The Federal Emergency Management Agency (FEMA) has issued revised Flood Insurance Rate Maps (FIRMs) for portions of Sacramento and Sutter Counties, primarily in the Natomas Basin vicinity. The maps will become effective on Tuesday, June 16, 2015, according to FEMA's website. These maps show areas that are considered to be in a floodplain, and therefore may require homeowners to obtain flood insurance. Disclosure of those Special Flood Hazard Areas is a statutory requirement in California real estate transactions.
FEMA last updated flood maps in this area in August 2012. On the maps that will be effective on June 16th, approximately 29,000 parcels primarily in the Natomas Basin will be reclassified from Zone "AE" to Zone "A99". While those parcels will remain in a Special Flood Hazard Area ("100-yr flood zone"), the new A99 classification reflects FEMA's recent determination of "adequate progress" by local communities in improving flood risk through levee restoration projects.
According to FEMA, the mandatory flood insurance purchase requirements still apply in areas designated Zone A99 -- however, in many cases the insurance rates may be lower than in Zone A or AE. 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 your clients with lowered flood insurance costs
- disclosure compliance
- how to view the new FEMA maps online
...visit the link below:
Sacramento & Sutter County FEMA Flood Map Update Flyer.pdf