"Flooding is one of the most common - and most expensive - natural disasters in the US. As climate change leads to rising sea levels and extreme weather events, the number of flood-prone areas in the country is expected to grow by half within this century."
"Special Flood Hazard Areas (SFHAs) are the highest risk flood zones with over a 1% chance of flooding annually, requiring flood insurance for properties in zones beginning with A."
"Flood Factor measures the level of flood risk on a scale of 1 to 10, helping buyers assess homes in flood-prone areas before purchasing."
"Moderate and minimal risk zones B, X, and C are considered low- to moderate-risk flood zones where flood insurance isn't required, although flooding can still happen."
Flooding is a prevalent and costly natural disaster in the US, with future climate change anticipated to increase flood-prone areas by fifty percent this century. Understanding flood zone designations is crucial for homeowners and buyers. Special Flood Hazard Areas (SFHAs) and Coastal High Hazard Areas (CHHAs) face a 1% chance of flooding annually, necessitating flood insurance. Moderate and minimal risk zones can still experience flooding, making flood risk assessment imperative before home purchase or rental.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
Unable to calculate read time
Collection
[
|
...
]