U.S. Department of Homeland Security
500 C Street SW
Washington, DC 20472
www.fema.gov
February 2010
Dear Flood Insurance Manual Subscribers:
Revisions have been made to the Producer’s Edition of the NFIP Flood Insurance Manual that will become effective May 1, 2010. All of the changes are shown on the enclosed amended pages, and
related footers have been modified to reflect the May 1, 2010, effective date. The significant revisions include the following:
• Clarification of presentment of premium dates (GR Section).
• Modification of requirement to complete relevant items in Part 2 of the Flood Insurance Application to include all buildings (APP Section).
• Increase to the Federal Policy Fee to fund Program administrative costs (RATE, CONDO, and
PRP Sections).
• Decrease to selected building rates to comply with the statutory annual limitation on premium increases (RATE and CONDO Sections).
• Modifications to the Condominium Guidelines and Condominium Rating Charts (CONDO Section).
Thank you for your continued support of the NFIP.
Sincerely,
Edward L. Connor
Acting Federal Insurance Administrator
National Flood Insurance Program
Enclosure

Change Record Page
Effective Date: May 1, 2010
Updates to the NFIP Flood Insurance Manual are distributed semiannually. Each change is
highlighted by a vertical bar in the margin of the page. The effective date of each page is shown
in the bottom right corner. Pages bearing the new effective date but no change bar simply indicate that text has shifted from one page to another.
Please keep this Change Record Page in your manual for reference.
Remove Insert
i-vi
GR 1-15
APP 7-12
RATE 1-12
RATE 21-24, 49-63
CONDO 1-10, 13-14
CONDO 17-20, 23-31
PRP 1-8
IND 1-5
i-vi
GR 1-15
APP 7-12
RATE 1-12
RATE 21-24, 49-63
CONDO 1-10, 13-14
CONDO 17-20, 23-31
PRP 1-8
IND 1-5

TABLE OF CONTENTS
SECTION PAGE
i May 1, 2010
GENERAL RULES ..................................................................................................................... GR 1
I. COMMUNITY ELIGIBILITY .......................................................................................... GR 1
A. Participating (Eligible) Communities .................................................................... GR 1
B. Emergency Program ............................................................................................ GR 1
C. Regular Program.................................................................................................. GR 1
D. Maps..................................................................................................................... GR 1
E. Probation.............................................................................................................. GR 1
F. Suspension........................................................................................................... GR 1
G. Non-Participating (Ineligible) Communities.......................................................... GR 1
H. Coastal Barrier Resources Act ............................................................................. GR 1
I. Federal Land ........................................................................................................ GR 1
II. POLICIES AND PRODUCTS AVAILABLE................................................................... GR 1
A. Standard Flood Insurance Policy ......................................................................... GR 1
B. Insurance Products .............................................................................................. GR 2
III. BUILDING PROPERTY ELIGIBILITY .......................................................................... GR 3
A. Eligible Buildings .................................................................................................. GR 3
B. Single Building...................................................................................................... GR 5
C. Walls..................................................................................................................... GR 5
D. Determination of Building Occupancy.................................................................. GR 5
IV. CONTENTS ELIGIBILITY............................................................................................. GR 6
A. Eligible Contents .................................................................................................. GR 6
B. Vehicles and Equipment ...................................................................................... GR 6
C. Silos, Grain Storage Buildings, and Cisterns ....................................................... GR 6
D. Commercial Contents Coverage.......................................................................... GR 6
V. EXAMPLES OF ELIGIBLE RISKS ............................................................................... GR 6
A. Building Coverage................................................................................................ GR 6
B. Contents Coverage .............................................................................................. GR 7
C. Condominiums ..................................................................................................... GR 7
VI. INELIGIBLE PROPERTY............................................................................................. GR 7
A. Buildings............................................................................................................... GR 7
B. Container-Type Buildings..................................................................................... GR 7
C. Buildings Entirely Over Water .............................................................................. GR 7
D. Buildings Partially Underground........................................................................... GR 7
E. Basement/Elevated Building Enclosures ............................................................. GR 7
VII. EXAMPLES OF INELIGIBLE RISKS............................................................................ GR 7
A. Building Coverage................................................................................................ GR 7
B. Contents Coverage .............................................................................................. GR 8
C. Non-Residential Condominium Unit ..................................................................... GR 8
VIII. POLICY EFFECTIVE DATE......................................................................................... GR 8
A. Evidence of Insurance.......................................................................................... GR 8
B. Start of Waiting Period ......................................................................................... GR 8
C. Presentment of Premium Date Requirements ..................................................... GR 8
D. Effective Date....................................................................................................... GR 9
IX. COVERAGE ................................................................................................................. GR 12
A. Limits of Coverage ............................................................................................... GR 12
B. Deductibles........................................................................................................... GR 12
C. Coverage D - Increased Cost of Compliance (ICC) Coverage ............................ GR 12
TABLE OF CONTENTS
SECTION PAGE
ii May 1, 2010
D. Reduction of Coverage Limits or Reformation..................................................... GR 12
E. Loss Assessments ............................................................................................... GR 13
F. Improvements and Betterments and Tenant’s Coverage .................................... GR 14
X. SPECIAL RATING SITUATIONS................................................................................. GR 14
A. Tentative Rates .................................................................................................... GR 14
B. Submit-For-Rate................................................................................................... GR 14
C. Provisional Rates ................................................................................................. GR 14
D. Buildings in More Than One Flood Zone ............................................................. GR 14
E. Different Base Flood Elevations (BFEs) Reported............................................... GR 15
F. Flood Zone Discrepancies ................................................................................... GR 15
XI. MISCELLANEOUS RULES.......................................................................................... GR 15
A. Policy Term .......................................................................................................... GR 15
B. Application Submission ........................................................................................ GR 15
C. Delivery of the Policy............................................................................................ GR 15
D. Assignment........................................................................................................... GR 15
E. Producers’ Commissions (Direct Business Only) ................................................ GR 15
F. Contract Agent Rule............................................................................................. GR 15
APPLICATION........................................................................................................................... APP1
I. USE OF THE FORM .................................................................................................... APP 1
II. BUILDING DESCRIPTION........................................................................................... APP 1
III. SCHEDULED BUILDING POLICY............................................................................... APP 1
IV. COMPLETING PART 1 OF THE FLOOD INSURANCE APPLICATION FORM ......... APP 1
A. Policy Status......................................................................................................... APP 1
B. Policy Term (Billing/Policy Period) ....................................................................... APP 1
C. Agent Information................................................................................................. APP 2
D. Insured Mail Address ........................................................................................... APP 2
E. Disaster Assistance.............................................................................................. APP 2
F. Property Location ................................................................................................. APP 2
G. First Mortgagee .................................................................................................... APP 2
H. Second Mortgagee Or Other................................................................................ APP 2
I. Community Rating Map Information .................................................................... APP 2
J. Current Community Map Information................................................................... APP 3
K. State-Owned Property and Buildings on Federal Land ...................................... APP 3
L. Building................................................................................................................. APP 3
M. Contents ............................................................................................................... APP 6
N. Construction Data ................................................................................................ APP 5
O. Coverage and Rating ........................................................................................... APP 6
P. Signature .............................................................................................................. APP 7
V. COMPLETING PART 2 OF THE FLOOD INSURANCE APPLICATION FORM ......... APP 7
Section I - All Building Types........................................................................................ APP 8
Section II - Elevated Buildings...................................................................................... APP 8
Section III - Manufactured (Mobile) Homes/Travel Trailers.......................................... APP 8
VI. MAILING INSTRUCTIONS........................................................................................... APP 8
VII. HANDLING OF INCOMPLETE OR INCORRECT APPLICATIONS ............................ APP 9
TABLE OF CONTENTS (Continued)
SECTION PAGE
iii May 1, 2009
RATING ..................................................................................................................................... RATE 1
I. AMOUNT OF INSURANCE AVAILABLE ..................................................................... RATE 1
II. RATE TABLES ............................................................................................................. RATE 1
III. DEDUCTIBLES ............................................................................................................ RATE 12
A. Buy-Back Deductibles .......................................................................................... RATE 12
B. Changes in Deductible Amount............................................................................ RATE 12
IV. INCREASED COST OF COMPLIANCE (ICC) COVERAGE ....................................... RATE 14
V. RATING STEPS ........................................................................................................... RATE 15
VI. PREMIUM CALCULATION .......................................................................................... RATE 16
A. Emergency Program ............................................................................................ RATE 16
B. Regular Program.................................................................................................. RATE 16
VII. KEY POINTS FOR RATING......................................................................................... RATE 17
A. Basic Limits and Additional Limits........................................................................ RATE 17
B. Whole Dollars ....................................................................................................... RATE 17
C. Increased Cost of Compliance (ICC) Premium.................................................... RATE 17
D. Federal Policy Fee ............................................................................................... RATE 17
E. Buildings in More Than One Flood Zone ............................................................. RATE 17
F. Different Base Flood Elevations (BFEs) Reported............................................... RATE 17
G. Flood Zone Discrepancies ................................................................................... RATE 17
H. Mortgagee on Policy--Higher Deductible Requested........................................... RATE 17
VIII. REGULAR PROGRAM, POST-FIRM ELEVATION-RATED RISKS............................ RATE 17
A. Elevation Difference ............................................................................................. RATE 17
B. Examples.............................................................................................................. RATE 18
C. Optional Elevation Rating..................................................................................... RATE 19
IX. PRE-FIRM ELEVATED BUILDING RATED AT PRE-FIRM RATES............................ RATE 19
X. AR ZONE AND AR DUAL ZONE RATING................................................................... RATE 19
XI. POST-FIRM AO ZONE RATING.................................................................................. RATE 19
XII. POST-FIRM RATING OF ELEVATED BUILDINGS IN ZONES B, C, X, A99,
AND D......................................................................................................................... RATE 19
XIII. REGULAR PROGRAM V ZONE POST-FIRM CONSTRUCTION............................... RATE 19
A. Rating All V Zone Buildings.................................................................................. RATE 19
B. Zones VE and V1-V30--Enclosure Containing Machinery or
Equipment Below BFE ........................................................................................ RATE 19
C. 1975-81 Post-FIRM V Zone Construction............................................................ RATE 20
D. 1981 Post-FIRM V Zone Construction ................................................................. RATE 20
E. Elevated Buildings--Post-FIRM V Zone Construction.......................................... RATE 20
XIV. SPECIAL RATING SITUATIONS................................................................................. RATE 21
A. Tentative Rates .................................................................................................... RATE 21
B. Alternative Rates .................................................................................................. RATE 21
C. Map "Grandfather" Rules--Effect of Map Revisions on Flood Insurance Rates .. RATE 22
D. Post-’81 V Zone Optional Rating.......................................................................... RATE 23
E. Policies Requiring Re-Rating ............................................................................... RATE 23
TABLE OF CONTENTS (Continued)
SECTION PAGE
iv May 1, 2010
F. Submit-for-Rate.................................................................................................... RATE 24
G. Crawlspace........................................................................................................... RATE 25
XV. CONTENTS LOCATION .............................................................................................. RATE 26
A. Single Family Dwellings ....................................................................................... RATE 26
B. Multi-Family and Non-Residential Buildings ........................................................ RATE 26
XVI. FIRMS WITH WAVE HEIGHTS ................................................................................... RATE 30
A. Procedure for Calculating Wave Height Adjustment ............................................ RATE 30
B. Wave Heights in Numbered Zones V1-V30 and VE 1981 Post-FIRM Construction ... RATE 30
C. Unnumbered V Zones 1981 Post-FIRM Construction ......................................... RATE 31
D. Rate Selection Procedure .................................................................................... RATE 31
XVII. FLOODPROOFED BUILDINGS................................................................................... RATE 31
A. Elevation Difference ............................................................................................. RATE 31
B. Rating ................................................................................................................... RATE 31
XVIII.THE V-ZONE RISK FACTOR RATING FORM............................................................ RATE 32
A. Use ..................................................................................................................... RATE 32
B. Submission........................................................................................................... RATE 32
XIX. RATING EXAMPLES.................................................................................................... RATE 49
CONDOMINIUMS ..................................................................................................................... CONDO 1
I. METHODS OF INSURING CONDOMINIUMS............................................................. CONDO 1
A. Residential Condominium: Association Coverage on Building and Contents .... CONDO 1
B. Residential Condominium: Unit Owner's Coverage on Building and Contents. . CONDO 1
C. Nonresidential (Commercial) Condominium: Building and Contents.................. CONDO 1
D. Nonresidential (Commercial) Condominium: Unit Owner's Coverage
(Contents)............................................................................................................. CONDO 2
II. POLICY FORM............................................................................................................. CONDO 6
III. ELIGIBILITY REQUIREMENTS ................................................................................... CONDO 6
A. General Building Eligibility.................................................................................... CONDO 6
B. Condominium Building in the Course of Construction ......................................... CONDO 6
IV. COVERAGE ................................................................................................................. CONDO 7
A. Property Covered ................................................................................................. CONDO 7
B. Coverage Limits ................................................................................................... CONDO 7
C. Replacement Cost................................................................................................ CONDO 7
D. Coinsurance ......................................................................................................... CONDO 7
E. Assessment Coverage ......................................................................................... CONDO 7
V. DEDUCTIBLES AND FEES ......................................................................................... CONDO 8
A. Deductibles........................................................................................................... CONDO 8
B. Federal Policy Fee ............................................................................................... CONDO 8
VI. TENTATIVE RATES AND SCHEDULED BUILDINGS ................................................ CONDO 8
VII. COMMISSIONS (DIRECT BUSINESS ONLY)............................................................. CONDO 8
TABLE OF CONTENTS (Continued)
SECTION PAGE
v May 1, 2010
VIII. CANCELLATION OR ENDORSEMENT OF UNIT OWNERS' DWELLING POLICIES...................................................................... CONDO 8
IX. APPLICATION FORM .................................................................................................. CONDO 8
A. Type of Building ................................................................................................... CONDO 8
B. Replacement Cost Value .................................................................................... CONDO 9
C. Coverage.............................................................................................................. CONDO 9
D. Rates and Fees.................................................................................................... CONDO 9
X. CONDOMINIUM RATING EXAMPLES........................................................................ CONDO 23
PREFERRED RISK POLICY...................................................................................................... PRP 1
I. GENERAL DESCRIPTION........................................................................................... PRP 1
II. ELIGIBILITY REQUIREMENTS ................................................................................... PRP 1
A. Flood Zone .......................................................................................................... PRP 1
B. Occupancy .......................................................................................................... PRP 1
C. Loss History......................................................................................................... PRP 1
III. INELIGIBILITY.............................................................................................................. PRP 2
IV. DOCUMENTATION...................................................................................................... PRP 2
V. RENEWAL.................................................................................................................... PRP 2
VI. COVERAGE LIMITS..................................................................................................... PRP 2
VII. REPLACEMENT COST COVERAGE.......................................................................... PRP 2
VIII. DISCOUNTS/FEES/ICC PREMIUM............................................................................. PRP 2
IX. DEDUCTIBLES ............................................................................................................ PRP 2
X. ENDORSEMENTS ....................................................................................................... PRP 6
XI. CONVERSION OF STANDARD RATED POLICY TO PRP DUE TO MISRATING .... PRP 6
XII. CONVERSION OF STANDARD RATED POLICY TO PRP DUE TO
MAP REVISION, LOMA, OR LOMR .......................................................................... PRP 6
XIII. CONVERSION OF PRP TO STANDARD RATED POLICY ........................................ PRP 6
XIV. COMPLETING THE FLOOD INSURANCE
PREFERRED RISK POLICY APPLICATION............................................................. PRP 6
A. Policy Status......................................................................................................... PRP 6
B. Policy Term .......................................................................................................... PRP 6
C. Agent Information................................................................................................. PRP 7
D. Insured’s Mailing Address .................................................................................... PRP 7
E. Disaster Assistance.............................................................................................. PRP 7
F. First Mortgagee .................................................................................................... PRP 7
G. Second Mortgagee or Other................................................................................. PRP 7
H. Property Location ................................................................................................. PRP 7
I. Community ........................................................................................................... PRP 7
J. Building and Contents .......................................................................................... PRP 8
K. Notice ................................................................................................................... PRP 8
L. Premium............................................................................................................... PRP 8
M. Signature .............................................................................................................. PRP 8
TABLE OF CONTENTS (Continued)
SECTION PAGE
vi October 1, 2009
LEASED FEDERAL PROPERTIES ........................................................................................... LFP 1
I. GENERAL DESCRIPTION........................................................................................... LFP 1
II. NOTIFICATION REQUIREMENTS.............................................................................. LFP 1
III. TENTATIVE RATES..................................................................................................... LFP 1
IV. APPEALS ..................................................................................................................... LFP 1
INDEX ..................................................................................................................................... IND 1
GR 1 May 1, 2010
GENERAL RULES
I. COMMUNITY ELIGIBILITY
A. Participating (Eligible) Communities
Flood insurance may be written only in those
communities that have been designated as participating in the National Flood Insurance
Program (NFIP) by the Federal Emergency Management Agency (FEMA).
