2023 Flood Insurance Assessment
Step 1 – Collect Flood Insurance Information
In order to determine the level of flood insurance coverage in City of Fremont , the most recent Insurance Zone and Insurance Occupancy flood insurance policy data provided by our ISO/CRS Specialist was used, along with data provided by the community’s GIS department.
Step 2 – Determine Level of Flood Insurance Coverage
Within the FEMA mapped Special Flood Hazard Area (SFHA) there are 181 buildings and 88 policies in Force. Based on this information, approximately 49% of the buildings located in the SFHA are covered by flood insurance. Flood insurance coverage of properties in the SFHA can be found in the first three rows of Table 2. In addition to the 88 policies within the SFHA there are 92 policies within B, C and X Zones, for a total of 180 policies in force within Fremont.
Table 1 – Policies by Occupancy
Table 1 Policies In
Force
Premium Insurance In
Force
Average
Coverage
Single Family 143 $76,738 $41,928,000 $293,202.80
$207,833.33
$270,615.38
$544,529.03
$323,497.96
2-4 Family 1 $374 $152,000 $152,000.00
All Other Residential 1 $787 $500,000 $500,000.00
Non-Residential 39 $49,463 $21,357,000 $547,615.38
Total 184 $127,362 $63,937,000 $347,483.70
Table 2 – Insurance Zone
Table 2 Policies in
Force
Premium Insurance in
Force
Average
Coverage
A01-30 & AE Zones 84 $62,183 $28,731,000 $342,035.71
A Zones 4 $1,749 $731,000 $182,750.00
AH Zones 0
B, C & X Zones
- Standard 92 $60,434 $32,475,000 $352,989.13
- Preferred 0 $0 $0 $0
Total 180 $124,366 $61,937,000 $344,094.44
$
Step 3 – Prepare the Document
City staff began this process with the intent of learning what level of flood insurance coverage our community has and what would need to be done to try and increase the awareness of the importance of protecting property with flood insurance. We began by using the Insurance Zone and Insurance Occupancy sheets provided by our ISO/CRS Specialist to calculate the numbers generated in Table 1 and 2.
According to our numbers, 49% of our SFHA properties have flood insurance coverage.
Staff also looked at paid claims to policy holders. Out of the 13 closed paid losses, 10 of them were for single family residences. Additional detailed information would be needed to determine the location of the claims and what type of outreach might be beneficial.
Based on the information above, it is therefore recommended, with the support of our City Manager and/or our City Council, that funding continue to be made available to support the following existing outreach projects geared toward increasing the awareness of flood hazards. Those projects include but are not limited to:
1) Targeted mailings to residents in or near a special flood hazard area 2) Continue to include all six priority topics outlined in Table 330-1 of the 2017 CRS Coordinator’s Manual within the City Newsletter being sent to the entire community. 3) Continue making informational brochures and handouts available at the following locations: The Development Center, Alameda County Library and handing them out at community and neighborhood events.
Step 4 – Submit to the Governing Body
This assessment is submitted to the City Council on July 18, 2023 at the regular council meeting.
Step 5 – Reassess
This flood insurance assessment will be re-assessed in 5 years before the next CRS verification/cycle visit. Updated flood insurance data will be requested from the ISO/CRS Specialist prior to the 5-year visit and used to revise this document including the process followed, summary of data, along with any conclusions and recommendations. The revised assessment will then be submitted to the City Council prior to the CRS visit.