Home in cape coral, FL? Flood Zone Changed? Insurance go up? call me!
Steve Wick
Certified Floodplain Manager
FLOOD ZONE CHANGES CAN MEAN:
Thousands $$$ in Mandatory Flood Insurance
Thousands $$$ in Mandatory Flood Insurance
Thousands $$$ in Mandatory Flood Insurance
The National Flood Insurance Program (NFIP) requires the purchase of flood insurance for the acquisition and/or construction of buildings in FEMA's Special Flood Hazard Areas (SFHAs). If your property is now in a flood zone and you have a mortgage, it's quite likely that you'll be required to purchase costly flood insurance for your residence.
Lower Property Values
Thousands $$$ in Mandatory Flood Insurance
Thousands $$$ in Mandatory Flood Insurance
To avoid higher flood risks and associated mandatory insurance costs, potential buyers will often look outside of the SFHA to buy their next home. Realtors also understand the increased risks and high flood insurance burden associated with homes situated within a flood zone. Removing/exempting your structure from a flood zone makes your property more valuable.
Compliance with FEMA's 50% Rule
Thousands $$$ in Mandatory Flood Insurance
Compliance with FEMA's 50% Rule
FEMA's "50% Rule" restricts the cost of improvements to existing structures situated within the SFHA. If you intend to flip a home or wish to make major improvements to it, being in a flood zone may make your planned renovations impossible. This could result in delays to your project and you could incur a substantial loss on your investment as a result.
saving money one property at a time
Steve Wick, ASFPM Certified Floodplain Mgr.
My Services:
In 2022, FEMA and the NFIP recently updated the Flood Insurance Rate Maps (FIRMS) throughout southwest Florida. As a result, many Cape Coral homeowners now find themselves in one of two troubling situations: 1) they unexpectedly find their homes to be situated in a high risk flood zone and are now required by their mortgage lender to purchase costly flood insurance; or, 2) their residence was formerly in a high risk flood zone but changes to FEMA's base flood elevation (BFE) now qualify their home to be removed. Either way, you may be paying for flood insurance you don't want or need. Even if your home is fully paid for, being in a flood zone can lower its resale value.
I support the residents of Cape Coral by providing comprehensive information pertaining to the flood risk associated with their individual properties. If your flood zone designation has changed (for example from "X" to "AE") and your home is incorrectly mapped as being in the Special Flood Hazard Area, please give me a call. I can evaluate your specific situation, review your flood zone designation, and, on your behalf, provide your local government and FEMA with the necessary evidence and documentation to have your flood zone designation changed.
Money back guarantee:
If I fail to secure a FEMA Letter of Map Amendment (LOMA) for your property, my consultation fee is fully refundable, no questions asked. I work very hard to avoid situations where a LOMA will not be granted by FEMA and if I can't help you, I'll let you know. However, if my research indicates you have a good case for having your LOMA application approved and for some reason it is not, I will refund the full amount of my consultation fee.
about me
Steve Wick, MS, CFM
A resident of Cape Coral, Steve is a published scientist and ASFPM Certified Floodplain Manager. He holds a master's degree in geology with a focus on modern and ancient coastal ecosystems. His former floodplain management experience comes from working as the Floodplain Manager for the Town of Fort Myers Beach as well as Floodplain Coordinator for the City of Cape Coral. He has expertise in floodplain management, flood review and mapping, elevation certificate (EC) review and processing, as well as flood-resistant plans review and construction requirements set forth by the Florida Building Code (FBC) and National Flood Insurance Program (NFIP). During recovery from Hurricane Irma, Steve was also locally employed by FEMA as an Environmental Floodplain Specialist.