B. Emergency Program
The Emergency Program is the initial phase of a
community's participation in the NFIP. Limited
amounts of coverage are available.
C. Regular Program
The Regular Program is the final phase of a
community's participation in the NFIP. In this phase, a Flood Insurance Rate Map is in effect and full limits of coverage are available.
D. Maps
Maps of participating communities indicate the
degree of flood hazard so that actuarial premium rates can be assigned for insurance coverage on
properties at risk. Additional information is provided
in the Flood Maps section of this manual.
1. Flood Hazard Boundary Map (FHBM) -
Usually the initial map of a community. Some communities entering the Regular Program will continue to use FHBMs renamed a Flood Insurance Rate Map (FIRM), if there is a minimum flood hazard.
2. Flood Insurance Rate Map (FIRM) - The official map of the community containing detailed actuarial risk premium zones.
3. Rescission - Participating communities in the Emergency Program remain in the Emergency Program if an FHBM is rescinded.
E. Probation
Probation, imposed by the FEMA Regional Director, occurs as a result of noncompliance with
NFIP floodplain management criteria. A community is placed on probation for 1 year (may be
extended), during which time a $50 surcharge is applied to all NFIP policies, including the Preferred Risk Policy, issued on or after the Probation Surcharge effective date. Probation is terminated if
deficiencies are corrected. However, if a community does not take remedial or corrective
measures while on probation, it can be suspended.
F. Suspension
Flood insurance may not be sold or renewed in
communities that are suspended from the NFIP.
When a community is suspended, coverage remains in effect until expiration. These policies cannot be renewed.
G. Non-Participating (Ineligible) Communities
When FEMA provides a non-participating
community with a Flood Hazard Boundary Map
(FHBM) or Flood Insurance Rate Map (FIRM) delineating its flood-prone areas, the community is allowed 1 year in which to join the NFIP. If the community chooses not to participate in the NFIP,
flood insurance is not available.
H. Coastal Barrier Resources Act
Flood insurance may not be available for buildings and/or contents located in coastal barriers or otherwise protected areas. See the Coastal Barrier Resources System section for additional information.
I. Federal Land
Buildings and/or contents located on land owned by the federal government are eligible for flood
insurance if the federal agency having control of
the land has met floodplain management requirements. All federal land is recorded under the local community number even if that local community does not have jurisdiction.
Certain Leased Federal Property must be actuarially rated. This includes buildings that the
Administrator determines is located on the riverfacing side of any dike, levee, or other riverine flood
control structure, or seaward of any seawall or other coastal flood control structure. See the Leased Federal Property section for additional information.
II. POLICIES AND PRODUCTS AVAILABLE
A. Standard Flood Insurance Policy
The Standard Flood Insurance Policy (SFIP) consists of the Dwelling Form, the General Property Form, and the Residential Condominium
Building Association Policy (RCBAP) Form. The three SFIP forms are reproduced in the Policy section of this manual.
The table on the next page shows how agents can
use the three SFIP forms to insure a variety of
residential and non-residential building and contents risks.
GR 2 May 1, 2010
Matching Standard Flood Insurance Policy Forms with Specific Risks
SFIP FORM ELIGIBILITY
Dwelling Form
Issued to homeowner,
residential renter, or owner
of residential building containing two to four units.
In NFIP Regular Program community or Emergency Program community, provides building and/or contents coverage for:
? Detached, single-family, non-condominium residence with incidental occupancy limited to less than 50% of the total floor area;
? Two- to four-family, non-condominium building with incidental occupancy limited to less than 25% of the total floor area;
? Dwelling unit in residential condominium building;
? Residential townhouse/rowhouse;
? Personal contents in a non-residential building.
General Property Form
Issued to owner of
residential building with five or more units.
Issued to owner or lessee of
non-residential building or
unit.
In NFIP Regular Program community or Emergency Program community, provides
building and/or contents coverage for these and similar “other residential” risks:
? Hotel or motel with normal guest occupancy of 6 months or more;
? Tourist home or rooming house with five or more lodgers;
? Apartment building;
? Residential cooperative building;
? Dormitory;
? Assisted-living facility.
In NFIP Regular Program community or Emergency Program community, provides building coverage and/or contents coverage for these and similar non-residential risks:
? Hotel or motel with normal guest occupancy of less than 6 months;
? Licensed bed-and-breakfast inn;
? Retail shop, restaurant, or other business;
? Mercantile building;
? Grain bin, silo, or other farm building;
? Agricultural or industrial processing facility;
? Factory;
? Warehouse;
? Poolhouse, clubhouse, or other recreational building;
? House of worship;
? School;
? Nursing home;
? Non-residential condominium;
? Condominium building with less than 75% of its total floor area in residential use;
? Detached garage;
? Tool shed;
? Stock, inventory, or other commercial contents.
Residential Condominium Building Association
Policy (RCBAP)
Issued to residential
condominium association on behalf of association and unit owners.
In NFIP Regular Program community only, provides building coverage and, if
desired, coverage of commonly owned contents for residential condominium building with 75% or more of its total floor area in residential use.
B. Insurance Products
1. Preferred Risk Policy
The Preferred Risk Policy (PRP) is available
in moderate-risk flood zones B, C, and X. Formerly, only single-family and two- to fourfamily dwellings were eligible for coverage.
Other residential and non-residential buildings became eligible for coverage
effective May 1, 2004. Greatly expanded
coverage options for residential and nonresidential buildings are effective May 1,
2008. Information about coverage options and eligibility requirements for the Preferred Risk Policy is provided in the PRP section of
this manual.
2. Mortgage Portfolio Protection Program
(MPPP)
The Mortgage Portfolio Protection Program
(MPPP) offers a force-placed policy available
only through a Write Your Own Company.
Additional information is provided in the
MPPP section of this manual.
GR 3 May 1, 2010
3. Scheduled Building Policy
The Scheduled Building Policy is available to cover 2 to 10 buildings. The policy requires a specific amount of insurance to be designated for each building. To qualify,
all buildings must have the same ownership and the same location. The properties on which the buildings are located must be contiguous.
4. Group Flood Insurance
Group Flood Insurance is issued under the NFIP Direct Program in response to a Presidential disaster declaration. Disaster assistance applicants, in exchange for a modest premium, receive a minimum
amount of building and/or contents coverage for a 3-year policy period. The Group Flood
Insurance Policy cannot be cancelled. However, an applicant may purchase a
regular Standard Flood Insurance Policy through the NFIP. When this is done, the
group flood certificate for the property owner is void, and premium will not be refunded.
III. BUILDING PROPERTY ELIGIBILITY A. Eligible Buildings
Insurance may be written only on a structure with
two or more outside rigid walls and a fully secured roof that is affixed to a permanent site.
Buildings must resist flotation, collapse, and
lateral movement. At least 51 percent of the
actual cash value of buildings, including machinery and equipment, which are a part of the
buildings, must be above ground level, unless the lowest level is at or above the Base Flood Elevation (BFE) and is below ground by reason of
earth having been used as insulation material in
conjunction with energy-efficient building techniques.
1. Appurtenant Structures
The only appurtenant structure covered by the SFIP is a detached garage at the
described location, which is covered under
the Dwelling Form. Coverage is limited to
no more than 10 percent of the limit of
liability on the dwelling. Use of this insurance is at the policyholder’s option but
reduces the building limit of liability.
Appurtenant structure coverage does not apply to any detached garage used or held
for use for residential (dwelling), business,
or farming purposes.
2. Manufactured (Mobile) Homes/Travel Trailers
Eligible buildings also include:
A manufactured home (a “manufactured home,” also known as a mobile home, is a structure built on a
permanent chassis, transported to its site in one or more sections, and affixed to a permanent foundation); or
A travel trailer without wheels, built on
a chassis and affixed to a permanent
foundation, that is regulated under the community’s floodplain management and building ordinances or laws.
NOTE: All references in this
manual to manufactured (mobile) homes include travel trailers without wheels.
a. Manufactured (Mobile) Homes - New Policies Effective on or After October 1, 1982
To be insurable under the NFIP, a
mobile home:
Must be affixed to a permanent
foundation. A permanent foundation for a manufactured (mobile)
home may be poured masonry slab or foundation walls, or may be piers or block supports, either of
which support the mobile home so that no weight is supported by the
wheels and axles of the mobile home.
Must be anchored if located in a
Special Flood Hazard area. For
flood insurance coverage, all new
policies and subsequent renewals of those policies must be based
upon the specific anchoring
requirements identified below:
A manufactured (mobile) home located within a Special Flood Hazard Area must be anchored to a permanent foundation to resist flotation, collapse, or lateral movement by providing over-the-top
or frame ties to ground anchors; or in accordance with manufacturer’s specifications; or in compliance with the community’s floodplain management requirements.
GR 4 May 1, 2010
b. Manufactured (Mobile) Homes -
Continuously Insured Since September 30, 1982
All manufactured (mobile) homes on a foundation continuously insured since September 30, 1982, can be renewed
under the previously existing requirements if affixed to a permanent foundation.
Manufactured (mobile) homes in compliance with the foundation and anchoring requirements at the time of placement may continue to be renewed under these requirements even though the requirements are more stringent at a
later date.
To be adequately anchored, the
manufactured (mobile) home is attached to the foundation support system, which in turn is established (stabilized) into the ground, sufficiently to resist flotation, collapse, and lateral movement caused by flood forces, including wind forces in coastal areas.
3. Silos and Grain Storage Buildings
4. Cisterns
5. Buildings Entirely Over Water - Constructed or Substantially Improved Before October 1, 1982
Follow "submit for rate" instructions in the Rating section for insurance on Post-FIRM buildings located entirely in, on, or over water or seaward of mean high tide for these
buildings. Pre-FIRM buildings constructed before October 1, 1982, are eligible for normal Pre-FIRM rates.
If the building was constructed or substantially improved on or after October 1, 1982,
the building is ineligible for coverage.
6. Buildings Partially Over Water
Follow “submit for rate” instructions in the
Rating section for buildings partially over water. However, Pre-FIRM buildings are eligible for normal Pre-FIRM rates.
7. Boathouses Located Partially Over Water
The non-boathouse parts of a building into which boats are floated are eligible for coverage if the building is partly over land and also used for residential, commercial, or municipal purposes and is eligible for flood coverage. The area above the boathouse
used for purposes unrelated to the
boathouse use (e.g., residential occupancy) is insurable from the floor joists to the roof
including walls. A common wall between the boathouse area and the other part of the building is insurable. The following items are not covered:
a. The ceiling and roof over the
boathouse portions of the building into
which boats are floated.
b. Floors, walkways, decking, etc., within the boathouse area, or outside the area, but pertaining to boathouse use.
c. Exterior walls and doors of the boathouse area not common to the rest
of the building.
d. Interior walls and coverings within the boathouse area.
e. Contents located within the boathouse area, including furnishings and equipment, relating to the operation and storage of boats and other
boathouse uses.
The Flood Insurance Application form with
photographs, but without premium, must be submitted to the NFIP for premium
determination. No coverage becomes effective until the NFIP approves the
insurance application, determines the rate, and receives the premium. However, buildings in existence prior to October 1,
1982, may continue to be rated using the
published rate.
8. Buildings in the Course of Construction
The NFIP rules allow the issuance of an SFIP to cover a building in the course of
construction before the building is walled
and roofed. These rules provide lenders an option to require flood insurance coverage at
the time that the development loan is made
to comply with the mandatory purchase requirement outlined in the Flood Disaster Protection Act of 1973, as amended. The
policy is issued and rated based on the
construction designs and intended use of
the building. Buildings in the course of construction that
have yet to be walled and roofed are eligible for coverage except when construction has
GR 5 May 1, 2010
been halted for more than 90 days and/or if
the lowest floor used for rating purposes is below the Base Flood Elevation (BFE). Materials or supplies intended for use in such construction, alteration, or repair are not insurable unless they are contained within an enclosed building on the premises or adjacent to the premises.
To determine the eligibility of a residential condominium building under construction,
see page CONDO 6 in this manual.
9. Severe Repetitive Loss Properties
These must be processed by the NFIP Special Direct Facility. See the Severe
Repetitive Loss section of this manual for information.
B. Single Building To qualify as a single building structure and be subject to the single building limits of coverage, a building must be separated from other buildings by intervening clear space or solid, vertical, loadbearing division walls.
A building separated into divisions by solid,
vertical, load-bearing walls from its lowest level to its highest ceiling may have each division insured
as a separate building. A solid load-bearing interior wall cannot have any openings and must not provide access from one building or room into
another (partial walls). However, if access is available through a doorway or opening, then the structure must be insured as one building unless the building is self contained; it is a separately titled building contiguous to the ground; it has a separate legal description; and it is regarded as a
separate property for other real estate purposes,
meaning that it has most of its own utilities and may be deeded, conveyed, and taxed separately.
Additions and Extensions
The NFIP insures additions and extensions attached to and in contact with the building by means of a rigid exterior wall, a solid load-bearing
interior wall, a stairway, an elevated walkway, or a roof. At the insured’s option, additions and
extensions connected by any of these methods may be separately insured. Additions and extensions attached to and in contact with the building by means of a common interior wall that
is not a solid load-bearing wall are always considered part of the building and cannot be
separately insured.
C. Walls
1. Breakaway Walls
For an enclosure's wall to qualify as breakaway, it must meet all of the following criteria:
a. Above ground level; and
b. Below the elevated floor of an elevated
structure; and
c. Non-structurally supporting (non-loadbearing walls); and
d. Designed to fail under certain wave
force conditions; and
e. Designed so that, as a result of failure, it causes no damage to the elevated portions of the elevated building and/or
its supporting foundation system.
2. Shear Walls
Shear walls are used for structural support,
but are not structurally joined or enclosed at the ends (except by breakaway walls). Shear walls are parallel (or nearly parallel) to the flow of the water and can be used in any zone.
3. Solid Perimeter Foundation Walls
Solid perimeter foundation walls are used as a means of elevating the building in A Zones and must contain proper openings to allow
for the unimpeded flow of floodwaters more
than 1 foot deep.
Solid perimeter foundation walls are not an acceptable means of elevating buildings in
V/VE Zones.
D. Determination of Building Occupancy
The following terms should be used to determine
the appropriate occupancy classification:
1. Single Family Dwellings
These are non-condominium residential buildings designed for principal use as a
dwelling place for one family, or a singlefamily dwelling unit in a condominium building. Residential single family dwellings are permitted incidental occupancies,
including structures with office, professional,
private school, or studio occupancies,
including a small service operation, if such
GR 6 May 1, 2010
occupancies are limited to less than 50 percent of the building's total floor area.
