If you live in a high-risk flood zone, you know that getting flood insurance is crucial. According to the U.S. Federal Emergency Management Agency (FEMA), the flood insurance savings earned is around $90,000 in just 10 years.
One important document when buying flood insurance is an elevation certificate. This document determines the risk of flood damage, the property’s location, and the lowest floor’s elevation.
In this article, we will discuss the basics of elevation certification, and why you should get one from a professional land surveyor. Read on for more details:
What Is an Elevation Certificate?
Issued by FEMA, elevation certificates are used by insurance agents to determine the amount of flood insurance premiums. Flood surveys and elevation certificates are provided by land surveyors. These surveys ensure that buildings adhere to proper flood and elevation requirements. A licensed land surveyor will inform you how vulnerable your property is when it comes to flooding.
Cost of Getting an Elevation Certificate
On average, an elevation certificate for a 10,000-square-foot lot costs around $350. The final cost will depend on the lot area, geographical location, existence of previous elevation certificate, and other factors. To get an estimate, you may consult a professional land surveyor near your area.
Importance of Elevation Certificate in Flood Insurance
Many insurance companies use elevation certificates to determine your property’s elevation. When the lowest floor is above the Base Flood Elevation (BFE), it means your property has a low flood risk. This means that you will pay less for flood insurance coverage.
An elevation certification verifies if you need to pay less or more for flood insurance. Having accurate and up-to-date documents will help you save on paying premiums. Once you’ve acquired a new elevation certificate, your insurance company can use it for policy renewal.
Is an Elevation Certificate the Same as a Land Survey?
No, they are not the same thing. A land survey can be used to compare the location of your property and the surrounding areas. However, this doesn’t give you accurate information about flooding and elevation. It’s better to get an elevation certificate if you need to know your property’s flood zone. Nonetheless, a licensed surveyor is allowed to conduct both land surveys and elevation certificates.
When Do You Need an Elevation Certificate?
- Your home is located in a special flood hazard area or high-risk area.
- You made updates and additions to your flood-prone property.
- You have a property mortgage from a federally regulated lender.
- You want to purchase a flood insurance policy backed by the National Flood Insurance Program (NFIP).
- You want to know the potential damage from rising waters.
How to Get an Elevation Certificate
- Reach out to the floodplain manager in your community.
A local floodplain manager is a person who handles elevation certificates in a town or city. Most communities require elevation certificates to be sent to them. You may ask your local floodplain manager if there’s an elevation certificate on file.
- Check your documents.
Elevation certificates are sometimes attached with the property deed or mortgage closing documents. Review the deed of your home to know if you have a copy of the elevation certificate.
- Ask the property seller.
If you are currently in the process of a real estate deal, you may ask the seller if there’s an existing elevation certificate. You can get a copy of the document before you proceed with the closing.
- Consult the developer or builder.
In flood-prone areas, property builders are usually required to get an elevation certification. Contact the developer of your home as they may have obtained one at the time of construction.
- Turn to the pros.
Hire a state-licensed and insured land surveyor who can provide you with an elevation certification. These professionals make precise measurements to determine elevation and property boundaries.
Final Thoughts
If you would like to learn more about flood surveys and flood elevation certificates, turn to Pittsburgh Land Surveyors. We take pride in our wide range of land surveys and quick turnaround time. No one beats us when it comes to accuracy and quality. Whether you are a residential or commercial client, our experienced surveyors are ready to help you with your property surveys.
For additional information about our services, contact our staff today. We will answer all of your questions and inquiries!
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