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a64A.�'"., `�``L a� � xo = "� Federal Emergency Management Agency �rFl�ND SSGJ44 Washington, D.C. 20172 ADDITIONAL INFORMATION REGARDING LETTERS OF MAP REVISION BASED ON FILL When making determinations on requests for Letters of Map Revision based on the placement of fill (LOMR-Fs), the Department of Hotneland Security's Federa] Emergency Management Agency (FEI�7A} bases its detennination on the flood hazard information available at the time of the determination. Requesters should be aware that flood conditions may change or new information may be generated tha;would supersede FEMA's determination.In such cases,the community will be informed by letter. Requesters also should be aware that removal of a property(parcel of land or structure) from the Special Flood Hazard Area(SFHA)means FEMA has determined the property is not subject to inundation by the flood having a 1-percent chance of being equaled or exceeded in any given year(base flood). This does not mean the property is not subject to other flood hazards. The property could be inundated by a flood with a magnitude greater than the base flood or by localized flooding not shown on the effective National Flood Insurance Program(NFIP)map. The effect of a LOMR-F is it removes the Federal requirement for the lender to require flood insurance coverage for the property described. The LOMR-F is not a waiver of the condition that the property owner maintain flood insurance coverage for the property. Only the tender can waive the flood insurance purchase requirement because the lender imposed the requirement. The properry owner must request and receive a written waiver from the lender before canceling the policy. The lender may determine, on its own as a business decision,that it wishes to continue the flood insurance requirement to protect its financial risk on the loan. The LOMR-F provides FEMA's comment on the mandatory flood insurance requirements of the NFIP as they apply to a particular property. A LOMR-F is not a building permit,nor should it be construed as such.Any development, new construction, or substantial improvement of a property impacted by a LOMR-F must comply with all applicable State and local criteria and other Federal criteria. If a lender releases a property owner from the flood insurance requirement,and the property owner decides to cancel the policy and seek a refund, the NFIP will refund the premium paid for the current policy year, provided that no claim is pending or has been paid on the policy during th�current policy year. The properiy owner must provide a written waiver of the insurance requirement from the lender to the property insurance agent or company servicing his or her policy. The agent or company will then process the refund reyuest. Even though structures are not located in an SFHA,as mentioned above,they could be flooded by a flooding event with a greater magnitude than the base flood. In fact,more than 25 percent of all claims paid by the NFIP are for policies for structures located outside the SFHA in Zones B,C,X(shaded), or X(unshaded). More than one-fourth of all policies purchased under the NFIP protect structures located in these zones. The risk to structures located outside SFHAs is just not as great as the risk to shuctures located in SFHAs.Finally, approximately 90 percent of all federally declared disasters are caused by flooding, and homeowners insurance does not provide financial protection from this flooding. Therefore,FEMA encourages the widest possible coverage under the NFIP. LOMRFENC-I