2. 2-4 Family Dwellings
These are non-condominium residential buildings designed for principal use as a
dwelling place of two to four families.
Residential buildings, excluding hotels and motels with normal room rentals for less than
6 months' duration and containing no more than 4 dwelling units, are permitted incidental occupancies (see D.1 above). The total area of incidental occupancy is limited to less than
25 percent of the total floor area within the building.
3. Other Residential Buildings
These include hotels or motels where the normal occupancy of a guest is 6 months or more, or a tourist home or rooming house
which has more than four roomers. This also
includes residential buildings, excluding
hotels and motels with normal room rentals for less than 6 months' duration and containing more than four dwelling units.
These buildings are permitted incidental occupancies (see D.1 above). The total area of incidental occupancy is limited to less than
25 percent of the total floor area within the building. Examples of other residential buildings include dormitories and assisted living facilities.
4. Non-Residential Buildings
This category includes all other eligible
occupancies (e.g., garages, poolhouses, recreational buildings, agricultural buildings, licensed bed and breakfasts, nursing homes, etc.).
IV. CONTENTS ELIGIBILITY
A. Eligible Contents
Contents must be located in a fully enclosed building. However, under the Dwelling form, in a
building that is not fully enclosed, contents must be secured to prevent flotation out of the building.
B. Vehicles and Equipment
The NFIP covers self-propelled vehicles or
machines, provided they are not licensed for use
on public roads and are:
1. Used mainly to service the described location; or
2. Designed and used to assist handicapped persons;
while the vehicles or machines are inside a building at the described location.
C. Silos, Grain Storage Buildings, and Cisterns
Contents located in silos, grain storage buildings,
and cisterns are insurable.
D. Commercial Contents Coverage
Commercial contents in a residential property must be insured on the General Property Form.
V. EXAMPLES OF ELIGIBLE RISKS
Examples of eligible risks are provided below.
A. Building Coverage
1. Cooperative Building--Entire Building in
Name of Cooperative (General Property Form)
Cooperative buildings where at least 75 percent of the area of the building is used for residential purposes are considered as residential occupancies, and can be insured for a maximum building coverage of
$250,000 in a Regular Program community under the General Property Form. Since they are not in the condominium form of ownership, they cannot be insured under the RCBAP.
2. Time Sharing Building--Entire Building in Name of Corporation (General Property Form)
Timeshare buildings not in the condominium form of ownership where at least 75 percent
of the area of the building is used for residential purposes are considered as residential occupancies under the NFIP, and
can be insured for a maximum building
coverage of $250,000 under the General Property Form.
Timeshare buildings in the condominium form
of ownership are eligible for coverage and must be insured under the RCBAP. These
buildings are subject to the same eligibility,
rating, and coverage requirements as other condominiums, including the requirement that
75 percent of the area of the building be used
for residential purposes.
GR 7 May 1, 2010
B. Contents Coverage
Parts and equipment as open stock—not part of
specific vehicle or motorized equipment—are eligible for coverage.
C. Condominiums
Refer to pages CONDO 3-5.
VI. INELIGIBLE PROPERTY
A. Buildings
Coverage may not be available for buildings that
are constructed or altered in such a way as to
place them in violation of state or local floodplain
management laws, regulations, or ordinances.
Contents and personal property contained in
these buildings are ineligible for coverage.
For example, section 1316 of the National Flood
Insurance Act of 1968 allows the states to declare
a structure to be in violation of a law, regulation,
or ordinance. Flood insurance is not available
for properties that are placed on the 1316 Property List. Insurance availability is restored once the violation is corrected and the 1316 Declaration has been rescinded.
B. Container-Type Buildings
Gas and liquid tanks, chemical or reactor container tanks or enclosures, brick kilns, and similar units, and their contents are ineligible for coverage.
C. Buildings Entirely Over Water
Buildings newly constructed or substantially improved on or after October 1, 1982, and located entirely in, on, or over water or seaward
of mean high tide are ineligible for coverage.
D. Buildings Partially Underground
If 50 percent or more of the building's actual cash
value, including the machinery and equipment, which are part of the building, is below ground level, the building or units and their
contents are ineligible for coverage unless the lowest level is at or above the BFE and is below ground by reason of earth having been used as insulation material in conjunction with energy efficient building techniques.
E. Basement/Elevated Building Enclosures
Certain specific property in basements and under elevated floors of buildings is excluded from
coverage. See the policy contract for specific information.
VII. EXAMPLES OF INELIGIBLE RISKS
Some specific examples of ineligible risks are
provided below. See the policy for a definitive
listing of property not covered.
A. Building Coverage
1. Boat Repair Dock
2. Boat Storage Over Water
3. Boathouses (exceptions on page GR 4)
4. Camper
5. Cooperative Unit Within Cooperative
Building
6. Decks (except for steps and landing;
maximum landing area of 16 sq. ft.)
7. Drive-In Bank Teller Unit (located outside walls of building)
8. Fuel Pump
9. Gazebo (unless it qualifies as a building)
10. Greenhouse (unless it has at least two rigid walls and a roof)
11. Hot tub or spa (unless it is installed as a
bathroom fixture)
12. Open Stadium
13. Pavilion (unless it qualifies as a building)
14. Pole Barn (unless it qualifies as a building)
15. Pumping Station (unless it qualifies as a
building)
16. Storage Tank--Gasoline, Water, Chemicals,
Sugar, etc.
17. Swimming Pool Bubble
18. Swimming Pool (indoor or outdoor)
19. Tennis Bubble
20. Tent
21. Time Sharing Unit Within Multi-Unit Building
22. Travel Trailer (unless converted to a
permanent onsite building meeting the
community's floodplain management permit requirements)
23. Water Treatment Plant (unless 51 percent of
its actual cash value is above ground)
GR 8 May 1, 2010
B. Contents Coverage
1. Automobiles--Including Dealer's Stock (assembled or not)
2. Bailee's Customer Goods--Including
garment contractors, cleaners, shoe repair shops, processors of goods belonging to
others, and similar risks
3. Contents Located in a Structure Not Eligible for Building Coverage
4. Contents Located in a Building Not Fully Walled and/or Contents Not Secured
Against Flotation
5. Motorcycles--Including Dealer's Stock (assembled or not)
6. Motorized Equipment--Including Dealer's Stock (assembled or not)
C. Non-Residential Condominium Unit
The owner of a non-residential condominium unit
cannot purchase a unit owner's policy. The
association can purchase a condominium
association policy to cover the entire building.
Contents-only coverage may be purchased by the unit owner.
VIII. POLICY EFFECTIVE DATE
A. Evidence of Insurance
A copy of the Flood Insurance Application and
premium payment, or a copy of the declarations page, is sufficient evidence of proof of purchase
for new policies. The NFIP does not recognize
binders. However, the NFIP recognizes
Certificates of Insurance for renewal policies.
B. Start of Waiting Period
There is a standard 30-day waiting period for new applications and for endorsements to increase
coverage.
1. If the application or endorsement form and
the premium payment are received at the NFIP within 10 days from the date of
application or endorsement request, or if mailed by certified mail within 4 days from the date of application or endorsement request, then the waiting period will be calculated from the application or endorsement date. Use the application date or endorsement date plus 9 days to determine if the application or endorsement and premium payment were received within
10 days. When sent by certified mail, use the application date or endorsement date
plus 3 days to determine if the application or endorsement and premium payment
were mailed within 4 days.
2. If the application or endorsement form and
the premium payment are received at the NFIP after 10 days from the date of
application or endorsement request, or are
not mailed by certified mail within 4 days from the date of application or endorsement
request, then the waiting period will be calculated from the date the NFIP receives the application or endorsement.
As used in VIIl.B.1. and 2. above, the term “certified mail” extends to not only the U.S. Postal Service but also certain third-party delivery services. Acceptable third-party delivery
services include Federal Express (FedEx),
United Parcel Service (UPS), and courier
services and the like that provide proof of mailing. Third-party delivery is acceptable if the delivery service provides documentation of the actual mailing date and delivery date to the NFIP insurer. Bear in mind that third-party delivery services deliver to street addresses but cannot deliver to U.S. Postal Service post office boxes.
C. Presentment of Premium Date Requirements
for Loan Closing
FEMA requires the Write-Your-Own companies and the NFIP Servicing Agent to record the
presentment of premium date, the closing date
and, the premium payer (insured, lender, title company, settlement attorney, etc.).
The NFIP rules allow the policy to be effective at closing provided that the coverage is applied for and the presentment of premium is made at
or before the closing.
Presentment of premium is defined as:
1. The date of the check or credit card payment by the applicant or the applicant’s representative if the premium payment is not part of a loan closing.
2. The date of the closing, if the premium payment is part of a loan closing.
For a loan closing, premium payment from the escrow account (lender’s check), title company,
or settlement attorney is considered made at closing, if the premium is received by the writing company within 30 days of the closing date.
GR 9 May 1, 2010
NOTE: An agency check may be used if settlement paperwork or a photocopy of the original check from the lender, title
company, or settlement attorney is provided as documentation.
If the premium payment is not part of the closing, the closing date is the effective date only if the application date and check date or
credit card payment date are on or before the closing and the payment is received by the company within 10 days from the application date or prior to the closing date.
D. Effective Date
1. New Policy – Standard 30-Day Waiting Period
The effective date of a new policy will be 12:01 a.m., local time, on the 30th calendar day after the application date and the presentment of premium. (Example: a policy applied for on May 3 will become effective 12:01 a.m., local time, on June 2.) The effective date of coverage is subject to the waiting period rule listed under B.1 or B.2 above.
2. New Policy – No Waiting Period (in connection with making, increasing, extending, or renewing a loan, whether conventional or otherwise)
Flood insurance that is initially purchased in connection with the making, increasing, extending, or renewal of a loan shall be effective at the time of loan closing, provided that the policy is applied for and the presentment of premium is made at or prior to the loan closing. (Example: presentment
of premium and application date--April 3,
refinancing--April 3 at 3:00 p.m., policy effective date--April 3 at 3:00 p.m.).
Use the rules below to determine the effective date.
1. Premium payment from the escrow account (lender’s check), title company,
or settlement attorney is considered made at closing if the check is received by the writing company within 30 days of the closing date (closing date plus 29 days) and the application is dated on or
before the closing date. If received after
30 days, the effective date is the receipt date regardless of flood zone.
2. If premium payment is from other than
escrow account (lender’s check), title company, or settlement attorney, and the application is dated on or before the loan
closing date, the effective date is the closing date if the application and premium are received within 10 days of the closing date (closing date plus 9
days). If received after 10 days, the
effective date is the receipt date regardless of flood zone.
If a loss occurs during the first 30 days of the policy period, the insurer must obtain documentation, such as settlement papers,
to verify the effective date of the policy before adjusting the loss.
3. New Policy – No Waiting Period (in connection with lender requirement)
The 30-day waiting period does not apply
when flood insurance is required as a result
of a lender determining that a loan on a building in a Special Flood Hazard Area (SFHA) that does not have flood insurance coverage should be protected by flood insurance. The coverage is effective upon the completion of an application and the presentment of payment of premium. Buildings currently located in an SFHA but grandfathered to a non-SFHA for rating are eligible for this exception to the standard 30-
day waiting period.
(Example: presentment of premium and
application date--April 3, policy effective
date--April 3.) The waiting period rule listed under B.1 or B.2 must be used. If a loss occurs during the first 30 days of the policy period, the insurer must obtain a copy of the letter requiring mandatory purchase, to verify the effective date of the policy before
adjusting the loss. The letter must be dated
on or before the policy effective date.
4. New Policy – 1-Day Waiting Period (when
the initial purchase of flood insurance is in connection with the revision or updating of a Flood Hazard Boundary
Map or Flood Insurance Rate Map)
During the 13-month period beginning on the effective date of the map revision, the
effective date of a new policy shall be 12:01 a.m., local time, following the day after the application date and the presentment of
premium. This rule only applies where the Flood Hazard Boundary Map (FHBM) or
GR 10 May 1, 2010
Flood Insurance Rate Map (FIRM) is revised to show the building to be in a Special Flood Hazard Area (SFHA) when it had not been in an SFHA. (Example: FIRM revised--
January 1, 2009, policy applied for and presentment of premium--August 3, 2009,
policy effective date--August 4, 2009.) The waiting period rule listed under B.1 or B.2 above must be used. This rule applies to all property owners including condominium associations.
If a loss occurs during the first 30 days of the policy period, the insurer must obtain
documentation, such as a copy of the previous and current map or other
documentation confirming the map revision or update, to verify the effective date of the
policy before adjusting the loss.
5. New Policy – No Waiting Period (in
connection with the purchase of an
RCBAP)
When a condominium association is purchasing a Residential Condominium Building Association Policy (RCBAP), the 30-day waiting period does not apply if the
condominium association is required to
obtain flood insurance as part of the security for a loan under the name of the condominium association. The coverage is effective upon completion of an application and presentment of premium. The waiting period rule listed under B.1 or B.2 applies unless the premium payment was made from the escrow account (lender’s check), title company, or settlement attorney.
If a loss occurs during the first 30 days of the policy period, the insurer must obtain
documentation, such as settlement papers,
to verify the effective date of the policy
before adjusting the loss.
6. New Policy (Submit-for-Rate application)
With three exceptions (described below),
the effective date of a new policy will be 12:01 a.m., local time, on the 30th calendar
day after the presentment of premium.
The three exceptions are as follows.
First, there is no waiting period if the initial purchase of flood insurance on a submitfor-
rate application is in connection with making, increasing, extending, or renewing a loan, provided that the policy is applied for and the presentment of premium is made at or prior to the loan closing. The waiting period rule listed under B.1 or B.2 applies unless the premium payment was made from the escrow account (lender’s check), title company, or settlement attorney.
If a loss occurs during the first 30 days of the policy period, the insurer must obtain
documentation, such as settlement papers,
to verify the effective date of the policy
before adjusting the loss.
Second, the 30-day waiting period does not apply when flood insurance is required as a
result of a lender determining that a loan
which does not have flood insurance
coverage should be protected by flood
insurance, because the building securing a
loan is located in an SFHA. The coverage
is effective upon the completion of an application and the presentment of
payment of premium. This exemption from the 30-day waiting period applies only to
loans in SFHAs, i.e., those loans for which the statute requires flood insurance. The waiting period rule listed under B.1 or B.2 above does not apply.
If a loss occurs during the first 30 days of the policy period, the insurer must obtain
documentation, such as a copy of the letter requiring mandatory purchase, to verify the
effective date of the policy before adjusting
the loss.
Third, during the 13-month period beginning on the effective date of a map revision, the effective date of a new policy shall be 12:01 a.m., local time, following the
day after the date the increased amount of coverage is applied for and the presentment of additional premium is made. This rule applies only on an initial purchase of flood insurance where the Flood Hazard Boundary Map (FHBM) or Flood Insurance Rate Map (FIRM) is revised to show the building to be in an SFHA when it had not been in an SFHA. The waiting period rule listed under B.1 or
B.2 must be applied.
If a loss occurs during the first 30 days of the policy period, the insurer must obtain
documentation, such as a copy of the previous and current map or other
documentation confirming the map revision or update, to verify the effective date of the
policy before adjusting the loss.
GR 11 May 1, 2010
7. New Policy (rewrite Standard to PRP)
The 30-day waiting period does not apply when an insured decides to rewrite the
existing policy at the time of renewal from Standard to a Preferred Risk Policy (PRP),
provided that the selected PRP coverage
limit amount is no higher than the next
highest PRP amount above that which was carried on the Standard policy using the
highest of building and contents coverage. In those cases where the Standard policy has only building coverage and is rewritten as a PRP that includes contents coverage,
the 30-day waiting period applies. If the Standard policy has only contents coverage and is rewritten as a contents-only PRP,
the 30-day waiting period does not apply.
