Definitions for "Flood Insurance Rate Map"
Keywords:  fema, delineates, nfip, map, emergency
Provided by FEMA (Federal Emergency Management Agency), this map delineates base flood elevations and flood risk zones, and is used for rating purposes for flood insurance.
FIRM) - Under the National Flood Insurance Program, an official map of a community, on which the Federal Emergency Management Agency has delineated both the special hazard areas and the risk premium zones applicable to the community. (Note: The latest FIRM issued for a community is referred to as the effective FIRM for that community.)
A FIRM is a FEMA map that shows areas that have the highest probability for flooding. These maps are used to determine if flood insurance is required and what its cost will be to the buyer. More detailed information about FIRMs can be found at www.tsarp.org/tsarp_over/rate_maps.html. Back