TRANSCRIPT TASK 2.8 Key Definitions Sfhas and Non Sfhas

TRANSCRIPT TASK 2.8 Key Definitions SFHAs and Non SFHAs

Flood zones are placed into two categories: SFHA or non-SFHA. SFHA stands for Special Flood Hazard areas. These special flood hazard areas are represented on flood maps as zones A or V. These are the most flood prone zones. They are also the zones where lenders must require the purchase of flood insurance as a condition of their loans. V zones are typically just found in coastal areas and the V stands for velocity which means there is wave action with the water. The non-special flood hazard areas are represented on flood maps by zones B, C and X. These are more moderate to low risk areas. And there is no federal statute that requires the purchase of flood insurance in these zones. However, we still get quite a bit of losses that occur in these moderate to low zones.