FEMA Mapping Status & Flood Insurance...2020/05/04 · Big Changes Coming - FEMA Risk Rating 2.0...
Transcript of FEMA Mapping Status & Flood Insurance...2020/05/04 · Big Changes Coming - FEMA Risk Rating 2.0...
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FEMA Mapping Status & Flood Insurance
December 11, 2019
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FEMA Mapping Updates
Funded through Preliminary New Maps
New DFIRM in 2019*
*
Flood Insurance Rate Map (FIRM)Digital Flood Insurance Rate Map (DFIRM)
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FEMA Map with Special Flood Hazard Area (SFHA) on Paper Maps
National Standard of “100-yr flood” aka Base Flood Elevation (BFE) or 1% annual chance flood
High Flood Risk (must require
flood insurance & regulate if below BFE)
Medium Flood Risk
Low Flood Risk
Zone A & AE (old)
Zone A & AE (new)
Zone B (old maps)
Zone X (shaded)
Zone C (old maps)
Zone X (unshaded)
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FEMA Map with Special Flood Hazard Area (SFHA) on Digital Flood Insurance Rate Maps (DFIRMs)
High Flood
Risk (must
require flood insurance and regulate)
Medium Flood Risk
Low Flood Risk
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Is it “in” floodplain? For mandatory flood insurance? For zoning?
Proposed Site
Proposed Site
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Upcoming Mapping Related Timing(mainly current best guesses)
•Coastal Mapping (Lake Superior)
• Cook, Lake & St. Louis counties Flood Risk Review meetings – May 2, 2018 (Reviewed draft coastal work maps)
• Link on MNDNR web site to see work maps (mndnr.gov/countyFPdata– quick link; not working now)
• WI Counties: Also in progress
•St Louis River Watershed & St Louis Countywide updates in progress – Flood Risk Review meetings summer 2020 & prelims later 2020
•Cook & Lake – FEMA funding ~600 lake studies (by roads) in next 2-3 years
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Flood Insurance: Anyone in Participating National Flood Insurance Program Communities Can Purchase
• X Zone (B/C Zones)
Preferred Risk Policy (PRP); discounted
Standard policy
• A Zones (A, AE, A1-30, AO)
Pre-FIRM (Subsidized; going up 18-25% /yr)
Post FIRM (elevation rated; LFE-BFE)
• A Zones, but special
Newly Mapped – start with PRP rates; go
up ~15% / yr
Grandfathered – Keep previous zone;
standard X policy or LFE-BFE (if cheaper)
LFE – Lowest Floor Elevation
BFE – Base Flood Elevation
~71% of MN policies
~52% of WI policies
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MN Historical Flood Insurance Policies
For more on flood insurance: www.floodsmart.gov
Remember 30-day waiting period (if not new loan)!
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Big Changes Coming - FEMA Risk Rating 2.0 Delayed to 2021 (as of 11/7/19)
• Individualized building risk approach
•Getting away from “cliff” effect
•Specifics are not known, but likely considerations include:
• Distance from flooding source
• Consider more frequencies (10-yr, 25-yr, 50-yr and 500-yr)
• Cost to rebuilt house (not have lower value homes subsidize higher value homes)
• Type of structure
•More info at NFIP Transformation and Risk Rating 2.0
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MNDNR Floodplain Web Site
• Use mndnr.gov/floodplain or Search “MN Floodplain Management” for main page
• Floodplain Maps and Technical Resources: Find Flood Maps, Map Updates, Map Appeals, etc.
• See upcoming trainings and past Water Talk newsletters on “Floodplain Training and Education” page (can also subscribe to Water Talk newsletter)
WI DNR web site: https://dnr.wi.gov/topic/floodplains/