The Importance of an Elevation Certificate for Pre-FIRM Buildings

Was your house built before 12/1/1974? If so, it is likely considered pre-FIRM. FEMA identifies a building as either pre-FIRM or post-FIRM, depending on its construction date in relation to the first Flood Insurance Rate Map (FIRM) issued for a community.  Most initial FIRMs were issued in the mid ‘70s.  The significance of this designation is that prior to FEMA producing a FIRM for you community, it is very likely that your community had not adopted any codes designed to minimize the impact of flooding on new construction projects.  So, if you are paying for flood insurance on a Pre-FIRM building, then you started out with the NFIP’s subsidized pre-FIRM rate.  Subsidized sounds like a bargain, right?  Not necessarily.

While the NFIP does offer discounted rates at the start, for buildings constructed before a community’s flood zones were mapped and studied, what you may not realize is that those rates increase every year until the discounts are gone and you are paying FEMA’s full-risk rate.  In many cases, You you end up paying way more than if your policy rating had been switched to post-FIRM rates.  That is why you need an Elevation Certificate now, the sooner the better!  The only way to know when the tipping point is reached is to give your agent an Elevation Certificate (EC), so that both rating methods can be used and compared. 

Getting an EC means hiring a surveyor.  No problem!  MassiveCert can provide you with a no-obligation quote for the work, to be performed by a State-licensed surveyor in your area.  And, that EC will pay for itself many times over in the money saved on those flood insurance premiums.

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