The Town of Prescott Valley, in conjunction with Yavapai County Flood Control District (the District) and the Federal Emergency Management Agency (FEMA), has completed a comprehensive Physical Map Revision (PMR) of the flood hazard area within the core of Prescott Valley. The new flood maps, known as Flood Insurance Rate Maps (FIRMs) became effective June 20, 2017. These detailed maps help property owners better understand their current flood risk and help them make more informed decisions about how to protect family and property in the event of a flood. To see your current flood risk and if it has changed, click on the “Property Search Tool” button and enter your parcel number or address.
If your building is now in a high-risk flood zone (e.g., Zone A, AE), most lenders will now require flood insurance. Please keep in mind that, if you do not purchase the insurance within 45 days after being informed by your lender that flood insurance is required, your lender is required to obtain insurance and charge you for the amount, which could be much more expensive.
Although the District is not an insurance provider, we want to help you understand your flood insurance options. If your property is newly identified to be at high risk, you may qualify for a lower-cost rating option through the federally-supported National Flood Insurance Program (NFIP). If a policy is bought within the first 12 months after the map’s effective date, the NFIP provides savings by allowing lower-cost Preferred Risk Policy (PRP) rates to be used. Premiums will then increase no more than 18 percent each year. Contact your insurance agent to find out what option works best for you.
For more information regarding how the maps affect your property, please contact:
Lynn Whitman, District Engineer
Yavapai County Flood Control District
Ron Pine, Engineering Division Manager
Town of Prescott Valley