You will need to know:
1. The Zone designation from the FIRM at the site of the structure
2. The date of construction of the structure
3. The date of the initial FIRM for your community. Comparing the date of construction with the date of the initial FIRM identifies the building as Pre-FIRM orPost-FIRM.
Various deductibles are provided in the tables, however, most lenders will not allow optional deductibles if flood insurance is required to secure a federally backed loan.
Flood insurance policies have costs in addition to the actual coverage premium. Most policies will have a Federal Policy Fee and ICC Coverage fee.
Lincoln and Fremont are CRS communities. Flood insurance policies within these communities receive a credit on their policies for floodplain management activities undertaken by those communities to reduce flood losses and to inform the public of flood hazards.
The most affordable coverage is the Preferred Risk Policy. This policy is only available to structures located outside of 100-Year floodplain. 30% of claims are paid in areas not identified as special flood hazard areas on the flood maps.