Ohio Flood Zone Statement and Authorization

State:
Ohio
Control #:
OH-CLOSE4
Format:
Word; 
Rich Text
Instant download

Description

This Flood Zone Statement and Authorization form is for seller(s) to sign, stating the flood zone status of the property and for the buyers to acknowledge the same and state that should the property ever be determined to be in a flood zone, that they will obtain flood insurance.

How to fill out Ohio Flood Zone Statement And Authorization?

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FAQ

Zone A. Zone A is the flood insurance rate zone that corresponds to the I-percent annual chance floodplains that are determined in the Flood Insurance Study by approximate methods of analysis.

Updated December 11, 2019. A flood certification, sometimes called a flood cert in real estate, is a document that states the flood zone status of real property. Federal Emergency Management Agency (FEMA) flood maps are examined using the address or geographic coordinates of the property.

A flood elevation certificate documents your home's elevation, relative to the base flood elevation of the area you live in.Typically, the higher your home's elevation above the base flood elevation, the less risk you'll have of flooding and therefore, the lower your flood insurance premium.

An elevation certificate is a document that measures your property's susceptibility to flood damage and is one component used by your insurance agent to calculate your flood insurance premium.Location and flood zone: The NFIP has different zones designating your property's level of flood risk.

How long does it take to get an elevation certificate? The amount of time varies with each surveyor. If you work with a licensed surveyor, and he or she is able to fit you in and knows your area well, you should expect a completed elevation certificate within five business days.

Evidence of flood insurance Completed and executed NFIP Flood Insurance Application PLUS a copy of the Borrower's premium check or agent's paid receipt.

If your home is in an area that's considered high risk of flooding, you'll probably need to provide your elevation certificate to your insurance agent to get a flood insurance quote. Remember, not every property needs an elevation certificate.

Use the Comments area of Section D, on the back of the certificate, to provide datum, elevation, or other relevant information not specified on the front. Complete Section E if the building is located in Zone AO or Zone A (without BFE). Otherwise, complete Section C instead.

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Ohio Flood Zone Statement and Authorization