Homeowners Will Need Elevation Info - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Homeowners Will Need Elevation Info

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One flood insurance change already in progress is the need for an elevation certificate for all new policies.

Jennifer Thorgramson tells us how in some cases the document may help with a lower premium.

Flood insurance premiums are on the rise.

Instead of a flat rate, each house will be evaluated, that means a rise in homeowner requirements.

(Barb Fitzpatrick, FEMA Region VIII, Senior Floodplain Specialist) "They're trying to get all flood insurance policies actuarially rated. That is the goal, is to get people actuarially rated."

Actuarially rated.

Merriam-Webster defines an actuary as a person who calculates insurance premiums based on risks.

A person like Tom Leshovsky.

And his calculation is compiled in an 'elevation certificate,' a document now required for all new flood insurance policies.

(Barb Fitzpatrick, FEMA Region VIII, Senior Floodplain Specialist) "That brand new policy is where we'll have to have an elevation certificate and know what the true actuarially rating is on that structure."

(Tom Leshovsky, Professional Land Surveyor) "Every question that they ask on the elevation certificate is based off the FEMA Elevation Certificate insurance program instructions."

The same set of instructions are available online at FEMA.gov.

Leshovsky says an elevation certificate could raise or lower your flood insurance premium.

The elevation certificate documents the base flood elevation, unattached garages are come at a more affordable premium, and not only if you have a basement but what you keep in it.

(Tom Leshovsky, Professional Land Surveyor) "It tells the insurance company everything they'll want to know like, where is the machinery located, water softener, furnace anything that has to do with the house and making it run."

An elevation certificate in the Minot area varies from $700 to $1300 --- and again, the certificate is required for new flood insurance policies.

A cost that will pair with the rising premiums as flood insurance may also become mandatory in the Mouse River Valley.

In Minot, Jennifer Thorgramson, KX News.

Leshovsky says his firm, Wold Engineering, handled about three dozen elevation certificates this year.

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