In addition, if the structure is no longer eligible under the PRP or the insured decides to rewrite the existing PRP at renewal time to a Standard policy, the 30-day waiting period does not apply provided the coverage limit amount is no more than the previous PRP coverage amount or the next higher PRP amount
above that.
8. New Policy (contents only)
Unless the contents are part of the security for a loan, the 30-day waiting period applies to the purchase of contents-only coverage.
9. New Policy (documentation required)
The insurer may rely on an agent’s representation on the application that the loan exception applies unless there is a
loss during the first 30 days of the policy period. In that case, the insurer must obtain
documentation of the loan transaction, such
as settlement papers, to verify the effective
date of the policy before adjusting the loss.
10. Community Participation Date
(Community's Initial Entry or Conversion from Emergency to Regular Program)
Process according to rules 1 through 9
above and 11 below.
11. Endorsements
With two exceptions (described below), the
effective date for a new coverage or an increase in limits on a policy in force shall be 12:01 a.m., local time, on the 30th calendar day following the date of endorsement and
the presentment of additional premium, or on such later date set by the insured to
conform with the reason for the change. The waiting period rule listed under B.1 or B.2
above must be used.
The two exceptions are as follows.
First, during the 13-month period beginning on the effective date of a map revision, the
effective date of an endorsement of an
existing policy shall be 12:01 a.m., local time, following the day after the application
date and the presentment of premium. This rule applies only where the FHBM or FIRM is revised to show the building to be in an SFHA when it had not been in an SFHA.
The waiting period rule listed under B.1 or
B.2 above does not apply.
Second, the 30-day waiting period does not apply when the additional amount of flood
insurance is required in connection with the making, increasing, extending, or renewing of a loan, such as a second mortgage,
home equity loan, or refinancing. The increased amount of flood coverage shall be effective at the time of loan closing,
provided that the increased amount of
coverage is applied for and the presentment of additional premium is made at or prior to the loan closing. The waiting
period rule listed under B.1 or B.2 above
does not apply.
The insurer may rely on an agent’s representation on the endorsement that the loan exception applies unless there is a loss during the first 30 days after the endorsement effective date. In that case, the
insurer must obtain documentation of the loan transaction, such as settlement papers,
before adjusting the loss.
12. Renewals with inflation increase option
The 30-day waiting period does not apply when an additional amount of insurance is requested at renewal time that is no more
than the amount of increase recommended by the insurer on the renewal bill to keep pace with inflation. If a revised renewal offer is generated at least 30 days before renewal with coverage more than the inflation increase option, the new limits will apply at policy renewal.
GR 12 May 1, 2010
In either situation, the increased amount of coverage will be effective at 12:01 a.m. on
the date of policy renewal provided the
premium for the increased coverage is received before the expiration of the grace period.
13. Renewals with higher PRP limits
The waiting period does not apply to a renewal offer to the insured for the next
higher limits available under the PRP.
14. Renewals with deductible reduction
The 30-day waiting period does not apply to a reduction of the deductible effective as of the renewal date.
IX. COVERAGE
A. Limits of Coverage
Coverage may be purchased subject to the maximum limits of coverage available under the Program phase in which the community is participating. Duplicate policies are not allowed.
See page RATE 1 for additional information regarding coverage limits.
B. Deductibles
Deductibles apply separately to building coverage and to contents coverage. See pages RATE 12 and RATE 13 for deductible options and factors.
C. Coverage D - Increased Cost of Compliance (ICC) Coverage
For all new and renewal policies effective on or after May 1, 2003, the ICC limit of liability is $30,000. The Standard Flood Insurance Policy (SFIP) pays for complying with a State or local floodplain management law or ordinance affecting repair or reconstruction of a structure suffering
flood damage. Compliance activities eligible for payment are: elevation, floodproofing, relocation,
or demolition (or any combination of these
activities) of the insured structure. Eligible
floodproofing activities are limited to nonresidential structures and residential structures
with basements that satisfy FEMA's standards published in the Code of Federal Regulations [44 CFR 60.6 (b) or (c)].
ICC coverage is mandatory for all SFIPs, except
that coverage is not available for:
1. Policies issued or renewed in the Emergency Program.
2. Condominium units, including townhouse/ rowhouse condominium units. (The condominium association is responsible for
complying with mitigation requirements.)
3. Group Flood Insurance Policies.
4. Appurtenant structures, unless covered by a separate policy.
ICC coverage contains exclusions in addition to
those highlighted here. See the policy for a list of exclusions.
To be eligible for claim payment under ICC, a
structure must:
a. Be a repetitive loss structure as defined, for which NFIP paid a previous qualifying claim, in addition to the current claim. The state or community must have a cumulative,
substantial damage provision or repetitive loss provision in its floodplain management law or ordinance being enforced against the
structure; OR
b. Be a structure that has sustained substantial flood damage. The state or community must have a substantial damage provision in
its floodplain management law or ordinance being enforced against the structure.
The ICC premium is not eligible for the deductible
discount. First calculate the deductible discount,
then add in the ICC premium for each policy year.
D. Reduction of Coverage Limits or Reformation
In the event that the premium payment received is not sufficient to purchase the amounts of
insurance requested, the policy shall be deemed to provide only such insurance as can be purchased for the entire term of the policy for the amount of premium received.
With two exceptions, where the discovery of insufficient premium or incomplete rating information is discovered after a loss, the complete provisions for reduction of coverage limits or reformation are described in:
Dwelling Form, section VII, paragraph G.
General Property Form, section VII, paragraph G.
Residential Condominium Building Association Policy (RCBAP), section VIII,
paragraph G.
GR 13 May 1, 2010
The property must be insured using the correct SFIP form in order for these two exceptions to apply.
The two exceptions are following and apply only when after a loss it is discovered that the premium is insufficient to provide the coverage
requested, or there is critical rating information missing that is necessary to properly rate the policy:
1. Any additional premium due will be
calculated prospectively from the date of discovery; and
2. The automatic reduction in policy limits is effective the date of discovery.
This will provide policyholders with the originally requested limits at the time of a claim arising before the date of discovery without paying any additional premium. Policyholders will have 30 days to pay the additional premium due, or 60 days to obtain additional information and then 30 days to pay the additional premium due, for the remainder of the policy term to restore the originally requested limits without a waiting period.
In addition, payment of the claim will not be delayed because of additional information needed to calculate the correct payment.
If a claim occurs after the notice requesting additional information or additional premium due
is sent to the policyholder, that claim cannot be processed with the originally requested amount
of coverage until the information, if required, and the premium are received by the company within the required time.
However, all claim payments will be based on the coverage provided in accordance with the
correct flood zone for the building location and not on the zone shown on the flood policy if it is in error.
For example, if a policy for a Post-FIRM, elevated building is written incorrectly in a non-
Special Flood Hazard Area, Zone X, and at the time of the loss the property is determined to be located in Zone AE, then the claim is paid in accordance with the coverage limitations applicable to Zone AE.
E. Loss Assessments
The SFIP provides limited coverage for loss assessments against condominium unit owners for flood damage to common areas of any building owned by the condominium association.
The RCBAP does not provide assessment
coverage. The Dwelling Form provides assessment coverage only under the
circumstances, and to the extents, described below.
1. No RCBAP
If the unit owner purchases building coverage under the Dwelling Form and there is no RCBAP, the Dwelling Form responds to a loss assessment against the unit owner for damages to common areas, up to the building coverage limit under the Dwelling Form.
If there is damage to building elements of the unit as well, the building coverage limit under the Dwelling Form may not be exceeded by the combined
settlement of unit building damages,
which would apply first, and the loss assessment.
2. RCBAP Insured to at Least 80 Percent of the Building Replacement Cost
If the unit owner purchases building coverage under the Dwelling Form and
there is an RCBAP insured to at least 80 percent of the building replacement cost at the time of loss, the loss assessment
coverage under the Dwelling Form will pay that part of a loss that exceeds 80 percent of the association’s building replacement cost.
The loss assessment coverage under the Dwelling Form will not cover the association’s policy deductible purchased by the condominium association.
If there is damage to building elements of the unit as well, the Dwelling Form pays to repair unit building elements after the RCBAP limits that apply to the
unit have been exhausted. The coverage combination cannot exceed the building coverage limit under the Dwelling Form.
3. RCBAP Insured to Less than 80 Percent of
the Building Replacement Cost
If the unit owner purchases building
coverage under the Dwelling Form and
there is an RCBAP insured to less than 80 percent of the building replacement
GR 14 May 1, 2010
cost at the time of loss, the loss assessment coverage cannot be used to
reimburse the association for its
coinsurance penalty.
The covered damages to the condominium
association building must be greater than 80 percent of the building
replacement cost at the time of loss before the loss assessment coverage becomes available under the Dwelling Form. Covered repairs to the unit, if applicable, would have priority over loss assessments.
For more information on this topic, see “D. Assessment Coverage” on page CONDO 7 and Section III. C. 3. of the Dwelling Form, “Condominium Loss Assessments,” on page POL 8.
F. Improvements and Betterments and Tenant’s Coverage
Under the Standard Flood Insurance Policy, coverage for improvements and betterments is provided for tenants who have purchased personal property coverage. The maximum amount payable for this coverage, which applies to fixtures, alterations, installations, or additions made or acquired solely at the tenant’s expense and comprising part of an insured building, is 10 percent of the personal property limit of liability shown on the Declarations Page. Use of improvements and betterments coverage reduces the amount of coverage available for
personal property.
A tenant may purchase higher limits of coverage for improvements and betterments under the building coverage if the lease agreement with the building owner:
Requires that the tenant purchase insurance
coverage for the tenant’s improvements and betterments that are made or acquired; and
States that the tenant is responsible for the repair of the building and/or improvements and betterments that become damaged.
Duplicate coverage is not permitted under the NFIP, so only one policy can be issued for
building coverage, and the amount of building coverage cannot exceed the maximum allowable under the Act. The policy may be issued either in the name of the building owner
or in the names of the building owner and the tenant.
X. SPECIAL RATING SITUATIONS
A. Tentative Rates
Tentative rates are applied when producers are
unable to provide all required underwriting
information necessary to rate the policy.
Tentatively rated policies cannot be endorsed to
increase coverage limits or renewed for another policy term until required actuarial rating
information and full premium payment are
received by the NFIP. If a loss occurs on a
tentatively rated policy, the loss payment will be limited by the amount of coverage that the premium initially submitted will purchase (using
the correct actuarial rating information), and not
the amount requested by application (see Tentative Rates on page RATE 21).
B. Submit-For-Rate
Some risks, because of their unique underwriting
characteristics, cannot be rated using this manual. Certain risks must be submitted to the NFIP Underwriting Unit to determine the
appropriate rate. Refer to page GR 10 for the applicable waiting period.
Submit-for-rate policies must be re-rated annually using the newest rates. If the NFIP Direct or WYO company does not have all the underwriting
information, it must request the missing information from the insured in order to properly rate the risk.
Pre-FIRM risks may not be rated using the
submit-for-rate process except for buildings with
subgrade crawlspaces as described on page RATE 25, paragraph G.
C. Provisional Rates
Rules applicable to provisionally rated policies are provided in the Provisional Rating section of this manual.
D. Buildings in More Than One Flood Zone
Buildings, not the land, located in more than one flood zone must be rated using the more
hazardous zone.
This condition applies even though the portion of the building located in the more hazardous zone may not be covered under the SFIP, such as a deck.
GR 15 May 1, 2010
E. Different Base Flood Elevations (BFEs) Reported
When the BFE shown on a Flood Zone Determination Company’s form is different than the BFE shown on the property owner’s Elevation Certificate, the BFE shown on the Elevation Certificate must be used to rate the policy.
F. Flood Zone Discrepancies
When presented with two different flood zones, use the more hazardous flood zone for rating unless the building qualifies for the grandfathering rule (see XIV.C. on page RATE 22).
XI. MISCELLANEOUS RULES
A. Policy Term
The policy term available is 1 year for both NFIP Direct business policies and policies written
through WYO Companies.
B. Application Submission
Flood insurance applications and presentment of
premium must be mailed promptly to the NFIP.
The date of receipt of premium for the NFIP insurer is determined by either the date received
at its offices or the date of certified mail. In the
context of submission of applications, endorsements, and premiums to the NFIP, the term “certified mail” has been broadened to
include not only the U.S. Postal Service but also
certain third-party delivery services. For details,
see the paragraph following VIII.B.2. on page GR 8.
Producers are encouraged to submit flood insurance applications by certified mail. Certified
mail ensures the earliest possible effective date if
the application and premium are received by the
NFIP insurer more than 10 days from the
application date. The date of certification becomes the date of receipt at the NFIP.
C. Delivery of the Policy
The producer is responsible for delivering the declarations page and the policy contract of a
new policy to the insured and, if appropriate, to
the lender. Renewal policy documentation is sent
directly to the insured.
D. Assignment
A property owner's flood insurance building policy may be assigned in writing to a purchaser of the
insured property upon transfer of title without the
written consent of the NFIP.
Policies on buildings in the course of construction
and policies insuring contents only may not be
assigned.
E. Producers' Commissions (Direct Business Only)
The earned commission may be paid only to
property or casualty insurance producers duly licensed by a state insurance regulatory authority.
It shall not be less than $10 and is computed for
both new and renewal policies as follows: Based on the Total Prepaid Amount (less the Federal Policy Fee) for the policy term, the commission
will be 15 percent of the first $2,000 of annualized
premium and 5 percent on the excess of $2,000.
Calculated commissions for mid-term endorsements and cancellation transactions will be based upon the same commission percentage that was paid at the policy term's inception.
Commissions for all Scheduled Building Policies are computed as though each building and contents policy was separately written.
For calculation of commission on an RCBAP, see the CONDO section.
F. Contract Agent Rule
A “Contract Agent” is an employee of a WYO Company, or an agent under written contract with
WYO Company, empowered to act on the
company’s behalf and with authority to advise an
applicant for flood insurance that the company will accept the risk. The effective date for a policy written through a Contract Agent has a waiting period that begins on the agent’s or employee’s receipt of the premium and completion of the
application.
An agent under written contract to a WYO Company is not a Contract Agent if the WYO Company reserves the right to reject the risk. The effective date for a policy not written through a Contract Agent has a waiting period that begins on the WYO Company’s receipt of the premium and completed application.
To establish a Contract Agent relationship acceptable to the NFIP, the WYO Company must include the stipulations above in its written contract with the agent or employee.

APP 7 May 1, 2010
Coverage
Check desired coverage against the “Amount of Insurance Available” table on page RATE 1. Then enter the limits.
Rating
Enter the rates. Add additional charges/ credits, i.e., deductible reduction/increase, ICC Premium, CRS Premium Discount, Probation Surcharge (if any), and Federal Policy Fee. Calculate the Total Prepaid Amount.
Rate Type
Select rate type. Note that a new rate type, Leased Federal Property (LFP), has been added. (For more information on Leased Federal Property, see LFP Section.)
Community Rating System
Effective May 1, 2008, the Community Rating System (CRS) discount is not available on NFIP policies for Post-FIRM structures located in a Special Flood Hazard Area (SFHA) where the lowest floor elevation used for rating is at least 1 foot or more below the Base Flood Elevation (BFE), with the exception of (1) Post-FIRM V-Zone buildings with unfinished breakaway wall enclosures and machinery or equipment at or above the BFE, and (2) subgrade crawlspaces with certification.
The subgrade crawlspace exception must be certified by a community official letter containing the following statement:
"I certify that the building located at
[address] has a crawlspace that was built in compliance with the NFIP requirements for crawlspace construction as outlined in FEMA Technical Bulletin 11-01, „Crawlspace Construction for Buildings Located in Special Flood Hazard Areas.”
