Beware of Freeboard
In the context of minimum flood elevation requirements, “Freeboard” is an additional height above the FEMA mandated minimum elevation in flood prone areas to afford an extra measure of protection from storm surge and flooding. While the term sounds beneficial, it must be noted that “freeboard ain’t free.” It comes with a penalty to existing and prospective owners of property located in FEMA “A” and “V” Zones.
Read More