Nashville Tennessee Flood Zone Statement and Authorization

State:
Tennessee
City:
Nashville
Control #:
TN-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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How to fill out Tennessee Flood Zone Statement And Authorization?

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FAQ

While you aren't legally required to buy flood insurance in Indiana or anywhere else in the country, if your home is one of the nearly 100,000 in Indiana in a FEMA-designated high-risk flood zone, your mortgage lender may require it as a stipulation in your loan agreement.

A flood certification, sometimes called a flood cert in real estate, is a document that states the flood zone status of real property. Federal Emergency Management Agency (FEMA) flood maps are examined using the address or geographic coordinates of the property.

While flood insurance isn't legally required by the state of Georgia, it may be required by your mortgage lender if your home is in a high-risk flood zone.

AE zones are areas of inundation by the 1-percent- annual-chance flood, including areas with the 2-percent wave runup, elevation less than 3.0 feet above the ground, and areas with wave heights less than 3.0 feet. These areas are subdivided into elevation zones with BFEs assigned.

Flood zone X, also known as flood zone X500, is arguably the safest flood zone designation, as it's considered to be outside the 500-year floodplain and is also protected by a flood control system, such as a levee or dam, from the 100-year floodplain.

Zone AE is subject to flooding by the base or 1% annual chance (100-year) flood, and waves less than 3 feet high, (formerly Zones A1-A30). Zone VE is where wave heights are expected to be 3 feet or more.

How much does flood insurance cost in my state? StateAnnual% of homes with flood insuranceAlabama$7433.2%Tennessee$9961.3%Texas$67610.7%Utah$7570.5%49 more rows ?

Your mortgage lender may require you to have a policy if your property is located in an area deemed to be at high risk of flooding in Tennessee. However, even properties that are not in designated high-risk areas may require coverage.

AE zones are areas of inundation by the 1-percent- annual-chance flood, including areas with the 2-percent wave runup, elevation less than 3.0 feet above the ground, and areas with wave heights less than 3.0 feet. These areas are subdivided into elevation zones with BFEs assigned.

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Nashville Tennessee Flood Zone Statement and Authorization