Realtor Floodplain Resources
Is the structure in the floodplain? Does it need flood insurance? How do I figure this out?
A common question that can be solved online. Here are some tools and resource fact sheets that will help you determine if a parcel is in a floodplain, learn about the new flood insurance regulations, and details about the Letter of Map Amendment. If you think I should add a site, please let me know.
Indiana Specific Floodplain Tools
- Indiana Floodplain Information Portal (INFIP): Scroll half way down the page to find the INFIP “launch” button. The Indiana Department of Natural Resources has a great free service online that can help you figure out how close the property / structure in question is to the floodplain. You can contact them for additional information once you find that property in the system.
- 39° north (Clark County + other counties): Most of you are probably already using this if in my part of southern Indiana, but did you know there is a floodplain layer also? Click on “Map Contents” on the right side and find it in the drop down list.
National Floodplain Tools and Resources
- FEMA Flood Map Service Center (MSC): Jump onto the FEMA website and download the Flood Insurance Rate Maps for your County. You can also make specialty maps that are zoomed into your property.
- Beacon: Listed as ‘Local Government GIS for the Web’, there are multiple states shown here. Get parcel data (and I am sure plenty more) from this site.
- If a structure is very close to the floodplain, a lender may require a buyer to purchase a Preferred Risk Flood Insurance Policy.
- FEMA Flood Insurance Reform (link here, there is no catchy acronym): Congress has revised how the National Flood Insurance Program (NFIP) will operate. The last webinar I participated in stated that the NFIP is $24 billion dollars in the red. There are plenty of new rules…check them out to learn the details.
- FEMA National Flood Insurance Program, Summary of Coverage. FEMA publication F-679 provides some quick guidance on how flood insurance rates are determined, along with details about the types of coverage that can be obtained.
- The Community Rating System (CRS) is a voluntary program that provides discounts to flood insurance policy holders. This fact sheet gives some information about CRS and how it works.
- FEMA Letter of Map Amendment (LOMA): This FEMA site describes the basics of obtaining a LOMA for a property shown in the floodplain. If a property can get a LOMA, it can eliminate the requirement for paying for mandatory flood insurance if in the 100-year floodplain.