Who Needs an Elevation Certificate?
During a 30-year mortgage, high-risk flood zone areas (Zones A and V) have a one in four chance of flooding. Because of this, an EC may be required for certain buildings in these areas if the flood insurance policy is written through a federally regulated insurance lender – for example the NFIP.
Private insurance carriers do not typically require ECs – even for high-risk flood zones. However, not every home will qualify for private coverage. Therefore, if you live or have a business in a high-risk area, it is best to obtain a copy of the EC.
ECs are not typically needed and are not used for flood zone rating in moderate- to low-risk areas (Zones B, C and X), undetermined risk areas (Zone D), or certain high-risk areas eligible for other subsidies (e.g., Zones AR and A99).
If you still have questions as to whether you need an EC, National Flood Insurance can assist with determining and providing your flood zone.