P. Signature
The producer must sign the Application and is responsible for the completeness and accuracy of the information provided on it. Enter the date of application (month/day/year). The waiting period is added to this date to determine the policy effective date of the policy listed in the Policy Term section. A check or money order for the Total Prepaid Amount, payable to the NFIP, must accompany the application.
Electronic transactions are permitted if the business process includes authentication of signatures and dates of receipt of premium. WYO companies are responsible for determining the business practices and transaction authentication methods they will use to ensure the security and integrity of such transactions. A credit card payment by VISA, MasterCard, or American Express will also be acceptable if a disclaimer form, signed by the insured, is submitted with the Flood Insurance Application. The disclaimer will state that cancellation of a policy due to a billing dispute will be permitted only for a billing error or fraud. If the credit card information is taken over the telephone by the producer, the producer may sign the authorization form on behalf of the payor only after having read the disclaimer to the payor.
V. COMPLETING PART 2 OF THE FLOOD INSURANCE APPLICATION FORM
After completing Part 1 of the Flood Insurance Application, the producer must complete all relevant items in Part 2 of the Application for all buildings.
Part 2 of the Application collects information about risk factors affecting the building, occupancy information, and elevation data relative to the ground level. A completed Elevation Certificate must be attached to the Application before sending it to the NFIP.
To complete Part 2 of the Application, the producer must:
Obtain all necessary information from the applicant. Then select the building diagram that best illustrates the applicant's building. These diagrams are shown in the Elevation Certificate and Instructions, which are reproduced in the Special Certifications section of this manual.
Transcribe the information from the applicant and Elevation Certificate onto Part 2 of the Application. For renewal applica-tions, enter the policy number in the space at the top of the form. Be sure to have the applicant or the applicant's representative sign and date the bottom of the form.
The applicant or the applicant's representative must complete all numbered sections of the form, check all appropriate boxes, provide all
APP 8 May 1, 2010
information, and respond to all YES/NO questions that are applicable to the building. (For example, Section II should be completed only for Elevated Buildings.)
SECTION I—ALL BUILDING TYPES
1. The number of the building diagram selected is entered here. Use the diagrams shown at the end of the Elevation Certificate and Instructions.
2.-4.The agent may obtain the requested elevation information from Section C of the Elevation Certificate, or the applicant or the applicant?s representative may provide this information. If the applicant or the applicant?s representative furnishes these measurements, they must be taken with a ruler or tape measure. All measurements are rounded to the nearest foot using the ground (grade) immediately next to the building.
NOTE: The terms "grade" and "ground" are used interchangeably. The intent is that man-made alterations of the grade, such as a declining driveway into a building or a dugout entrance to a basement, do not represent ground level.
5. If "OTHER" is checked in Question 5b, a brief description of the source must be provided.
6. If the answer to Question 6a is NO, Question 6b should be disregarded.
7. If the answer to Question 7a is NO, Questions 7b, 7c, 7d, and 7e should be ignored.
SECTION II—ELEVATED BUILDINGS
If the building is a manufactured (mobile) home/travel trailer that has been elevated, complete this section in addition to Sections I and III.
8. Check the type of foundation used for the building.
9. If YES is checked, check the appropriate item(s).
10. Refer to page LFG 1 to verify that the area below the elevated floor satisfies the definition of an enclosed area.
If Question 10a is NO, do not answer Questions 10b through 10f.
In Question 10b, enter the size of the area in square feet.
If Question 10c is YES, check the single most appropriate of boxes 1-4.
In Question 10d, check YES if the area is constructed with openings (excluding doors), within 1 foot of adjacent grade, to allow the passage of flood waters. Enter the number of openings and their total area in square inches.
If Question 10e is YES, provide a description.
In Question 10f, check YES if the enclosed area/garage has more than 20 linear feet of finished wall, paneling, etc; otherwise, check NO.
SECTION III—MANUFACTURED (MOBILE)
HOMES/TRAVEL TRAILERS
11. Fill in the make, year of manufacture, model number, and serial number.
12. Enter the dimensions, excluding any permanent addition or extension to the manufactured (mobile) home or travel trailer.
13. Check YES if permanent additions or extensions are present; otherwise, check NO. If YES, enter dimensions.
14. If OTHER is checked, describe the anchoring system.
15. Check the appropriate box for how the manufactured (mobile) home was installed.
16. Check YES if the manufactured (mobile) home is located in a manufactured (mobile) home park or subdivision; otherwise, check NO.
VI. MAILING INSTRUCTIONS
After completing all sections on the Application, attach all required certifications or other documents to the applicant's check, draft, or money order, payable to the NFIP for the Total Prepaid Amount.
A credit card payment by VISA, MasterCard, or American Express will also be acceptable if a
APP 9 May 1, 2010
disclaimer form, signed by the insured, is submitted with the Flood Insurance Application. The disclaimer will state that cancellation of a policy due to a billing dispute will be permitted only for a billing error or fraud. If the credit card information is taken over the telephone by the producer, the producer may sign the authorization form on behalf of the payor only after having read the disclaimer to the payor.
Mail the original copy of the Application with the Total Prepaid Amount to the NFIP. Distribute copies of the Application to the agency file, the applicant, and the mortgagee. A copy of the Application and a copy of the premium payment are sufficient to satisfy the mortgagee's proof-of-purchase requirements.
After receipt of the Application and total prepaid amount, the NFIP will process the Application and issue the policy. The policy contract and declarations page will be mailed to the insured. Copies of the declaration page will be mailed to the producer and mortgagee(s).
VII. HANDLING OF INCOMPLETE OR INCORRECT APPLICATIONS
If an Application is not complete, or if the information presented on the Application is not correct, the Application will not be processed but will be placed in a pending file until the completed or corrected information is provided by the producer. For the NFIP direct business, if the missing information is not provided, a policy will be issued using Tentative Rates. If insufficient information is available to tentatively rate the policy, the flood insurance will be rejected and the premium remittance refunded. For NFIP direct business, in the case of incom-plete applications, the NFIP Servicing Agent will send the producer a transmittal document and a letter requesting the incomplete or missing information. Copies of this letter will be provided to the named insured and mortgagee(s). The producer should provide the additional or corrected information to the NFIP Servicing Agent along with the transmittal document.
Since coverage cannot be conferred in excess of the coverage that can be purchased for the amount presented (received by the NFIP), it is important that underpayment errors be corrected immediately. In the case of an underpayment, when both building and contents coverage have been requested, the coverage reduction will be prorated between building and contents in accordance with NFIP rules. The ratio of building to contents coverage for the full requested coverage will be used to determine the portion of the submitted premium available to purchase building and contents coverage.
APP 10 October 1, 2009
This page intentionally left blank.
APP 11 October 1, 2009
APP 12 May 1, 2010
RATE 1 October 1, 2009
RATING
This section contains information, including rate
tables, required to accurately rate a flood
insurance policy. Information and rates for the
Preferred Risk Policy (PRP) and Residential Condominium Building Association Policy (RCBAP) are found in their respective sections.
The detailed drawings, and accompanying text
and tables, in the Lowest Floor Guide section are to be used as a guide for identifying the
lowest floor for rating buildings. This guide will assist in developing the proper rate for the
building.
I. AMOUNT OF INSURANCE AVAILABLE
Examples of some rating situations are shown
on pages RATE 49 through RATE 63.
A premium table for single family Pre-FIRM buildings located in Special Flood Hazard Areas
(SFHAs) is located on page RATE 11. These
premiums were calculated using Rate Table 2.
This premium table is included in this manual to help the agent more easily quote premiums for
buildings that do not require elevation certification.
BUILDING COVERAGE
Single Family Dwelling
2-4 Family Dwelling
Other Residential Non-Residential
EMERGENCY PROGRAM
REGULAR PROGRAM
Basic Additional Total
Insurance Insurance Insurance
Limits Limits Limits
$ 35,000 *
$ 35,000 *
$100,000**
$100,000**
$ 60,000 $190,000 $250,000
$ 60,000 $190,000 $250,000
$175,000 $ 75,000 $250,000
$175,000 $325,000 $500,000
CONTENTS COVERAGE
Residential
Non-Residential
$ 10,000
$100,000
$ 25,000 $ 75,000 $100,000
$150,000 $350,000 $500,000
* In Alaska, Guam, Hawaii, and U.S. Virgin Islands, the amount available is $50,000.
** In Alaska, Guam, Hawaii, and U.S. Virgin Islands, the amount available is $150,000.
NOTE: For RCBAP, refer to CONDO Section for basic insurance limits and maximum
coverage available.
II. RATE TABLES
Rate tables are provided for the Emergency Program and for the Regular Program according to Pre-FIRM, Post-FIRM, and zone classifications. Tables 1-5 show annual rates per $100 of coverage. Table 6 provides precalculated Pre-FIRM premiums for various coverage limits. See Table 7 for Federal Policy Fee and Probation Surcharge.
TABLE 1. EMERGENCY PROGRAM RATES ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional)
Building Contents
Residential .76 .96
Non-Residential .83 1.62
RATE 2 May 1, 2010
OCCUPANCY Single Family 2-4 Family Other Residential Non-Residential
Building Contents Building Contents Building Contents Building Contents
BUILDING
TYPE
No Basement/Enclosure .76 / .56 .96 / 1.03 .76 / .56 .76 / 1.18 .83 / 1.13
With Basement .81 / .83 .96 / .86 .81 / .83 .76 / .98 .88 / 1.11
With Enclosure .81 / 1.01 .96 / 1.03 .81 / 1.01 .81 / 1.24 .88 / 1.39
Elevated on Crawlspace .76 / .56 .96 / 1.03 .76 / .56 .76 / 1.18 .83 / 1.13
Non-Elevatedwith
Subgrade Crawlspace .76 / .56 .96 / .86 .76 / .56 .76 / 1.18 .83 / 1.13
Manufactured (Mobile) Home3 .76 / .56 .96 / 1.03 .83 / 1.13
CONTENTS LOCATION
Basement & Above4 .96 / .86 .96 / .86 1.62 / 1.92
Enclosure & Above5 .96 / 1.03 .96 / 1.03 1.62 / 2.30
Lowest Floor Only - Above
Ground Level
.96 / 1.03 .96 / 1.03 1.62 / 1.01
Lowest Floor Above Ground
Level and Higher Floors
.96 / .71 .96 / .71 1.62 / .86
Above Ground Level - More than One Full Floor
.35 / .13 .35 / .13 .24 / .13
Manufactured (Mobile) Home3 1.62 / 1.01
OCCUPANCY Single Family 2-4 Family Other Residential Non-Residential
Building Contents Building Contents Building Contents Building Contents
BUILDING
TYPE
No Basement/Enclosure .99 / 1.47 1.23 / 2.54 .99 / 1.47 .99 / 2.72 1.10 / 2.82
With Basement 1.06 / 2.20 1.23 / 2.14 1.06 / 2.20 1.06 / 4.07 1.16 / 4.21
With Enclosure 1.06 / 2.60 1.23 / 2.53 1.06 / 2.60 1.06 / 4.55 1.16 / 4.70
Elevated on Crawlspace .99 / 1.47 1.23 / 2.54 .99 / 1.47 .99 / 2.72 1.10 / 2.82
Non-Elevatedwith
Subgrade Crawlspace .99 / 1.47 1.23 / 2.14 .99 / 1.47 .99 / 2.72 1.10 / 2.82
Manufactured (Mobile) Home3 .99 / 6.08 1.23 / 2.53 1.10 / 10.44
CONTENTS LOCATION
Basement & Above4 1.23 / 2.14 1.23 / 2.14 2.14 / 5.00
Enclosure & Above5 1.23 / 2.53 1.23 / 2.53 2.14 / 5.39
Lowest Floor Only - Above
Ground Level 1.23 / 2.53 1.23 / 2.53 2.14 / 4.52
Lowest Floor Above Ground
Level and Higher Floors 1.23 / 2.23 1.23 / 2.23 2.14 / 3.90
Above Ground Level - More than One Full Floor .47 / .32 .47 / .32 .45 / .43
Manufactured (Mobile) Home3 2.14 / 9.80
OCCUPANCY Single Family 2-4 Family Other Residential Non-Residential
Building Content
s
Building Contents Building Contents Building Contents
BUILDING
TYPE
No Basement/Enclosure .78 / .21 1.20 /
.37
.78 / .21 .74 / .21 .74 / .21
With Basement .89 / .30 1.36 /
.43
.89 / .30 .95 / .30 .95 / .30
With Enclosure .89 / .34 1.36 /
.49
.89 / .34 .95 / .34 .95 / .34
Elevated on Crawlspace .78 / .21 1.20 /
.37
.78 / .21 .74 / .21 .74 / .21
Non-Elevated with
Subgrade Crawlspace .78 / .21 1.20 /
.37
.78 / .21 .74 / .21 .74 / .21
Manufactured (Mobile) Home3 .78 / .38 1.20 /
.37
.95 / .39
CONTENTS LOCATION
Basement & Above4 1.53 / .56 1.53 / .56 1.58 / .61
Enclosure & Above5 1.53 / .65 1.53 / .65 1.58 / .73
Lowest Floor Only - Above
Ground Level 1.20 / .59 1.20 / .59 .97/ .43
Lowest Floor Above Ground
Level and Higher Floors 1.20 / .37 1.20 / .37 .97 / .31
Above Ground Level - More than One Full Floor .35 / .12 .35 / .12 .22 / .12
Manufactured (Mobile) Home3 .85 / .53
TABLE 2. REGULAR PROGRAM -- PRE-FIRM CONSTRUCTION RATES1, 2
ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional)
FIRM ZONES A, AE, A1-A30, AO, AH, D
FIRM ZONES V, VE, V1-V30
FIRM ZONES A99, B, C, X
1 Start of construction or substantial improvement on or before 12/31/74, or before the effective date of the initial Flood InsuranceRate
Map (FIRM). If FIRM Zone is unknown, use rates for Zones A, AE, A1-A30, AO, AH, D.
2 Pre-FIRMbuildings with subgrade crawlspaces that are below the Base Flood Elevation (BFE) may use optional Post-FIRMelevation rating. Follow the procedures from the Specific Rating Guidelines for policy processing.
