Evaluation Certificate For Flood Insurance. Usually referred to as an elevation certificate fema flood evaluations are used by lending institutions and insurance companies to determine the need of flood insurance on a property and at what cost the premium. This will be compared to the base flood elevation (bfe) for your location, the elevation at which the nfip estimates there is a 1% chance of floodwaters reaching in any given year.
This document tells exactly what flood zone the property is in, whether its a special hazard loan, and if the community participates in the national flood insurance program. The ec is the form provided by the federal emergency management agency (fema) to determine the risk of flooding. Specializing in flood elevation certificates for new jersey and pennsylvania.