Mississippi Real Estate Continuing Education Courses - MISSISSIPPI Approved School: RealEstateCE.com
MS 2.0 hours Floods and other Natural Hazards - Course Syllabus
2.0 Elective Hours
What is a 100-year flood?
A 100-year flood is not a flood that occurs every 100 years! In fact, the 100-year flood has a 26 percent chance of occurring during a 30-year period, the length of many mortgages. The 100-year flood is a regulatory standard used by federal agencies and most states, to administer floodplain management programs. The 100-year flood is used by the National Flood Insurance Program (NFIP) as the basis for insurance requirements nationwide.
Flood-hazard maps have been created to show different degrees of risk for your community, which help determine the cost of flood insurance: the lower the degree of risk - the lower the flood insurance premium.
To prepare the Flood Maps that illustrate the extent of flood hazard in a flood prone community, FEMA generally conducts engineering studies referred to as Flood Insurance Studies. Using the information gathered in these studies, FEMA engineers and cartographers delineate Special Flood Hazard Areas on Flood Maps.
Special Flood Hazard Areas are subject to inundation by a flood that has a one percent or greater chance of being equaled or exceeded during any given year. This type of flood commonly is referred to as the 100-year flood or base flood.
This course reviews the National Flood Insurance Program and flood maps.