3 The definition of Manufactured (Mobile) Home includes travel trailers. See page APP 3.
4 Includes subgrade crawlspace.
5 Includes crawlspace.
RATE 3 October 1, 2009
OCCUPANCY Single Family 2-4 Family Other Residential Non-Residential
Building Contents Building Contents Building Contents Building Contents
BUILDING
TYPE
No Basement/Enclosure .78 / .21 1.20 / .37 .78 / .21 .74 / .21 .74 / .21
With Basement .89 / .30 1.36 / .43 .89 / .30 .95 / .30 .95 / .30
With Enclosure .89 / .34 1.36 / .49 .89 / .34 .95 / .34 .95 / .34
Elevated on Crawlspace .78 / .21 1.20 / .37 .78 / .21 .74 / .21 .74 / .21
Non-Elevatedwith
Subgrade Crawlspace
.78 / .21 1.20 / .37 .78 / .21 .74 / .21 .74 / .21
Manufactured (Mobile) Home1
.78 / .38 1.20 / .37 .95 / .39
CONTENTS LOCATION
Basement & Above5
1.53 / .56 1.53 / .56 1.58 / .61
Enclosure & Above6
1.53 / .65 1.53 / .65 1.58 / .73
Lowest Floor Only - Above
Ground Level
1.20 / .59 1.20 / .59 .97 / .43
Lowest Floor Above Ground
Level and Higher Floors
1.20 / .37 1.20 / .37 .97 / .31
Above Ground Level - More
than One Full Floor
.35 / .12 .35 / .12 .22 / .12
Manufactured (Mobile) Home1
.85 / .53
OCCUPANCY Single Family 2-4 Family Other Residential Non-Residential
Building Contents Building Contents Building Contents Building Contents
BUILDING
TYPE
No Basement/Enclosure 1.11 / .38 1.11 / .69 1.11 / .38 1.20 / .69 1.20 / .69
With Basement *** *** *** *** ***
With Enclosure *** *** *** *** ***
Elevated on Crawlspace 1.11 / .38 1.11 / .69 1.11 / .38 1.20 / .69 1.20 / .69
Non-Elevatedwith
Subgrade Crawlspace
1.11 / .38 1.11 / .69 1.11 / .38 1.20 / .69 1.20 / .69
Manufactured (Mobile) Home1
1.45 / .75 1.31 / .80 2.49 / .93
CONTENTS LOCATION
Basement & Above5
*** *** ***
Enclosure & Above6
*** *** ***
Lowest Floor Only - Above
Ground Level
1.11 / .69 1.11 / .69 1.95 / .62
Lowest Floor Above Ground
Level and Higher Floors
1.11 / .47 1.11 / .47 1.95 / .59
Above Ground Level - More than One Full Floor
.35 / .12 .35 / .12 .24 / .12
Manufactured (Mobile) Home1
1.95 / .62
TABLE 3A. REGULAR PROGRAM -- POST-FIRM CONSTRUCTION RATES
ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional)
FIRM ZONES A99, B, C, X
FIRM ZONE D
FIRM ZONES AO, AH (No Basement/Enclosure/Crawlspace/Subgrade Crawlspace Buildings Only)2
Building Contents
OCCUPANCY
1-4 Family Other Res
& Non-Res
Residential Non-
Residential
With Certification of Compliance3 .28 / .08 .23 / .08 .37 / .13 .23 / .13
Without Certification of Compliance or Elevation Certificate4 .93 / .21 1.01 / .36 1.17 / .24 1.97 / .31
1 The definition of Manufactured (Mobile) Home includes travel trailers. See page APP 3.
2 Zones AO, AH Buildings With Basement/Enclosure/Crawlspace/Subgrade Crawlspace: Submit for Rating
3 ?With Certification of Compliance? rates are to be used when the Elevation Certificate shows that the lowest floor is equal to or greater
than the community's elevation requirement.
4 ?Without Certification of Compliance? rates are to be used only on Post-FIRM structures without an Elevation
Certificate or when the Elevation Certificate shows that the lowest floor elevation of a Post-FIRM structure is less than the community‘s
elevation requirement.
5 Includes subgrade crawlspace.
6 Includes crawlspace.
***SUBMIT FOR RATING
RATE 4 May 1, 2010
TABLE 3B. REGULAR PROGRAM -- POST-FIRM CONSTRUCTION RATES
ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional)
FIRM ZONES AE, A1-A30 -- BUILDING RATES
Elevation of
Lowest Floor
Above or
Below BFE1
One Floor
No Basement/Enclosure/
Crawlspace4
More than One Floor
No Basement/Enclosure/
Crawlspace4
More than One Floor
With Basement/
Enclosure/Crawlspace4
Manufactured
2 (Mobile) Home
1-4 Family Other
Residential
& Non-
Residential
1-4 Family Other
Residential
& Non-
Residential
1-4 Family Other
Residential
& Non-
Residential
Single
Family
Non-
Residential
+4 .24 / .08 .20 / .08 .24 / .08 .20 / .08 .24/ .08 .20 / .08 .24 / .08 .20 / .08
+3 .24 / .08 .20 / .08 .24 / .08 .20 / .08 .24 / .08 .20 / .08 .25 / .08 .22 / .08
+2 .38 / .08 .25 / .08 .25 / .08 .20 / .08 .25 / .08 .20 / .08 .43 / .08 .34 / .08
+1 .68 / .09 .45 / .10 .46 / .08 .28 / .08 .30 / .08 .25 / .08 .88 / .09 .72 / .08
0 1.42 / .11 1.31 / .12 1.03 / .10 .79 / .15 .73 / .09 .59 / .16 2.25 / .11 1.83 / .09
-13 3.79 / 1.39 5.38 / 1.35 3.33 / 1.21 3.64 / .62 1.89 / .67 1.74 / .70 *** ***
-2 *** *** *** *** *** *** *** ***
FIRM ZONES AE, A1-A30 -- CONTENTS RATES
Elevation of
Lowest Floor
Above or
Below BFE1
Lowest Floor Only –
Above Ground Level
(No Basement/Enclosure/
Crawlspace4)
Lowest Floor
Above Ground Level
& Higher Floors
(No Basement/Enclosure/
Crawlspace4)
More than One Floor
With Basement/Enclosure/
Crawlspace4
Manufactured
(Mobile) Home2
Residential Non-
Residential
Residential Non-
Residential
Residential Non-
Residential
Single
Family
Non-
Residential
+4 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12
+3 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12
+2 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .31 / .14
+1 .52 / .12 .32 / .18 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .55 / .14 .49 / .19
0 1.24 / .12 .78 / .39 .69 / .12 .53 / .24 .41 / .12 .32 / .12 1.14 / .15 1.13 / .19
-13 3.74 / .75 2.41 / 1.10 2.11 / .58 1.61 / .70 .60 / .14 1.06 / .14 *** ***
-2 *** *** *** *** *** *** *** ***
FIRM ZONES AE, A1-A30 -- CONTENTS RATES
Elevation of
Lowest Floor
Above or
Below BFE1
Above Ground Level
More than One Full Floor
Single Family 2-4 Family Other Residential Non-Residential
+4 .35 / .12 .35 / .12 .22 / .12
+3 .35 / .12 .35 / .12 .22 / .12
+2 .35 / .12 .35 / .12 .22 / .12
+1 .35 / .12 .35 / .12 .22 / .12
0 .35 / .12 .35 / .12 .22 / .12
-1 .35 / .12 .35 / .12 .22 / .12
-2 .35 / .12 .37 / .12 .24 / .12
1
If Lowest Floor is –1 because of attached garage, submit application for special consideration. Rate may be lower.
2
The definition of Manufactured (Mobile) Home includes travel trailers. See page APP 3.
3
Use Submit-for-Rate guidelines if either the enclosure below the lowest elevated floor of an elevated building or the
crawlspace (under-floor space) that has its interior floor within 2 feet below grade on all sides, which is used for rating, is 1 or
more feet below BFE.
4 Includes subgrade crawlspace.
*** SUBMIT FOR RATING
RATE 5 October 1, 2009
TABLE 3C. REGULAR PROGRAM -- POST-FIRM CONSTRUCTION RATES
ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional)
UNNUMBERED ZONE A -- WITHOUT
BASEMENT/ENCLOSURE/CRAWLSPACE1,6
Elevation
Difference to nearest foot
BUILDING RATES CONTENTS RATES
TYPE OF ELEVATION
CERTIFICATE
Occupancy Occupancy
1-4 Family Other & Non-
Residential
Residential2 Non-
Residential2
+5 or more .35 / .10 .47 / .15 .61 / .12 .64 / .12
NO ESTIMATED
BASE FLOOD ELEVATION3
+2 to +4 1.08 / .13 .99 / .20 .86 / .17 .97 / .23
+1 2.07 / .63 2.23 / .74 1.52 / .56 1.45 / .71
0 or below *** *** *** ***
+2 or more .40 / .08 .33 / .09 .50 / .12 .48 / .12
WITH THE ESTIMATED
BASE FLOOD ELEVATION4
0 to +1 1.05 / .12 .90 / .18 .84 / .16 .83 / .21
-1 3.45 / 1.29 4.37 / 1.01 2.68 / .69 2.18 / 1.01
-2 or below *** *** *** ***
No Elevation
Certificate5 4.02 / 1.41 5.45 / 1.68 3.33 / .99 3.21 / 1.34 No Elevation Certificate
1 Zone A building with basement/enclosure/crawlspace/subgrade crawlspace – Submit for Rating.
2 For elevation rated risks other than Single Family, when contents are located one floor or more above lowest floor
used for rating – use .35 /.12.
3 Elevation difference is the measured distance between the highest adjacent grade next to the building
and the lowest floor of the building.
4 Elevation difference is the measured distance between the estimated BFE provided by the community
or registered professional engineer, surveyor, or architect and the lowest floor of the building.
5 For building without basement, enclosure, or crawlspace, Elevation Certificate is optional.
6 Pre-FIRM buildings with basement/enclosure/crawlspace/subgrade crawlspace may use this table if the rates are more favorable to the insured.
*** SUBMIT FOR RATING
RATE 6 May 1, 2010
Elevation of
Lowest Floor
Above or
Below BFE
One Floor, No
Basement/Encl/
Crawlspace5
More than One Floor,
No Basement/Encl/
Crawlspace5
More than One Floor,
With Basement/Encl/
Crawlspace5
Manufactured (Mobile)
Home2
1-4 Family Other
Residential & Non-
Residential
1-4 Family Other
Residential
& Non-
Residential
1-4 Family Other
Residential
& Non-
Residential
Single
Family
Non-
Residential
03 2.54 / .46 3.08 / 1.20 2.06 / .46 2.23 / 1.12 1.78 / .46 1.99 / .91 3.82 / .38 5.46 / .34
-14 5.44 / 2.79 8.12 / 4.48 4.98 / 2.79 6.99 / 3.41 3.53 / 2.53 3.70 / 3.46 *** ***
-2 *** *** *** *** *** *** *** ***
TABLE 3D. REGULAR PROGRAM – POST-FIRM CONSTRUCTION RATES
ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional)
FIRM ZONES '75-81, V1-V30, VE – BUILDING RATES1
FIRM ZONES '75-81, V1-V30, VE – CONTENTS RATES
Elevation of
Lowest Floor
Above or
Below BFE
Lowest Floor Only --
Above Ground Level
(No Basement/Encl/
Crawlspace5)
Lowest Floor
Above Ground Level
& Higher Floors (No
Basement/Encl/
Crawlspace5)
More than One Floor
With Basement/Enclosure/
Crawlspace5
Manufactured (Mobile)
Home2
Residential Non-
Residential
Residential Non-
Residential
Residential Non-
Residential
Single
Family
Non-
Residential
03 3.96 / .55 3.50 / 2.56 2.57 / .61 2.44 / 1.53 1.45 / .55 1.45 / .55 3.81 / .61 3.97 / 3.27
-14 8.68 / 4.22 8.52 / 7.43 5.12 / 3.27 5.84 / 4.63 1.71 / .55 5.21 / .55 *** ***
-2 *** *** *** *** *** *** *** ***
FIRM ZONES '75-81, V1-V30, VE – CONTENTS RATES
Elevation of
Lowest Floor
Above or
Below BFE
Above Ground Level
More than One Full Floor
Single Family 2-4 Family Other Residential Non-Residential
03 .56 / .25 .56 / .25 .42 / .25
-14 .56 / .25 .56 / .25 .42 / .25
-2 .56 / .25 .56 / .25 .46 / .25
1 Policies for 1975 through 1981 Post-FIRM and Pre-FIRM buildings in Zones VE and V1-V30 will be allowed to use
the Post-‘81 V Zone rate table if the rates are more favorable to the insured. See instructions on page RATE 23 for
V Zone Optional Rating.
2 The definition of Manufactured (Mobile) Home includes travel trailers. See page APP 3.
3 These rates are to be used if the lowest floor of the building is at or above BFE.
4 Use Submit-for-Rate guidelines if the enclosure below the lowest elevated floor of an elevated building, which is used for
rating, is 1 or more feet below BFE.
5 Includes subgrade crawlspace.
***SUBMIT FOR RATING
FIRM ZONES '75-'81, UNNUMBERED V ZONE
SUBMIT FOR RATING
RATE 7 May 1, 2010
TABLE 3E. REGULAR PROGRAM -- POST-FIRM CONSTRUCTION RATES
ANNUAL RATES PER $100 OF COVERAGE
1981 POST-FIRM V1-V30, VE ZONE RATES1
Elevation of the
lowest floor
above or below
BFE adjusted for
wave height2
Elevated Buildings Free of Obstruction3
Contents Building
Residential Non-Residential
Replacement Cost
Ratio .75 or More
4
Replacement Cost
Ratio .50 to .74
4
Replacement Cost
Ratio Under .50
4
+4 or more .41 .41 .66 .88 1.34
+3 .41 .41 .80 1.08 1.62
+2 .59 .63 1.03 1.38 2.07
+1 1.08 1.16 1.58 2.11 2.95
0 1.66 1.78 2.03 2.72 3.82
-1 2.40 2.47 2.69 3.55 4.62
-2 3.33 3.51 3.54 4.64 5.92
-3 4.57 4.85 4.56 6.10 7.73
-4 or below *** *** *** *** ***
1 Policies for 1975 through 1981 Post-FIRM and Pre-FIRM buildings in Zones VE and V1-V30 will be allowed to use
the Post-‘81 V Zone rate table if the rates are more favorable to the insured. See instructions on page RATE 23
for V Zone Optional Rating.
2 Wave height adjustment is not required in those cases where the Flood Insurance Rate Map indicates that the map
includes wave height.
3 Free of Obstruction – The space below the lowest elevated floor must be completely free of obstructions or any
attachment to the building, or may have:
(1) Insect screening, provided that no additional supports are required for the screening; or
(2) Wooden or plastic lattice with at least 40 percent of its area open and made of material no thicker than ½ inch; or
(3) Wooden or plastic slats or shutters with at least 40 percent of their area open and made of material no
thicker than 1 inch.
Any of these systems must be designed and installed to collapse under stress without jeopardizing the structural support
of the building, so that the impact on the building of abnormally high tides or wind-driven water is minimized.
Any machinery or equipment below the lowest elevated floor must be at or above the BFE. See page RATE 20 for more details.
4 These percentages represent building replacement cost ratios, which are determined by dividing the amount of building
coverage being purchased by the replacement cost. See pages RATE 20-21 for more details.
*** SUBMIT FOR RATING
1981 POST-FIRM V1-V30, VE ZONE Non-Elevated Buildings
SUBMIT FOR RATING
1981 POST-FIRM UNNUMBERED V ZONE
SUBMIT FOR RATING
RATE 8 May 1, 2010
TABLE 3F. REGULAR PROGRAM -- POST-FIRM CONSTRUCTION RATES
ANNUAL RATES PER $100 OF COVERAGE
1981 POST-FIRM V1-V30, VE ZONE RATES1,2
Elevation of the
lowest floor
above or below
BFE adjusted for
wave height3
Elevated BuildingsWith Obstruction6
Contents Building
Residential Non-Residential
Replacement Cost
Ratio .75 or More5
Replacement Cost
Ratio .50 to .745
Replacement Cost
Ratio Under .505
+4 or more .53 .53 1.46 1.95 2.90
+3 .54 .54 1.63 2.15 3.28
+2 .70 .70 1.91 2.49 3.81
+1 1.25 1.33 2.34 3.14 4.55
0 1.79 1.88 2.76 3.78 5.13
-16 2.47 2.61 3.29 4.37 5.88
-26 3.43 3.66 4.09 5.38 6.99
-36 4.68 4.98 5.27 6.86 8.82
-4 or below6 *** *** *** *** ***
1 Policies for 1975 through 1981 Post-FIRM and Pre-FIRM buildings in Zones VE and V1-V30 will be allowed to use
the Post-‘81 V Zone rate table if the rates are more favorable to the insured. See instructions on page RATE 23 for V Zone Optional Rating.
2 Rates provided are only for elevated buildings, except those elevated on solid perimeter foundation walls. For
buildings elevated on solid perimeter foundation walls, and for non-elevated buildings, use the Specific Rating
Guidelines document.
3 Wave height adjustment is not required in those cases where the Flood Insurance Rate Map indicates that the map includes wave height.
