Elevation Certificates are used by insurance companies to provide a flood insurance policy to anyone whose property is within a flood hazard zone and requires flood insurance.
Anyone purchasing a new home that will be financed by a bank will likely require a flood elevation certificate if the subject parcel is within a flood hazard zone.
In addition, some properties will qualify to have their parcels removed from a flood hazard zone if their elevations fall within parameters necessary for FEMA to change their flood zone from hazard to non-hazard. Many lenders will NOT require flood insurance for a property with a LOMA.
In order to apply to FEMA for a LOMA (letter of map amendment) you must start with an elevation certificate. If the resulting elevations support a LOMA application, Benchmark can apply to FEMA on the customer’s behalf.
For more information on LOMA’s, email support@benchmarklandservices.com