FEMA 2.0 regulations and knowledge points

[Duane Ward]

We have interest in a property that renovated and raised after Sandy hit. I read that the FEMA standards have been updated. Since the property has been raised to the new fema flood standards, somebody mentioned no flood insurance is needed. Does anybody know if this is true? Also if it's not, being a 9/10 factor without the raised foundation, would it be recommended to get flood insurance on the property anyway to at least cover those things that aren't raised like the shed, fencing, stairs, etc?