Building After a Flood and Flood Insurance

1
Building After a Flood and Flood Insurance
(Last updated July 25, 2006)
2
If I self-finance a new house or rebuild my home
in a Special Flood Hazard Area and I will not
purchase flood insurance, must I comply with the
communitys floodplain management program?

• You cannot receive a building permit unless you
  comply with the communitys floodplain management
  program

3
When I sell my pre-Flood Insurance Rate Map
house, does it stay in the pre-FIRM
classification for insurance premium purposes or
will the new owner be required to pay a higher
premium?

• It stays in the pre-FIRM classification
• Participation in flood insurance must be
  continuous to keep the original premium. If a new
  FIRM places the structure in a zone with higher
  rates, the premium for the current zone would
  apply.