Who Needs an Elevation Certificate?
In high-risk areas, there is at least a one in four chance of flooding during a 30-year mortgage. Therefore, for certain buildings in a high-risk flood zone, an EC may be required if the flood insurance policy is written through a federally regulated insurance lender (such as the NFIP). However, if you write your policy through a private carrier, they do not typically require ECs for any zone.
ECs are not required and are not used for flood zone rating in moderate- to low-risk areas (Zones B, C and X), undetermined risk areas (Zone D), or certain high-risk areas eligible for other subsidies (e.g., Zones AR and A99). New Jersey Flood Insurance can assist with determining or verifying your flood zone, as well as help identify possible lower premiums based on the latest map changes.