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Flood Insurance in Florida Keys and Flood Zone

Friday, January 08, 2016   /   by Lela Ashkarian

Flood Insurance in Florida Keys and Flood Zone

Before looking into purchasing a property in Florida Keys you need to be informed.  This email is about Flood and Flood Zone

If a property is in an AE zone its considered in a special flood hazard area and banks will require flood insurance to get a mortgage.

AE6 means that the top of the lowest finished floor must be 6’ above mean sea level  for homes built after 1-1-1975(post firm,post flood insurance rate map)

AE10 means top of lowest finished floor needs to be 10’ above mean sea level

There are a number of homes in the keys that were built before 1-1-1975 (prefirm)that are built on slab that are in an AE6 flood zone and meet the elevation requirements and therefore can get the lower rates that post firm buildings get

AE zones get significantly lower rates than VE zones

X,B, and C zones are not in a special flood hazard area and therefore banks do not require flood insurance to get a mortgage

Being in a special flood hazard area means the home has a 1% chance each year of being flooded by the storm level by that occurs once  every hundred year period

Please let me know if you have any further questions

Thank you for contributing this answer for my interested buyers out there.. B. Danaher 

If you have any question about taxes, zoning, building, vacation rentals, please email, call 305-395-0814 or lela@CBschmitt.com 

 

 

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305-395-0814 cell/txt 

Lela Ashkarian, PA, ABR, CRS, GRI, e-PRO
Coldwell Banker Schmitt Real Estate

International President's Circle
11050 Overseas Highway, 
Marathon, Fl 33050 
Land Line: 305-289-6492,

www.SearchFloridaKeysHomes.com

www.SellMyHomeInFloridaKeys.com 

 

I listen attentively, I respond quickly, I follow Up and Follow Thru promptly.  Have the best day of your life. Thank you  

 

Please note that any negotiation communications included in this email does not constitute a contract until it is in writing and executed by both parties.

Lela Ashkarian 305-395-0814 & Natalie Ardis 305-481-3317
Lela Ashkarian
11050 Overseas Hwy
Marathon, FL 33050
305-395-0814
305-289-6492

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.