Residents can file a LOMA (letter of map amendment) or a LOMR (letter of map revision) to have their property removed from a special flood-hazard area. Properties in the X500 zone fall outside the 500-year floodplain. Flood insurance is not required by the federal government but may be required by the mortgage lender. Properties in this zone fall outside the 100-year floodplain. These zones are Special Flood Hazard Areas (SFHA), and flood insurance is required on all properties with federally backed mortgages. Properties in these zones fall within the 100-year floodplain. A brief description of the FIRM zone designations and the flood insurance requirements are listed below. The 100-year flood is used by the NFIP as the basis for insurance requirements nationwide. The 100-year flood is also referred to as the base flood. The FIRM zone designations are based upon the 100-year flood. More information about flood insurance can be found at: FloodSmart or FEMA. In addition, flood insurance is required in certain instances, such as the purchase of a home with a federally backed mortgage. There is a 30-day waiting period before NFIP coverage takes effect. We urge people who live or who own property in flood-hazard areas to purchase flood insurance to protect themselves from losses due to flooding. Renters can also purchase flood insurance up to $100,000 for their contents. Nonresidential structures can be protected up to $500,000 for the structure and $500,000 for contents. Residents can purchase policies up to $250,000 for their home and $100,000 for contents. ![]() The actual cost will vary depending upon the amount of coverage and the degree of flood hazard. ![]() The approximate annual premium for flood insurance is $420. ![]() Tenants may also insure their personal property against flood loss. This insurance is available to any owner of insurable property (a building or its contents) in Davie. However, Davie is a participant in the National Flood Insurance Program (NFIP), which makes it possible for property owners to obtain federally backed flood insurance. Standard homeowner’s insurance policies do not cover losses due to floods.
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