Gulfshore Insurance > Gulfshore Blog > Flood Insurance > Deadline Fast Approaching for New Flood Maps

The new FEMA Flood Zone changes in the City of Naples and Collier County are fast approaching! While the implementation date for new construction projects was March 30, 2012, the new Flood Zone Maps for existing homeowners and condo associations, including those in unincorporated Collier County as well as the cities of Naples, Marco Island and Everglades City, take effect May 16th for insurance purposes. …

It is important for all property owners within the county and the cities to check the Digital Flood Insurance Rate Map to see if there have been flood zone or flood elevation changes impacting their property. You can check this by clicking on the appropriate link below and entering the property address.

Areas throughout the City of Naples and Collier County have been impacted by the new determinations. Properties where the flood zone or base flood elevation requirement has improved will experience a reduction in their flood insurance premium. At the same time, a number of property owners may now be located in a flood zone for the very first time.

The new flood maps will introduce Flood Zone AH to Collier County which is used for areas with a 1% annual chance of shallow flooding with average depths between one and three feet. The new AH Zone will generate mandatory flood insurance requirements by lenders. We recommend that property owners located in the new AH Zone obtain a flood elevation certificate in order to secure the necessary coverage.

Since flood insurance is a requirement for homeownership when there is a mortgage on the property, homeowners without a mortgage can decide themselves if they wish to invest in flood insurance for their property. Based on historical data, it is clear that flood insurance should be considered a necessity rather than a luxury item.

Flood insurance can be purchased whether or not your property is located in a designated flood zone. Homeowners presently designated as X Flood Zone are only eligible to purchase the Preferred Risk Flood policy up until May 16, 2012 if they are being remapped to a new designated flood zone. We highly recommend that your clients consider purchasing the coverage since the homeowner and condo policy will exclude losses resulting from flooding from the gulf and bay waters, including nearby lakes and ponds.

As always, if in doubt or if you have questions regarding the new maps, our knowledgeable staff is available to answer any questions that you or your clients may have.

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