Alaska Flood Zone Statement and Authorization

State:
Alaska
Control #:
AK-CLOSE4
Format:
Word; 
Rich Text
Instant download

Description

This Flood Zone Statement and Authorization form is for seller(s) to sign, stating the flood zone status of the property and for the buyers to acknowledge the same and state that should the property ever be determined to be in a flood zone, that they will obtain flood insurance.

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FAQ

Evidence of flood insurance Completed and executed NFIP Flood Insurance Application PLUS a copy of the Borrower's premium check or agent's paid receipt.

Zone A. Zone A is the flood insurance rate zone that corresponds to the I-percent annual chance floodplains that are determined in the Flood Insurance Study by approximate methods of analysis.

How long does it take to get an elevation certificate? The amount of time varies with each surveyor. If you work with a licensed surveyor, and he or she is able to fit you in and knows your area well, you should expect a completed elevation certificate within five business days.

A flood certification, sometimes called a flood cert in real estate, is a document that states the flood zone status of real property.A flood certification provider can then certify, based on the property's location on the map, whether it's situated in a flood zone.

1Your local floodplain manager: Your local floodplain manager may already have a certificate on file.2The seller of your property: If you're buying a property, the sellers may already have the certificate, and you can ask them for it before purchasing.What Is An Elevation Certificate for Flood Insurance? - ValuePenguin\nwww.valuepenguin.com > elevation-certificate-flood-insurance

If you live in a high-risk flood zone, the answer is usually yes, you need a Flood Elevation Certificate for your home.Your options for flood insurance may be limited without a Flood Elevation Certificate, but some private insurance carriers will write flood insurance without a Flood Elevation Certificate.

An elevation certificate is a document that lists a building's location, lowest point of elevation, flood zone and other characteristics, according to the Federal Emergency Management Agency (FEMA). It is used to enforce local building ordinances and to help determine flood insurance rates.

Search the MassiveCert archive. Check your city or county website because many communities require all Elevation Certificates be sent to them and many communities will post the document online for your use and you can usually download the document for free.

Your local floodplain manager: Your local floodplain manager may already have a certificate on file. The seller of your property: If you're buying a property, the sellers may already have the certificate, and you can ask them for it before purchasing.

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Alaska Flood Zone Statement and Authorization