0.2 Pct Zone Code

[spittman]

I'm working on one that is labeled X on the flood map, but it says 0.2 PCT for the Zone Code and Moderate for Flood Risk. What exactly does that mean? Is it in a flood zone or is it NOT? It is surrounded by flood zone, but from what I can see on the map it touches no part of the entire street.

Here is the map for reference:
http://msc.FEMA.gov/portal/search?AddressQuery=silo street,78154#searchresultsanchor

 

[hastalavista]

Nearly everything is in a flood zone ("X" is a flood zone).
The lenders are typically concerned with Flood Hazard Zones that start with "A".

 

[Mike Kennedy]

the link u posted:

Here is the map for reference:
http://msc.FEMA.gov/portal/search?AddressQuery=silo street,78154#searchresultsanchor
Definition/Description
The land area covered by the floodwaters of the base flood is the Special Flood Hazard Area (SFHA) on NFIP maps. The SFHA is the area where the National Flood Insurance Program's (NFIP's) floodplain management regulations must be enforced and the area where the mandatory purchase of flood insurance applies. The SFHA includes Zones A, AO, AH, A1-30, AE, A99, AR, AR/A1-30, AR/AE, AR/AO, AR/AH, AR/A, VO, V1-30, VE, and V.

 

[timd354]

I'm working on one that is labeled X on the flood map, but it says 0.2 PCT for the Zone Code and Moderate for Flood Risk. What exactly does that mean? Is it in a flood zone or is it NOT? It is surrounded by flood zone, but from what I can see on the map it touches no part of the entire street.

Here is the map for reference:
http://msc.FEMA.gov/portal/search?AddressQuery=silo street,78154#searchresultsanchor

Zone X is not within a Special Flood Hazard Area (SFHA) as defined by FEMA although when Zone X is shaded in grey there is a 0.2% annual chance of flooding (this area is determined to flood on average once every 500 years) - Since Zone X is outside of the SFHA, properties in Zone X do not require flood insurance in order to obtain financing.

Here is the definition of Flood Zones straight from the FEMA website http://www.FEMA.gov/flood-zones:

Flood hazard areas identified on the Flood Insurance Rate Map are identified as a Special Flood Hazard Area (SFHA). SFHA are defined as the area that will be inundated by the flood event having a 1-percent chance of being equaled or exceeded in any given year. The 1-percent annual chance flood is also referred to as the base flood or 100-year flood. SFHAs are labeled as Zone A, Zone AO, Zone AH, Zones A1-A30, Zone AE, Zone A99, Zone AR, Zone AR/AE, Zone AR/AO, Zone AR/A1-A30, Zone AR/A, Zone V, Zone VE, and Zones V1-V30. Moderate flood hazard areas, labeled Zone B or Zone X (shaded) are also shown on the FIRM, and are the areas between the limits of the base flood and the 0.2-percent-annual-chance (or 500-year) flood. The areas of minimal flood hazard, which are the areas outside the SFHA and higher than the elevation of the 0.2-percent-annual-chance flood, are labeled Zone C or Zone X (unshaded).

 

[timd354]

Nearly everything is in a flood zone ("X" is a flood zone).
The lenders are typically concerned with Flood Hazard Zones that start with "A".

Zones that start with "V" are also a concern

 

[spittman]

Nearly everything is in a flood zone ("X" is a flood zone).
The lenders are typically concerned with Flood Hazard Zones that start with "A".

I'm used to seeing an "X" on the zone description to match what is on the map, not an actual percentage. Thanks for the clarification.

 

[hastalavista]

Zones that start with "V" are also a concern

Yes; not one that I remember seeing before; and thanks to Mike, I won't have to look it up if I do.

 

[spittman]

...Flood hazard areas identified on the Flood Insurance Rate Map are identified as a Special Flood Hazard Area (SFHA). SFHA are defined as the area that will be inundated by the flood event having a 1-percent chance of being equaled or exceeded in any given year. The 1-percent annual chance flood is also referred to as the base flood or 100-year flood...

Oh now I get it! 1% or more is considered high risk. Thanks guys.

 

[Digger88]

doesnt your software look it up for you?

 

[Carlos Danger]

V means waves or tide. Velocity isn't just an AMC name.