What we’re up to in the Florida Keys

Elevation certificate can save you money on your insurance premium

Pie Chart showing premium savings with elevation certificate

According to FEMA, elevation certificates will no longer be needed to rate new flood insurance policies; however, homeowners have the option of submitting one. Is the average $400 cost of an elevation certificate worth it?  Research completed by Fair Insurance in Monroe (FIRM) shows the answer is “Yes” 82% of the time. “We found the…

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FEMA grant presentation at October 5 Key West Commission meeting

Christine Hurley, Executive Director of the Monroe County Land Authority, is giving a presentation to the Key West City Commission on October 5, 2021, regarding FEMA’s Flood Mitigation Assistance (FMA) Program. Monroe County is participating in the national grant program known as Flood Mitigation Assistance (FMA). The grant funds will help to elevate or demolish…

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Risk Rating 2.0 Sample Rate Comparison

Graphic with houses and an upwards arrow

The two graphs below show a portion of the sampling that FIRM rated using FEMA’s Risk Rating 2.0. In almost all cases, having an elevation certificate (EC) lowered the premium for the property. FEMA claims that it’s internal data sets have accurately determined a structure’s first floor height, making elevation certificates unecessary.  However, this makes…

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FIRM shares concerns over FEMA’s Risk Rating 2.0

Sinking House

FIRM estimates homeowners throughout Monroe County could see flood insurance rate increases ranging from $100 to $9,000 annually—with an average increase of $3,200 – if FEMA’s proposed Risk Rating 2.0 goes into effect on Oct. 1, as planned. “Rate increases of this size,” said Mel Montagne, president of FIRM, “will be devastating to the economies…

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National Preparedness Month 2021

preparedness month image with weekly themes

National Preparedness Month (NPM) is an observance each September to raise awareness about the importance of preparing for disasters and emergencies that could happen at any time. The 2021 theme is “Prepare to Protect. Preparing for disasters is protecting everyone you love.” We’ll be focusing on the theme for each week in our social media feeds.…

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FIRM welcomes new board members

FIRM welcomed Chris Rivett and Thomas Pakenas to the organization’s board of directors this summer.  Both Chris and Tom have skill sets that will assist FIRM in continuing its work ahead to seek a carve-out for Monroe County for Citizens Windstorm rate cap increase, and to advocate for Monroe County residents’ interests as the roll-out…

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FEMA posts funding notices for hazard mitigation grant programs

image of 2 people building a bridge

The Flood Mitigation Assistance (FMA) and the Building Resilient Infrastructure and Communities (BRIC)  provides funds to states, local communities, tribes and territories for eligible mitigation activities to strengthen our nation’s ability to build a culture of preparedness. These programs fund projects that invest in a more resilient nation, reduce disaster suffering and avoid future disaster…

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Greg Coldiron is a Level 6 Donor

Greg Coldiron

FIRM is grateful for the support of Greg Coldiron, who joined the ranks of Level 6 Donors. Coldiron announced his candidacy for the Marathon Council with a focus on supporting Marathon’s building, code and planning departments. His support of FIRM is in step with those concerns as it is a big part of FIRM’s mission…

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Congressman Gimenez takes action on flood insurance

Congressman Carlos Gimenez

Congressman Carlos Gimenez (R-Fl) joined Senator John Kennedy of Louisiana in introducing the Flood Insurance Fairness Act in the House of Representatives, which prevents the NFIP from increasing flood insurance premiums without Congressional approval. The action is intended to slow the implementation of FEMA’s new rating system Risk Rating 2.0—dubbed “Equity in Action.” Risk Rating…

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