TeachMeFinance.com - explain Base Flood Elevation (BFE)
Base Flood Elevation (BFE) The term 'Base Flood Elevation (BFE)' as it applies to the area of flooding can be defined as 'The elevation shown on the Flood Insurance Rate Map (FIRM) for Zones AE, AH, A1-A30, AR, AR/A, AR/AE, AR/A1-A30, AR/AH, AR/AO, V1-V30, and VE that indicates the water surface elevation resulting from a flood that has a 1% chance of equaling or exceeding that level in any given year'.
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