Uncategorized February 12, 2014

Changes to FEMA Flood Maps May Affect Your Area

Flood Maps Revised for Santa Clara County Effective February 19th

The Federal Emergency Management Agency (FEMA) has issued revised Flood Insurance Rate Maps (FIRMs) for Santa Clara County that will become effective on Wednesday, February 19, 2014. These maps show areas that are considered to be in a floodplain, and therefore may require homeowners to obtain flood insurance. Flood zone disclosure is a statutory requirement in California real estate transactions.

The last countywide update of FEMA flood zone maps for Santa Clara County was in May 2009. In the maps that will be effective on February 19th, many parcels have been added to levee-protected flood zones primarily in Mountain View, Gilroy and Milpitas, and some have been added to 100-yr flood zones (or removed from them) in Sunnyvale, Santa Clara, and San Jose.

Prospective home buyers may wish to check with their insurance agent to see if the property’s flood zone, and insurance requirements, will be affected by the map changes.

For more information about…

– the flood map changes and how they may affect your clients
– insurance requirements which these changes may trigger
– opportunities that may benefit you with lowered flood insurance costs
– disclosure compliance
– how to view the new FEMA maps online

…visit the link below:

Santa Clara County FEMA Flood Map Flyer