FEMA Floodplain Maps
FEMA Issues Letter of Determination on February 1, 2019
Per the Federal regulations on floodplain maps, the Village has received the required 6-month notification that the updated Flood Insurance Rate Maps will become effective on August 1, 2019. These new map products are not available yet, but will become available in the next few months online before paper copies will be available.
As of August 1, 2019 mortgage companies and insurers will also be required to use these new updated maps.
Please note that following panel numbers are the Lombard panels: 17043C0066, 17043C0067, 17043C0068, 17043C0069, 17043C0088, 17043C0156, 17043C0157, 17043C0158, 17043C0159, 17043C0176, and 17043C0178.
The following information is in regards to flood insurance and how when a map is updated the different options available. Policies or procedures may be changing in regards the rates/grandfathering/etc. based on future legislation. The Biggers-Water Act was enacted in 2012 and has been modified since then in regards to how grandfathering will specifically work.
When a property gets mapped from a low risk zone to a high risk zone there are a couple of rating processes a property may be eligible for when the new map comes out. The first is called the Newly Mapped Procedure. A property owner mapped into the floodplain after October 1, 2008 is eligible for a lower rated Preferred Risk Policy for one year. Then after that one year it moves to a standard rated policy.
Information on the newly mapped procedure:
The other process is called Grandfathering. This is for when the structure goes to the standard rated policy. To get a Grandfathered policy on an older home built before the first maps (pre-FIRM) a homeowner would need to get a policy before the map change date. (Note: they probably want to get it at least 30 days before, there may be a 30-day wait) For those homes built after the first maps, the owner would have to show the house was built in compliance with the Flood Insurance Rate Map of the time. This is built-in compliance Grandfathering. For grandfathering the insurance company uses the old mapped zone and puts that zone on a standard rated policy. So if a home was in an X zone moves to an AE zone, the insurance policy is written for the X zone.
Handout on grandfathering:
For example, a property owner who recently got mapped in could get the Newly Mapped Preferred Risk Policy for one year. They may then move to a standard rated policy and may be eligible for a Grandfathered Standard Rated policy.
FEMA administers the national flood insurance program: Mapping, Mitigation/Compliance, and Insurance. However, FEMA does not write or service flood insurance policies. Companies that partner with FEMA in the Write Your Own program do. On the insurance side of the NFIP, there are over 80 different companies that write and service flood under their own name. This is a partnership between the federal government and the private insurance companies. There is also a contractor called NFIP Direct that writes and services certain FEMA policies, State Farm and Allstate flood policies. You can think of them like a subcontractor which puts the FEMA logo on their policies. All of these companies can write a flood insurance policy. Only an agent or insurance company licensed to sell property and casualty insurance in Illinois can quote and write a flood insurance policy in Illinois. You can see the list of companies here: https://www.fema.gov/wyo_company. Generally, it is suggested that homeowners contact the insurance company their current homeowners policy is through and see if they can write a flood policy.
Questions about the maps, comments, and appeals to FEMA may be directed to Private Development Engineering at PES@villageoflombard.org