In 1968, the NFIP (National Flood Insurance Program) was signed into law to protect the disaster relief fund from being over-taxed. This helped property owners who couldn’t find flood insurance through a private company. The program intended to provide an option for flood-prone properties, with FEMA (Federal Emergency Management Agency) creating maps of flood risks across counties. While most of the country is now mapped, keeping these maps up-to-date proves challenging due to ever-changing weather patterns and massive developmental shifts. Many of the maps are out-of-date and require frequent updating.

If a zone AE is marked as an FZD, lenders mandate the purchase of flood insurance. The FED requires borrowers in high-risk flood zones, typically identified as A or AE, to buy insurance.

AE Zone flood insurance is used by insurance companies and lenders ensuring compliance with federal regulations using these maps. The cost of Zone AE is impacted as flood nerds will evaluate every option to achieve optimal pricing for clients. We extend the National Flood Insurance Program (NFIP), the default option, to properties where this is suitable. Properties that are older than 1974 are deemed “post firm,” erected before the NFIP program began or before the creation of flood map coverage in that region. In such instances, it is prudent to consider any of the many private flood insurance options available in Colorado. We comprehensively research the flood insurance options available for clients to obtain the great coverage at the great rates.