Elevation Certificate: An Elevation Certificate is used for recording the elevation of the lowest floor, the crawlspace floor and other various measurements of a building located in the floodplain. The purpose of an Elevation Certificate is to help insurance companies accurately rate Post-FIRM building/s. With an elevation certificate, the insurance company is able to select the correct premium for a building/s; without one, many times, a higher premium is selected to provide insurance coverage for the building/s. If it is more favorable to you, an elevation certificate can be used to rate a Pre-FIRM structure using Post-FIRM rates. Also, the elevation information can be used to show compliance with the floodplain management ordinance by FEMA and the local community.
LOMA or LOMR-F: Letter of Map Amendment (LOMA) or Letter of Map Revision Based on Fill (LOMR-F) is an official determination issued by FEMA that removes the structure or land, thereby eliminating the requirement to carry mandatory flood insurance. The issuance of LOMA or LOMR-F eliminates the federal flood insurance puchase requirement as a condition of federal or federally backed financing. The issuance of a LOMA or LOMR-F does not mean the structure or lot is safe from flooding; it means that the risk of flooding is not as high as it is in the Special Flood Hazard Area (SFHA).