If your property is in the Special Flood Hazard Area (SFHA), you may be notified by your mortgage company if you are required to obtain flood insurance. Additional information about flood insurance can be found at FloodSmart.gov.
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A Flood Insurance Rate Map (FIRM), flood map, is an official flood map issued by FEMA for insurance and floodplain management purposes that identifies Special Flood Hazard Areas (SFHAs) that have a 1% and 0.2% annual chance of flooding. Current FIRMs are viewable at FEMA's Map Service Center. The Flood Insurance Study (FIS) compiles and presents flood risk data for specific watercourses, lakes, and coastal flood hazard areas within a community. When a flood study is completed, the information and maps are assembled into an FIS. The FIS report contains detailed flood elevation data in flood profiles and data tables.
FEMA, not the City, will release preliminary maps for the community to review and provide comments on during the 90-day public appeal and comment period. Following the appeal and comment period, FEMA will finalize the flood maps for adoption. To view the project timeline, visit srcity.org/FEMAFloodMapping. The City is unable to determine at this time if any particular property or structure will be identified in the revised flood maps. City staff can only supply the results of our local flood study that does not identify flood risk by property.
If your house, garage, studio, barn, or other insurable structure is mapped in the Special Flood Hazard Area (SFHA), discuss the implications with your insurance agent. If you have a federally backed loan or mortgage, you will be required by your lender to purchase flood insurance annually. Homeowner insurance policies do not cover flood damage.
City staff cannot provide property owners estimates of how much their required flood insurance premium might be. Flood insurance premiums take into consideration many site-specific factors including, but not limited to, an individual property’s level of flood risk, design and age of a structure, and desired coverage amount. The City recommends property owners contact their insurance agent regarding potential insurance costs. The National Flood Insurance Program (NFIP) is also a good resource. Visit FloodSmart.gov for additional information about what factors may impact flood insurance policy costs.
If you are required to obtain flood insurance, but no structure(s) are located in the SFHA, property owners can apply to submit a Letter of Map Amendment – Out as Shown (LOMA-OAS) to FEMA. Click here to view the documentation and submittal process. If approved, the LOMA-OAS removes the mandatory flood insurance requirement. To learn more, visit FEMA's website or contact the FEMA Mapping and Insurance eXchange (FMIX) at 877-336-2627 or [email protected].
Impacts from flooding are generally not included in standard renters’ insurance. Renters can opt to obtain flood insurance for renters but are not required to do so. Click here for information on the National Flood Insurance Program (NFIP). Property owners are highly encouraged to share flood insurance coverage information with tenants and may be mandated by state law for renters in the Special Flood Hazard Area (SFHA).