Pennsylvania Flood Zone Statement and Authorization

State:
Pennsylvania
Control #:
PA-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.

How to fill out Pennsylvania Flood Zone Statement And Authorization?

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FAQ

Flood Zone A is a special flood hazard area designation by the Federal Emergency Management Agency (FEMA). Zone A areas have a 1 percent annual chance of flooding.Property owners with structures in Flood Zone A, which have a federally backed mortgage are required to obtain flood insurance.

The federal government offers coverage through the National Flood Insurance Program at an average cost of about $700 per year. But premiums vary depending on your property's flood risk.

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.

Areas in flood zone A have a 1 percent chance of flooding per year and a 25 percent chance of flooding at least once during a 30-year mortgage. Since there haven't been detailed hydraulic analysis in these areas, the base flood elevation and depths have not been determined.

Flood Zone A is a special flood hazard area designation by the Federal Emergency Management Agency (FEMA). Zone A areas have a 1 percent annual chance of flooding. This flood is also called the 100-year flood.

Check the FEMA flood map. The Federal Emergency Management Agency, or FEMA, has a tool that makes it easy to see if your address is in a flood zone. The Flood Map Service Center shows information like flood zones, floodways, and your home's risk level.

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.

Areas that are likely to be flooded are displayed on the map with a blue overlay. It is also possible to right-click on any location and view the elevation level at that point. If you want to share a Flood Map search you can cut and paste a link to the current map view.

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

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Pennsylvania Flood Zone Statement and Authorization