Our FEMA certified experts can remove your structure from the flood zone with a LOMA.
Flood zone mapping errors happen all the time but what most people don't realize is that it can be reversed. A simple Letter of Map Amendment (LOMA) is the secret ingredient to have a structure removed from a flood zone that requires a property owner to buy flood insurance.
"I'm buying a house and my lender says I now have to buy flood insurance to close but there is no way it's in a flood zone."
"We've lived here for years and we just got a nasty gram from our bank saying we've been added to the flood zone and have to buy flood insurance."
"My neighbor got a LOMA and their flood insurance is now a fraction of what we pay. I want to do the same thing but it's seems too complicated."
A Letter of Map Amendment corrects a properties flood zone and makes an official change to the FEMA flood map. An official floodplain removal document will be issued by FEMA which can lift the requirement of mandatory flood insurance. The map correction is based on new information specific to the property and its elevation in relation to the base flood elevation.
Our service takes the headache out the entire process and we only charge for the LOMA if it is sucessful. It's a no brainer. Working with a top qualified professionaly certified specialist significantly increases the chance of success and reduces lost time inexperienced individuals spend trying to learn this complex process. Our specialists are eLOMA certified by the National Flood Association. Certified Floodplain Managers by the Association of State Floodplain Managers. Professional Engineers & Land Surveyors by state licensing agencies. Associates in National Flood Insurance by The Institutes. Geographic Information Systems Professionals by the Geographic Information Systems Certification Institute. Needless to say, if anyone can successfully remove your property from it's our professionals.
If your property is not eligible for a LOMA it's important that you explore ALL your other options for flood insurance. With access to more low-cost flood insurance alternatives than anywhere else online you will be able to find the best coverage at the lowest premium here right at Yep Insurance.
You bet they do! In fact, condo buildings and commercial properties experience some of the most massive savings because the premiums for insurance are so much higher. Through Yep Insurance you now have access to the most highly-certified professionals & engineers in the LOMA & flood mapping industry.
Unfortunately, the answer is no. There are many properties which have an increased exposure to flooding and are elevated well below the base flood elevations. In order to determine if a property is a good canidate we will need a copy of the most recent Elevation Certificate. You may even be able to find one for free through public records. If you do not have one please visit our Elevation Certificate page to order one from our large nationwide network of vetted land surveyors. Although some properties are not eligible for a LOMA it's important to note that there is usually a lower-cost flood insurance alternative which will provide a significant amount of savings compared to most NFIP flood policies.
Learn the benefits of getting removed from the floodplain.
Lenders require flood insurance when you get a mortgage and the building is located in a high-risk flood zone. If you get a LOMA this will basically excuse your property from the requirement.
When a property is removed from the floodplain it becomes eligible for a preferred risk policy (PRP) through the NFIP. These policies are a fraction of the cost compared to high-risk pricing.
A property that requires flood insurance increases the cost of ownership to any potential buyer and impacts how far a buyer's investment goes. To reduce the cost of owning a property it increases the buyer's investment dollar and ultimately the value of the property.
Properties located in flood-zones often concern potential buyers of flood risk exposure and flood insurance costs. With a LOMA and floodplain removal that schema or concern can be remedied.
With the top-experts on your side you can leave all the heavy lifting to us and enjoy the highest chance for a favorable result. Worst case scenario, if you find out you are not eligible you will never be charged for the LOMA.
Whether you decided to continue carrying flood insurance after you get the LOMA or not, it's nice to know that flood insurance is a choice. Many people are extremely put off at the fact that they are required to buy flood insurance.