4 With Obstruction –The space below has an area of less than 300 square feet with breakaway solid walls or
contains equipment below the BFE. If the space below has an area of 300 square feet or more, or if any
portion of the space below the elevated floor is enclosed with non-breakaway walls, submit for rating. If the enclosure is at or above the BFE, use the ?Free of Obstruction? rate table on the preceding page. The elevation of the bottom enclosure floor is the lowest floor for rating (LFE). See page RATE 20 for more details.
5 These percentages represent building replacement cost ratios, which are determined by dividing the amount
of building coverage being purchased by the replacement cost. See pages RATE 20-21 for more details.
6 For buildings with obstruction, use Submit-for-Rate guidelines if the enclosure below the lowest elevated floor
of an elevated building, which is used for rating, is 1 or more feet below BFE.
*** SUBMIT FOR RATING
1981 POST-FIRM UNNUMBERED V ZONE
SUBMIT FOR RATING
RATE 9 October 1, 2009
TABLE 4. REGULAR PROGRAM – FIRM ZONE AR AND AR DUAL ZONES RATES
ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional)
PRE-FIRM NOT ELEVATION-RATED RATES1, 2
OCCUPANCY Single Family 2-4 Family Other Residential Non-Residential
Building Contents Building Contents Building Contents Building Contents
BUILDING
TYPE
No Basement/Enclosure .78 / .21 1.20 / .37 .78 / .21 .74 / .21 .74 / .21
With Basement .89 / .30 1.36 / .43 .89 / .30 .95 / .30 .95 / .30
With Enclosure .89 / .34 1.36 / .49 .89 / .34 .95 / .34 .95 / .34
Elevated on Crawlspace .78 / .21 1.20 / .37 .78 / .21 .74 / .21 .74 / .21
Non-Elevatedwith
Subgrade Crawlspace
.78 / .21 1.20 / .37 .78 / .21 .74 / .21 .74 / .21
Manufactured (Mobile) Home3 .78 / .38 1.20 / .37 .95 / .39
CONTENTS LOCATION
Basement & Above 1.53 / .56 1.53 / .56 1.58 / .61
Enclosure & Above 1.53 / .65 1.53 / .65 1.58 / .73
Lowest Floor Only - Above
Ground Level
1.20 / .59 1.20 / .59 .97 / .43
Lowest Floor Above Ground
Level and Higher Floors
1.20 / .37 1.20 / .37 .97 / .31
Above Ground Level - More than One Full Floor
.35 / .12 .35 / .12 .22 / .12
Manufactured (Mobile) Home3 .85 / .53
1 Start of construction or substantial improvement on or before 12/31/74, or before the effective date of the initial Flood InsuranceRate
Map (FIRM).
2 Base Deductible is $2,000.
3 The definition of Manufactured (Mobile) Home includes travel trailers. See Page APP 3.
POST-FIRM NOT ELEVATION-RATED RATES1
OCCUPANCY Single Family 2-4 Family Other Residential Non-Residential
Building Contents Building Contents Building Contents Building Contents
BUILDING
TYPE
No Basement/Enclosure .78 / .21 1.20 / .37 .78 / .21 .74 / .21 .74 / .21
With Basement .89 / .30 1.36 / .43 .89 / .30 .95 / .30 .95 / .30
With Enclosure .89 / .34 1.36 / .49 .89 / .34 .95 / .34 .95 / .34
Elevated on Crawlspace .78 / .21 1.20 / .37 .78 / .21 .74 / .21 .74 / .21
Non-Elevatedwith
Subgrade Crawlspace
.78 / .21 1.20 / .37 .78 / .21 .74 / .21 .74 / .21
Manufactured (Mobile) Home2 .78 / .38 1.20 / .37 .95 / .39
CONTENTS LOCATION
Basement & Above 1.53 / .56 1.53 / .56 1.58 / .61
Enclosure & Above 1.53 / .65 1.53 / .65 1.58 / .73
Lowest Floor Only - Above
Ground Level
1.20 / .59 1.20 / .59 .97 / .43
Lowest Floor Above Ground
Level and Higher Floors
1.20 / .37 1.20 / .37 .97 / .31
Above Ground Level - More than One Full Floor
.35 / .12 .35 / .12 .22 / .12
Manufactured (Mobile) Home2 .85 / .53
1 Base Deductible is $1,000. 2 The definition of Manufactured (Mobile) Home includes travel trailers. See page APP 3.
RATE 10 May 1, 2010
TABLE 5. REGULAR PROGRAM – PRE-FIRM AND POST-FIRM
ELEVATION-RATED RATES ANNUAL
RATES PER $100 OF COVERAGE (Basic/Additional)
FIRM ZONES AR and AR Dual Zones – BUILDING RATES
Elevation of
Lowest Floor
Above or
Below BFE
One Floor, No
Basement/Encl/ Crawlspace4
More than One Floor,
No Basement/Encl/
Crawlspace4
More than One Floor,
With Basement/Encl/
Crawlspace4
Manufactured
(Mobile) Home1
1-4 Family Other
Residential
& Non-
Residential
1-4 Family Other
Residential
& Non-
Residential
1-4 Family Other
Residential
& Non-
Residential
Single
Family
Non-
Residential
+4 .24 / .08 .20 / .08 .24 / .08 .20 / .08 .24 / .08 .20 / .08 .24 / .08 .20 / .08
+3 .24 / .08 .20 / .08 .24 / .08 .20 / .08 .24 / .08 .20 / .08 .25 / .08 .22 / .08
+2 .38 / .08 .25 / .08 .25 / .08 .20 / .08 .25 / .08 .20 / .08 .43 / .08 .34 / .08
+1 .68 / .08 .45 / .10 .46 / .08 .28 / .08 .30 / .08 .25 / .08 .78 / .38 .72 / .08
0 .78 / .21 .74 / .21 .78 / .21 .81 / .15 .74 / .09 .59 / .16 .78 / .38 .95 / .39
-12 See Footnote2
FIRM ZONES AR and AR Dual Zones -- CONTENTS RATES
Elevation of
Lowest Floor
Above or
Below BFE
Lowest Floor Only –
Above Ground Level
(No Basement/Encl/
Crawlspace4)
Lowest Floor
Above Ground Level
& Higher Floors (No
Basement/Encl/
Crawlspace4)
More than One Floor
With Basement/Enclosure/
Crawlspace4
Manufactured
(Mobile) Home1
Residential Non-
Residential
Residential Non-
Residential
Residential Non-
Residential
Single
Family
Non-
Residential
+4 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12
+3 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12
+2 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .31 / .14
+1 .52 / .12 .32 / .18 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .55 / .14 .49 / .19
0 1.24 / .12 .78 / .39 .69 / .12 .53 / .24 .41 / .12 .32 / .12 1.14 / .15 .77 / .48
-12 See Footnote2
FIRM ZONES AR and AR Dual Zones -- CONTENTS RATES
Elevation of
Lowest Floor
Above or
Below BFE
Above Ground Level
More than One Full Floor
Single Family 2-4 Family Other Residential Non-Residential
+4 .35 / .12 .35 / .12 .22 / .12
+3 .35 / .12 .35 / .12 .22 / .12
+2 .35 / .12 .35 / .12 .22 / .12
+1 .35 / .12 .35 / .12 .22 / .12
0 .35 / .12 .35 / .12 .22 / .12
-13 .35 / .12 .35 / .12 .22 / .12
-23 .35 / .12 .37 / .12 .24 / .12
1 The definition of Manufactured (Mobile) Home includes travel trailers. See page APP 3.
2 Use Table 4 Pre-FIRM and Post-FIRM Not Elevation-Rated AR and AR Dual Zones Rate Table.
3 These rates are only applicable to Contents-only policies.
4 Includes subgrade crawlspace.
RATE 11 May 1, 2010
TABLE 6.
PRECALCULATED PRE-FIRM PREMIUM TABLE
FOR SINGLE-FAMILY DWELLINGS
AMOUNT OF
INSURANCE
PREMIUM1 EXCLUDING ICC2
AND FEDERAL POLICY FEE3
A, AE, A1-A30, AH, AO, D V, VE, V1-V30
w/bsmt w/o bsmt w/bsmt w/o bsmt
BUILDING
$ 20,000 $ 162 $ 152 $ 212 $ 198
$ 30,000 $ 243 $ 228 $ 318 $ 297
$ 40,000 $ 324 $ 304 $ 424 $ 396
$ 50,000 $ 405 $ 380 $ 530 $ 495
$ 60,000 $ 486 $ 456 $ 636 $ 594
$ 70,000 $ 569 $ 512 $ 856 $ 741
$ 80,000 $ 652 $ 568 $1,076 $ 888
$ 90,000 $ 735 $ 624 $1,296 $1,035
$100,000 $ 818 $ 680 $1,516 $1,182
$125,000 $1,026 $ 820 $2,066 $1,550
$150,000 $1,233 $ 960 $2,616 $1,917
$175,000 $1,441 $1,100 $3,166 $2,285
$200,000 $1,648 $1,240 $3,716 $2,652
$225,000 $1,855 $1,380 $4,266 $3,020
$250,0004 $2,063 $1,520 $4,816 $3,387
CONTENTS
$ 5,000 $ 48 $ 48 $ 62 $ 62
$ 10,000 $ 96 $ 96 $ 123 $ 123
$ 15,000 $144 $144 $ 185 $ 185
$ 20,000 $192 $192 $ 246 $ 246
$ 25,000 $240 $240 $ 308 $ 308
$ 30,000 $283 $292 $ 415 $ 435
$ 40,000 $369 $395 $ 629 $ 689
$ 50,000 $455 $498 $ 843 $ 943
$ 60,000 $541 $601 $1,057 $1,197
$ 70,000 $627 $704 $1,271 $1,451
$ 80,000 $790 $807 $1,485 $1,705
$ 90,000 $799 $910 $1,699 $1,959
$100,000 $885 $1,013 $1,913 $2,213
1 Premium before applying any CRS credits or optional deductible factors.
2 For building coverage amounts of $230,000 and less, add $75 to the building premium
selected from the table above to cover ICC cost, except for D zones. For D zones add $6.
For building coverage amounts above $230,000, see Footnote 4 below.
3 Add $40 to the premium selected from the table above to cover Federal Policy Fee.
4 Add $60 to cover the ICC cost for the $250,000 building limit, except for D zones.
For D zones add $4.
RATE 12 May 1, 2010
TABLE 7. FEDERAL POLICY FEE AND PROBATION SURCHARGE TABLE
FEDERAL POLICY FEE1
PROBATION
SURCHARGE
$40 $50
1 For the Preferred Risk Policy, the Federal Policy Fee is $20.00.
III. DEDUCTIBLES
As shown in Table 8A below, the NFIP standard deductible is either $1,000 or $2,000. The insured
may choose a deductible amount different from the standard $1,000 for Post-FIRM or the
standard $2,000 for structures in the Emergency Program and those rated using Pre- FIRM rates in
Zones A, AO, AH, A1-A30, AE, VO, V1-V30, VE,
V, AR, and AR Dual Zones (AR/AE, AR/AH, AR/AO, AR/A1-A30, AR/A). The optional deductible amount may be applied to policies
insuring properties in either Emergency Program
or Regular Program communities. Refer to page CONDO 22 for Residential Condominium Building Association Policy optional deductibles.
A. Buy-Back Deductibles
Policyholders who wish to reduce their
deductibles from the standard deductibles of
$2,000 for Pre-FIRM SFHA risks may opt to
purchase separate $1,000 deductibles for
building and contents coverages, for an additional premium. The deductible factors
provided on pages RATE 13 and CONDO 22
must be used to calculate the deductible surcharge.
B. Changes in Deductible Amount
The amount of the deductible may be increased during the policy term by submitting a completed General Change Endorsement form. The
deductible amount may be reduced through the submission of a new Application at the time of renewal. This procedure does not require the completion of the entire Flood Insurance
Application. Deductibles cannot be reduced mid term unless required by the mortgagee and written authorization is provided by the mortgagee. A 30-day waiting period will be applied to reduce the deductible.
TABLE 8A. STANDARD DEDUCTIBLES
EMERGENCY PROGRAM
REGULAR PROGRAM
Flood Zone Pre-FIRM
Pre-FIRM with
Optional Post-FIRM Elevation Rating Post-FIRM
$2,000 B, C, X, A99, D $1,000 $1,000
A, AO, AH, A1-A30, AE,
VO, V1-V30, VE, V, AR,
AR/AE, AR/AH, AR/AO,
AR/A1-A30, AR/A
$2,000 $1,000 $1,000
RATE 21 October 1, 2009
3. Replacement Cost Ratio
The replacement cost ratio is needed to
select the proper rate for insurance on buildings in 1981 Post-FIRM Construction V, V1-V30, and VE Zones on or after October 1, 1981. The estimated building
replacement cost is used in conjunction with the amount of the building insurance desired to determine the insurance-toreplacement-
cost ratio.
Replacement cost is defined as the amount of money required to replace or repair the insured building in the event of loss or damage, without a deduction for
depreciation. The replacement cost ratio is determined by dividing the amount of
building coverage by the replacement cost
of the building.
If the replacement cost of the building
exceeds the maximum statutory building
limit, use the replacement cost, not the maximum statutory building limit, in
calculating the ratio. For example, if the building replacement cost is $1,000,000
and the amount of building coverage requested is the maximum statutory building limit of $250,000, the rate is .25, so
use the rate listed for ?Replacement Cost
Ratio Under .50.?
Place the rate in the appropriate box on the Application and continue with the premium calculation.
4. Elevation Information
The lowest floor elevation must be identified for buildings in Zones V, V1-V30, and VE. Note that the lowest floor elevation is measured at the bottom of the lowest floor beam or slab, whichever is appropriate.
The BFE, including wave height, must be identified for any building located in Zones V1-V30 and VE.
XIV. SPECIAL RATING SITUATIONS
A. Tentative Rates
Tentative rates are used to issue policies when
producers fail to provide the required actuarial rating information. With tentative rates, a policy
will be generated with coverage limits based on the actual premium received. Tentatively rated policies cannot be endorsed to increase coverage limits, or renewed for another policy term, until the required actuarial rating information and full premium payment are received.
Tentative rates are generally higher than the
rates published in this manual (ranging from $2 to $10 per $100 of coverage). When tentative rates are applied, a Declarations Page and a
Tentative Rate Letter will be forwarded to the policyholder, producer, and mortgagee (if any), requesting the necessary information so that the proper rate can be determined. (Refer to page LFP 3 in the Leased Federal Property Section for tentative rates.)
If a loss occurs on a tentatively rated property, payment will be limited by the amount of
coverage that the initially submitted premium will purchase using the correct actuarial rating information.
B. Alternative Rates
When a building is Pre-FIRM and the FIRM zone is unknown, an alternative rating procedure can be used only if the building is located in a community that does not have any V Zones. In these cases, the NFIP will presume that the building is located in a Special Flood Hazard Area, and the FIRM zone should be shown as Zone AA. AA is not a valid flood zone designation; rather, it is a rating method used when the flood zone is unknown. The rates for
FIRM Zone A for Pre-FIRM properties should then be used to compute the premium.
The alternative rating procedure is also used by the NFIP for renewal of policies in communities that have converted from the Emergency Program to the Regular Program during a
policy's term. Again, this procedure can be used only when the community has no V Zones. In these cases, the NFIP assigns an AS Zone designation, which is not a valid flood zone designation, but rather a rating method, and uses the Pre-FIRM Zone A rates to compute the premium.
In both of the above situations, the producer
should determine the actual FIRM zone and submit a General Change Endorsement to correct the FIRM zone and premium. All corrections should be made as soon as possible
within the initial policy term after an AA or AS Zone designation has been made. If the correct
flood zone is not provided, no Renewal Premium Notice will be issued.
