![]() To see a list of Hamilton County participating communities, please visit the Zoning Jurisdictions page. To find out more, visit the FEMA website. Flooding can be caused by heavy rains, melting snow, by inadequate drainage systems, failed protective devices such as levees and dams, as well as by tropical storms and hurricanes. All areas are susceptible to flooding, although to varying degrees, in fact, 25% of all flood claims occur in the low-to-moderate risk areas. Lending institutions that are federally regulated or federally insured must determine if the structure is located in a SFHA and must provide written notice requiring flood insurance.įlood insurance is available to any property owner located in a community participating in the NFIP. To get secured financing to buy, build, or improve structures in Special Flood Hazard Areas (SFHA's) you will be required to purchase flood insurance. ![]() Treasury for times when losses are heavy, however, these loans are paid back with interest. The Program has borrowing authority from the U.S. The NFIP is self-supporting for the average historical loss year, which means that operating expenses and flood insurance claims are not paid for by the taxpayer, but through premiums collected for flood insurance policies. And, every $3 paid in flood insurance claims saves $1 in disaster assistance payments. Further, buildings constructed in compliance with NFIP building standards suffer approximately 80 percent less damage annually than those not built in compliance. In exchange, the NFIP makes federally backed flood insurance available to homeowners, renters, and business owners in these communities.įlood damage is reduced by nearly $1 billion a year through partnerships with communities, the insurance industry, and the lending industry. Nearly 20,000 communities across the United States and its territories participate in the NFIP by adopting and enforcing floodplain management ordinances to reduce future flood damage. The Mitigation Division a component of the Federal Emergency Management Agency (FEMA) manages the NFIP, and oversees the floodplain management and mapping components of the Program. In 1968, Congress created the National Flood Insurance Program (NFIP) in response to the rising cost of taxpayer funded disaster relief for flood victims and the increasing amount of damage caused by floods. To access this valuable resource, please click on the image provided.Federal Emergency Management Agency (FEMA) Flood Map Store This map includes property value assessments, relevant floodplain documents like elevation certificates, and comprehensive substantial improvement and damage tracking. The Building Department has collaborated with Forerunner Industries to offer property owners an interactive flood map that combines officially adopted and preliminary flood maps. The City's involvement in the NFIP is optional and dependent on complying with the Flood Insurance Rate Map (FIRM) and implementing a floodplain management ordinance that meets or surpasses the NFIP's minimum standards. Established by Congress and managed by FEMA, the NFIP aims to mitigate flood losses by facilitating flood insurance and regulating floodplain development to minimize damages. ![]() In 1971, City of Key West became a part of the National Flood Insurance Program (NFIP), overseen by the Federal Emergency Management Agency (FEMA). ![]()
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