MO 3.0 hours Floods and other Natural Hazards Course Syllabus
3.0 Elective Hours
Flood insurance covers overflow of inland or tidal waters and unusual and rapid accumulation or runoff of surface waters from any source. However, the flood must be a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least one of which is yours). To identify a community's flood risk, FEMA conducts a Flood Insurance Study. The study includes statistical data for river flow, storm tides, hydrologic/hydraulic analyses, and rainfall and topographic surveys. FEMA uses this data to create the flood hazard maps that outline a community's different flood risk areas.
Flood risk can and does, change over time. Flood risks change for many reasons: new development, changes in levee classification, and environmental changes, to name a few. As a result, FEMA is updating flood hazard maps across the country. These new flood maps, also, known as Digital Flood Insurance Rate Maps show flood risk at a property-by-property level.
Upon course completion, the real estate professional will have a better understanding of flood insurance and flood maps.