How to Use the V Zone Risk Rate Form to Lower Condo Flood Insurance

The V Zone Risk Rate form can help identify ways for condo construction to exceed NFIP minimums.

An architect or engineer can use the certification form and instructions as a guide for siting, architectural design and construction of a project so it exceeds minimum National Flood Insurance Program requirements for V Flood Zones, the coastal zones. After construction, submitting the completed form allows FEMA to rate the building and set insurance premium discounts for it. The form rates the building on a points system, with each action allocated a specific number of points. The form lists the points assigned each item.

Instructions

1. Download Form F-086V from the National Flood Insurance Program Services website. The full name of the form is the U.S. Department of Homeland Security, Federal Emergency Management Agency National Flood Insurance Program V- Zone Risk Factor Rating Form and Instructions.

2. Use the form as a guide to determine which building and construction options provide the best protection for your structure and the greatest number of points for your insurance premium reduction.

3. Construct the condos in accordance using the identified building options to reduce flood damage potential and erosion loss.

4. Have the condo project's engineer or architect complete the form when you complete construction. Use FEMA's Coastal Construction Manual for reference.

5. Submit the form to NFIP Bureau and Statistical Agent, Underwriting Department, 7700

   Hubble Drive, Lanham, MD 20706, with a copy of the pre-construction rating building plans, flood insurance application, the completed FEMA Elevation Certificate and photos of the completed building.

References

• NFIP Services: V- Zone Risk Factor Rating Form and Instructions