When it comes to building a new home or building, it is important to note that if there are any issues with flooding, so that you and your insurance company are fully aware. An elevation certificate might be just the ticket. What are elevation certificates and how are they used? Keep reading to find out.
What Is an Elevation Certificate?
An elevation certificate is a certificate that helps to determine how far above or below the flood line the property in question is. The surveyor will determine the point of the lowest elevation of the property, as well as the highest elevation on the property. They will also look at flood plains in the area, bodies of water on the property, or water sources near them, and assess the overall risk of flood to that particular property.
Elevation certificates are very important if you live in an area where flooding is possible and where you are in need of flood insurance. Flood insurance is something that you have to pay extra for over your homeowners insurance or over the property insurance that you normally pay.
Why Are Elevation Certificates Important?
These certificates are important after a property is developed and you need to get insurance and in the building process. A civil engineering firm is your best bet at getting an accurate and complete elevation certificate that is going to cover every aspect of your property. Knowing the lowest elevation in your property can make a big difference in how safe your structures are if you have any, and can also help you determine how much insurance you need.
If you live in an area where flooding is not possible or not likely, you are not going to need to purchase extra insurance. For those that do live in an area where flooding is possible, it is always beneficial to have an official elevation certificate on file both for your own records and to have on hand if you decide to sell the property later on and need to show it.
An area prone to flooding needs to have a great insurance policy in place to help protect the structures that you might have on the property. An elevation certificate can help you get an accurate insurance estimate so that you can properly insure your property in the event of a flood.