters also should be aware that removal of a property(parcel of land or structure) from the Siai <br /> Flood Hazard Area (SFHA) mpec <br /> 'means FEMA has determined the property is not subject to inundation by the <br /> flood having a I-percent chance of being equaled or exceeded in any given year(base flood). 'Phis dos <br /> not mean the property is not subject to other flood hazards. The property could be inundated by a flood <br /> with a magnitude greater than the base flood or by localized flooding not shown on the affective National <br /> Flood Insurance Program(NFIP)map. <br /> The effect of a LOMR-F is it removes the Federal requirement for the lender to require flood insurance <br /> coverage for the property described. The LOMB-F is not a waiver of the condition that the p <br /> owner maintain flood insurance coverage for the Property roperty Only the lender can waive the fl <br /> Purchase requirement because the lender imposed the requirement. The propood insurance <br /> so owner mutt request and <br /> receive a written waiver from the lender before cmrceling the policy. The lender may determ <br /> financial risk on the loan. ine, on its <br /> own as a business decision, that it wishes to continue the flood insurance requirement to protect its <br /> The LOMR-F provides FEMA's comment on the mandatory flood insurance requirements of the NFIP as <br /> they apply to a particular property. A LOMR-F is not a building permit, nor should it be construed as <br /> such. Any development, new construction, or substantial improvement of a property impacted by s <br /> LOMR-F must comply with all applicable State and local criteria and other Federal criteria <br /> If a lender releases a Property owner from the flood insurance requirement, and the property owner decides <br /> to cancel the Policy and seek a refund, the NFIP will refund the premium paid forthe tcurrent policy year, <br /> provided that no claim is pending or has been paid on the Policy during the currenpolicy 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 SFHA, 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 by the NFIP aro for policies for structures located outside the SFHA in ZonesB, C, X(shaded), or X <br /> (unshaded). More than one-fourth of all Policies purchased under the NFIP protect structures located in <br /> these zones. The risk to structures located outside SFHAs is just not as great as the risk to structures <br /> located in SFHAs. 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 /> FEMA encourages the widest possible coverage under the NFIP. <br /> LOMRFENC-I <br />