The following flood zone designation determines whether or not flood insurance is mandated.įlood insurance rate zone determined by approximate methods, as no Base Flood Elevations (BFEs) are available for these areas. All areas are susceptible to flooding, although to varying degrees. Property owners should consider purchasing a flood insurance policy, even if it is not mandated for their location. Establish minimum finished-floor elevations for new construction and substantial improvements to existing structures.īy adopting the flood maps, Broward County is assured that FEMA will offer assistance during emergencies and provide flood insurance coverage for county residents.Ĭurrently, residents and businesses in Broward County are encouraged to view the flood maps to better understand their potential flood risk and to help identify steps they may need to take to protect against property damage and loss.
Determine flood insurance purchase requirements. After the effective date, the finalized maps must be used by insurance companies for flood insurance purposes and the updated base flood elevations must be used for all new construction and substantial improvements to existing construction. Please visit the Rhode Island Emergency Management Agency (RIEMA) and FloodSmart for additional important information.FEMA established that the effective date for the new Broward County flood maps was August 18, 2014. In any case, since standard homeowners insurance doesn’t cover flooding, it’s important to have protection from the floods associated with hurricanes, tropical storms, heavy rains, and other conditions that impact the U.S, regardless of whether you are in a flood zone or not. If you’ve been mapped into a high-risk area, you will be required to purchase flood insurance if your mortgage is through a federally regulated or insured lender. If your property is mapped out of a high-risk area, your flood insurance costs will likely decrease. When new maps are issued, your risk may have changed as well, along with your flood insurance requirements. The most recent flood maps for the Town of Narragansett have an effective date of October 16, 2013. These new flood maps, also, known as Digital Flood Insurance Rate Maps (DFIRMs), show flood risk at a property-by-property level. As a result the Federal Emergency Management Agency (FEMA) has updated flood hazard maps across the country. įlood risk can, and does, change over time, and flood risks change for many reasons such as new development, changes in levee classification, or environmental changes (to name a few). For more information on Flood Insurance, please go to. By participating, property owners can purchase federally –backed flood insurance, as typically home owners insurance does not cover flooding. The Town of Narragansett, and all other Rhode Island Cities and Towns participate in the NFIP. Overall, the program reduces the socio-economic impact of disasters by promoting the purchase and retention of general risk insurance, but also of flood insurance, specifically”. These efforts help mitigate the effects of flooding on new and improved structures. It does so by providing affordable insurance to property owners and by encouraging communities to adopt and enforce floodplain management regulations. “aims to reduce the impact of flooding on private and public structures. The Federal Emergency Management Agency explains that the National Flood Insurance Program (NFIP) Participating communities agree to adopt and enforce ordinances that meet or exceed FEMA requirements to reduce the risk of flooding. The NFIP offers flood insurance to homeowners, renters, and business owners if their community participates in the NFIP. 
In 1968, Congress created the National Flood Insurance Program (NFIP) to help provide a means for property owners to financially protect themselves.
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