Final answer:
Yes, floodproofing a building in an AE Zone to the base flood elevation can lead to a better flood insurance rate. The rate depends on factors like property location and adherence to floodplain regulations. An Elevation Certificate may be necessary to document compliance and assess risk for insurance purposes.
Step-by-step explanation:
Yes, you can potentially get a good flood insurance rate on a building in an AE Zone if it is floodproofed to the base flood elevation (BFE). Flood insurance rates are determined by the National Flood Insurance Program (NFIP) and can be influenced by various factors, including a property's flood zone, elevation, building characteristics, and the extent of floodproofing measures taken.
Properties in AE flood zones are considered to have a high risk for flooding. However, by floodproofing your building to at least the BFE, you can reduce the risk of flood damage and may qualify for lower flood insurance premiums. It is important to work with an insurance agent experienced in flood insurance who can provide more detailed information specific to your building and location.
Keep in mind that adherence to local floodplain management regulations and building codes is crucial, and obtaining an Elevation Certificate performed by a licensed surveyor or engineer can be instrumental in documenting your building's compliance and informing your insurance rates.