FEMA Appraisals – What You Need to Know About the 50% Rule

Posted Posted in Appraisal Process

FEMA Flooding…what a nightmare. Damaged flooring, moldy drywall, soaked furniture, and many times personal loss. FEMA (Federal Emergency Management Agency) doesn’t like flood damage any more than you do. That is why, based on your elevation as recorded in periodically released flood maps, the government requires you to purchase flood insurance to protect your asset. […]