Sentences with phrase «flood hazard area as»

Federal Law requires all lenders to investigate whether each home they finance is in a special flood hazard area as defined by FEMA, the Federal Emergency Management Agency.

Federal Law requires all lenders to investigate whether or not each home they finance is in a special flood hazard area as defined by FEMA, the Federal Emergency Management Agency.

Federal law requires all lenders to investigate whether or not each home they finance is in a special flood hazard area as defined by the Federal Emergency Management Agency (FEMA).

Federal Law requires all lenders investigate whether or not each home financed is in a special flood hazard area as defined by the Federal Emergency Management Agency (FEMA).

Not exact matches

«In any coastal area there's extra value in property, [but] climate change, insofar as it increases risks for those properties from any specific set of hazards — like flooding and storm surge — will decrease value.»

If your property is located in a special flood hazard area, you will be required to carry flood insurance, as well.

High Risk Areas: Within these, which are also known as Special Flood Hazard Areas (SFHAs), there's deemed to be a 25 percent chance of a residence being flooded within 30 years — which is the length of term for many mortgages.

There may not be as much flood hazard as down in Calumet City or other river areas, but local experts recommend that Hoffman Estates homeowners look at getting insurance that complies with the National Flood Insurance Program if their properties are in low - lying areas.

It is already one of the most disaster - prone nations in the world and many of its 1.2 billion people live in areas vulnerable to hazards such as floods, cyclones and droughts.

Area hazard maps that predict flood risk, such as those used by the Federal Emergency Management Agency, need to account for both sinking land and rising seas, the researchers suggested.

However, coastal zones, marine and wetland areas are vulnerable to climate related hazards such as storms including tropical cyclones / hurricanes; waves and storm surges, tsunamis, river flooding, shoreline erosion, and influx of biohazards such as algal blooms and pollutants.

The survey must contain a certification as to whether the project is in a special flood hazard area.

If a homeowner lives in a high - risk area, he or she may need a separate policy, such as a flood insurance policy, which is a type of hazard insurance.

In fact, lenders must require borrowers whose property is located within a Special Flood Hazard Area (SFHA) to purchase flood insurance as a condition of receiving a federally regulated loan.

There may not be as much flood hazard as down in Calumet City or other river areas, but local experts recommend that Hoffman Estates homeowners look at getting insurance that complies with the National Flood Insurance Program if their properties are in low - lying areas.

However, for those located outside a flood hazard area, premium quotes can be as little as $ 130 per year.

If your home is located in a part of the flood plain known as a «special flood hazard area,» your chance of flooding is relatively high and you may be required to purchase flood coverage.

Participation in the NFIP is based on an agreement between local municipalities and the federal government, which states that if a community will adopt and enforce a floodplain management ordinance to reduce future flood risks to new construction in Special Flood Hazard Areas (SFHA), the federal government will make flood insurance available within the community as a financial protection against flood damage.

A Connecticut seller's disclosure covers general information such as age of the home, whether the property is in a flood hazard area, home issues such as rot or termites and more.

Even if you don't live in a flood hazard area, you may want to purchase flood insurance as a precaution.

A: If your property is in an area that has been identified by FEMA as having special flood hazards, then you must maintain Flood Insurance in compliance with the Flood Disaster Act of 1973.

52 percent of residential and commercial properties in the Houston metro are at «High» or «Moderate» risk of flooding, but are not in a Special Flood Hazard Area (SFHA) as identified by the Federal Emergency Management Agency (FEMA).