RATE 22 May 1, 2010
C. Map ?Grandfather? Rules--Effect of Map
Revisions on Flood Insurance Rates
A community will occasionally make structural improvements (dams, levees, etc.) to reduce the potential effects of flooding; experience new
development aggravating the flooding situation, thereby expanding the floodplain; revise geographical boundaries resulting in the designation of additional flood hazard areas; or provide information to better delineate the BFE and/or flood insurance risk zones. When these situations occur, the FIRM is revised and republished.
The implementation of a new FIRM raises the question--HOW DOES THE NEW MAP AFFECT FLOOD INSURANCE RATES?
1. Grandfather Rules
To recognize policyholders who have built in
compliance with the FIRM and/or remained
loyal customers of the NFIP by maintaining
continuous coverage, the Federal Emergency Management Agency has ?Grandfather
rules.? These rules allow such policyholders to benefit in the rating for that building. For
such buildings, the insured would have the
option of using the current rating criteria for
that property or having the premium rate determined by using the BFE and/or flood
zone on the FIRM (old map) in effect when the building was originally constructed (for those built in compliance) or when coverage was first obtained (for those with continuous coverage). This results in a cost savings to
insureds when the new map resulting from a map revision would result in a higher premium rate.
The conditions that must be met for an insured to be eligible to receive the rating benefit from the ?Grandfather rules? after a map revision (new map) becomes effective
are described below.
2. General Rule of Rating
Always use the new map if it will provide a
more favorable premium (lower rate).
3. Existing Business--Renewal Policies
Policies written to cover either Post-FIRM or
Pre-FIRM construction may be renewed and rated based on the FIRM and/or BFE in effect when the policy was initially rated as long as the coverage is continuous and the building
has not been altered to make the lowest finished floor level lower than the BFE on that FIRM. For elevated buildings, the lowest
finished floor must be at or above the BFE.
The enclosures must be unfinished and used solely for parking, storage, or building access.
For A zones, proper openings are required
(see pages LFG 1 and 2 for guidance for
proper openings).
For V zones, the enclosures must be constructed with breakaway walls (see pages LFG 2 and 2a for guidance).
a. Examples--Post-FIRM Construction
A building was constructed in 1980. Coverage was purchased at the time of construction. The FIRM zone in effect
was A1. The BFE was 10‘. The Lowest Floor was 11‘. The elevation difference
was +1, and the policy was rated using a +1 elevation difference.
This policy was written and continuously renewed for 3 years. In 1983 a new
map for the community was issued.
The property remained in an A1 Zone.
However, the BFE became 12‘.
Because the lowest floor did not change, the elevation difference was -1.
Since the building was built in compliance and was not altered in any way, the policy can be rated using a +1 elevation difference.
A building was constructed in 1980. The FIRM zone in effect was A. In 1983 the map was revised, which placed the building in a VE zone. Since continuous coverage existed and the building was not altered, the policyholder can continue to use Zone A in determining
the rate.
b. Example--Pre-FIRM Construction
At the time flood insurance coverage was applied for, the building was located in Zone A99. A new map designated the zone as AE. The policy may continue to be rated using Zone A99 rates on the old map as long as there is no interruption in coverage. 4. New Business--Applications for Coverage
a. Post-FIRM Construction
NOTE: These rules apply to buildings in all zones, including Zone D.
If a new policy is applied for, the rates can be based on the FIRM zone and the BFE on the old map in effect on the date the building was constructed provided that:
RATE 23 May 1, 2010
The building was built in compliance
with the map in effect at the time of
construction. For elevated buildings,
the lowest finished floor must be at or
above the BFE. The enclosures must be unfinished and used solely for
parking, storage, or building access.
For A zones, proper openings are required (see pages LFG 1 and 2 for
guidance for proper openings).
For V zones, the enclosures must be constructed with breakaway walls (see pages LFG 2 and 2a for guidance).
The building has not been altered in any way that has resulted in a lowest floor, for rating purposes, lower than the BFE on that FIRM (e.g., enclosing
the area below an elevated building).
The building has not been substantially improved.
The property owner or producer must provide proper documentation to the WYO company or NFIP Servicing Agent. The documentation must show: the date of the FIRM; the zone on that FIRM in which the property is located;
the BFE, if any, for that zone; a copy of the map panel showing the location of the building; and the rating element that is to be grandfathered. A letter from a
community official verifying this information, or an Elevation Certificate, also is acceptable.
Example:
A building was constructed in 1980 and, according to the FIRM in effect at that
time, was located in Zone AE. No
insurance policy was purchased until 1990. At that time remapping had occurred and the zone had been changed to a more hazardous area, Zone VE. The new policy can use Zone
AE as the rating zone if the required documentation is provided.
b. Pre-FIRM Construction
Because there was no FIRM in effect on the date of construction, most Pre-FIRM
construction is ineligible for the ?built in compliance? grandfathering rule. The limited exceptions are those communities with initial FIRM dates prior to December 31, 1974. The ?built in compliance? rule applies to Pre-FIRM construction only if the date of construction was on or before
December 31, 1974, and was also on or after the FIRM date.
Example:
A building was constructed in November 1974 and the FIRM date was May 3, 1973. The old map showed the building‘s location as Zone C. Ten years later in 1984, a new map placed the building in an A zone. Flood insurance coverage was applied for after the map was revised. To
use the old map showing Zone C as the rating zone, proper documentation must be submitted.
D. Post-’81 V Zone Optional Rating
This optional rating is available for new and renewal policies and endorsements with effective dates on or after October 1, 1997.
Policies for 1975 through 1981 Post-FIRM and
Pre-FIRM buildings in Zones VE and V1-V30 are
allowed to use the Post-‘81 V Zone rate tables (Tables 3E or 3F) if the rates are more favorable to the insured. In order to qualify, the following criteria must be met:
1. The policy must be rated using the BFE printed on the FIRM panel that includes wave
height. The effective date of the FIRM panel must be on or after 10/1/81.
2. The building rates are determined based on the ratio of the estimated building
replacement cost and the amount of
insurance purchased.
3. The building must be elevated free of
obstruction or with obstruction less than 300 square feet. All machinery and equipment located below the BFE are considered obstructions.
E. Policies Requiring Re-Rating
The following conditions require that the policies be rated using the new map:
1. If an elevation-rated building is altered, making the lowest floor for rating purposes below the BFE.
Example:
An elevated building is located in an AE Zone at the time of construction. The Lowest Floor
Elevation (LFE) was 18‘. The BFE was 10‘.
The Lowest Floor rating was a +8 elevation
differential. The map was revised, changing the BFE to 11‘. The insured decided to
enclose the area beneath the elevated floor
and use it as a living area. This changed the LFE to 9‘. Due to the alteration, the new map must be used and the building is rated as -2.
RATE 24 May 1, 2009
2. If a Pre-FIRM or Post-FIRM building is substantially improved, the building must be re-rated using the FIRM in effect at the time that the substantial improvement occurred. A newer FIRM can always be used if it will result in a more favorable rating.
Example:
A building was constructed in 1972 and, when flood insurance was applied for in 1976, was found to be located in Zone C. The FIRM was revised in 1984. The building was substantially improved in 1985. Due to the improvement, the building must now be re-rated as Post-FIRM construction using the 1984 map, or the most recent map can be used if it will result in a more favorable rating.
If ineligible for renewal as a Preferred Risk Policy because of a map change, the risk must be rewritten as a Standard Flood Insurance Policy.
3. If a Pre-FIRM or Post-FIRM building has been declared substantially damaged by a local community official, the agent must verify that the repair and/or reconstruction of the building has been made before the policy can be re-rated using the FIRM in effect at the time of the substantial improvement.
In the event that the repair and/or reconstruction have not been made, the writing company may renew the policy using
the proper rating prior to the loss. The agent/insured must notify the writing company when the actual repair is completed so the policy can be re-rated usign the correct FIRM.
Example:
A building was constructed in 1986. Late that year, when the building was purchased and flood insurance was applied for, the building was found to be located in Zone A15. The FIRM was revised in February 2005. In August 2005, a major hurricane
caused severe flooding and wind damage in the county in which the building is located.
The community declared the building substantially damaged by flood. However, because of widespread devastation throughout the area, the property owner had difficulty finding a repair contractor. When
the policy came up for renewal in December,
repair of the building had barely begun. The
policy may be renewed under its pre-flood rating.
F. Submit-for-Rate
Certain properties at high flood risk, because of peculiarities in their exposure to flooding, do not lend themselves to preprogrammed rates. These risks require an in-depth underwriting analysis and must be submitted to the NFIP for an individual (specific) rate. As
with other lines of property insurance, the underwriter requires documentation to evaluate those risk characteristics that make up the basis for a proper rate.
The NFIP's two-fold goal of establishing sound actuarial rates and obtaining information for enforcing floodplain management requires that the following documentation be supplied for risks that fall within the submit-for-rate category:
1. Completed NFIP Flood Insurance Application.
2. Completed current Elevation Certificate.
3. Variance issued by the local community stating that permission was granted to construct the building. If no variance was granted, a statement to that effect signed
by the applicant or the applicant's representative is required.
4. Recent photographs of the building (front
and back), or a blueprint (layout of the building) if the building is under construction.
5. The square footage of any enclosure(s) or
crawl spaces(s) below the elevated floor,
the use of the enclosure/crawl space, a list
of machinery and equipment, and the approximate value of each item located in
the enclosure/crawl space.
6. If the area below the elevated floor is enclosed using masonry walls and these
walls are represented as being breakaway walls in V Zones, a signed letter of
verification from a local building official, an
engineer, or an architect.
7. A statement from the applicant or the
applicant's representative that the
enclosure was built at the time that the
building was originally constructed, or at a
later date (give date).
RATE 49 October 1, 2009
XIX. RATING EXAMPLES
TABLE OF CONTENTS
EXAMPLE PAGE
Example 1 Emergency Program, Standard Deductible .......................................................RATE 50
Example 2 Regular Program, Pre-FIRM Construction, $2,000/$1,000
Deductible Option, Zone B.................................................................................RATE 51
Example 3 Regular Program, Pre-FIRM Construction, $1,000 Deductible Option
(Surcharge), Zone AE........................................................................................RATE 52
Example 4 Regular Program, Pre-FIRM Construction, $3,000/$2,000
Deductible Option, Zone A15.............................................................................RATE 53
Example 5 Regular Program, Post-FIRM, Elevation Rated, $5,000/$5,000 Deductible Option, Zone AE ..............................................................................RATE 54
Example 6 Regular Program, 1975-81 Post-FIRM V1-V30, Elevation Rated, Zone V13 ...RATE 55
Example 7 Regular Program, Post-1981 VE or V1-V30, with Enclosure, Zone VE ............RATE 56
Example 8 Regular Program, Post-FIRM Construction, Contents-Only Policy, Zone A17 .RATE 57
Example 9 Regular Program, Post-FIRM, Elevation Rated, $5,000/$5,000
Deductible Option, Zone AO..............................................................................RATE 58
Example 10 Regular Program, Post-FIRM, Elevation Rated, $1,000/$1,000
Deductible Option, Zone AO (With Certification of Compliance) .......................RATE 59
Example 11 Regular Program, Post-FIRM, Elevation Rated, $3,000/$2,000
Deductible Option, Zone AH..............................................................................RATE 60
Example 12 Regular Program, Post-FIRM, Elevation Rated, $1,000/$1,000
Deductible Option, Zone AH (With Certification of Compliance) .......................RATE 61
Example 13 Regular Program, Post-FIRM, Elevation Rated, $1,000/$1,000
Deductible Option, Zone A (with Estimated BFE)..............................................RATE 62
Example 14 Regular Program, Post-FIRM, Elevation Rated, $1,000/$1000 Deductible Option, Zone A (without Estimated BFE) ........................................RATE 63
RATE 50 May 1, 2010
EXAMPLE 1
EMERGENCY PROGRAM, STANDARD DEDUCTIBLE
Data Essential To Determine Appropriate Rates and Premium:
Emergency Program
Flood Zone: N/A
Occupancy: Single-Family Dwelling
# of Floors: 1 Floor
Basement/Enclosure: None
Deductible: $2,000/$2,000
Deductible Factor: 1.000
Contents Location: Lowest Floor Above Ground Level
Date of Construction: Pre-FIRM
Elevation Difference: N/A
Flood Proofed Yes/No: No
Building Coverage: $35,000
Contents: $10,000
ICC Premium: N/A
CRS Rating: N/A
CRS Discount: N/A
Determined Rates:
Building: .76 Contents: .96
BASIC LIMITS ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY) DEDUCTIBLE
BASIC AND
ADDITIONAL
COVERAGE AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
TOTAL
PREMIUM
BUILDING 35,000 .76 266 0 35,000 266
CONTENTS 10,000 .96 96 0 10,000 96
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT ANNUAL SUBTOTAL 362
MANUAL SUBMIT FOR RATING
OPTION: ICC PREMIUM
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD
SUBTOTAL 362
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER:
CRS PREMIUM DISCOUNT %
MORTGAGE PORTFOLIO PROTECTION PROGRAM
SUBTOTAL 362
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND PROBATION SURCHARGE
THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER FEDERAL POLICY FEE 40
APPLICABLE FEDERAL LAW.
TOTAL PREPAID AMOUNT 402
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $266 / Contents: $96
2. Apply Deductible Factor: Building: 1.000 x $266 = $266 / Contents: 1.000 x $96 = $96
3. Premium Reduction/Increase: Building: $0 / Contents: $0
4. Subtotal: $362
5. Add ICC Premium: N/A
6. Subtract CRS Discount: N/A
7. Subtotal: $362
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $40
10. Total Prepaid Amount: $402
RATE 51 May 1, 2010
EXAMPLE 2
REGULAR PROGRAM, PRE-FIRM CONSTRUCTION, $2,000/$1,000 DEDUCTIBLE OPTION, ZONE B
Data Essential To Determine Appropriate Rates and Premium:
Regular Program
Flood Zone: B
Occupancy: Single-Family Dwelling
# of Floors: 2 Floors
Basement/Enclosure: None
Deductible: $2,000/$1,000
Deductible Factor: 0.95
Contents Location: Lowest Floor Above Ground Level and Higher Floors
Date of Construction: Pre-FIRM
Elevation Difference: N/A
Flood Proofed Yes/No: No
Building Coverage: $150,000
Contents Coverage: $60,000
ICC Premium: $6
CRS Rating: N/A
CRS Discount: N/A
Determined Rates:
Building: .78/.21 Contents: 1.20/.37
BASIC LIMITS ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY) DEDUCTIBLE
BASIC AND
ADDITIONAL
COVERAGE AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
TOTAL
PREMIUM
BUILDING 60,000 .78 468 90,000 .21 189 -33 150,000 624
CONTENTS 25,000 1.20 300 35,000 .37 130 -22 60,000 408
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT ANNUAL SUBTOTAL 1,032
MANUAL SUBMIT FOR RATING
OPTION: ICC PREMIUM 6
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD
SUBTOTAL 1,038
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER:
CRS PREMIUM DISCOUNT %
MORTGAGE PORTFOLIO PROTECTION PROGRAM
SUBTOTAL 1,038
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND PROBATION SURCHARGE
THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER FEDERAL POLICY FEE 40
APPLICABLE FEDERAL LAW.
TOTAL PREPAID AMOUNT 1,078
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $657 / Contents: $430
2. Apply Deductible Factor: Building: 0.95 x $657 = $624 / Contents: 0.95 x $430 = $408
3. Premium Decrease: Building: $657 - $624 = $33 / Contents: $430 - 408 = $22
4. Subtotal: $1,032
5. Add ICC Premium: $6
6. Subtract CRS Discount: N/A
7. Subtotal: $1,038
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $40
10. Total Prepaid Amount: $1,078
RATE 52 May 1, 2010
EXAMPLE 3
REGULAR PROGRAM, PRE-FIRM CONSTRUCTION, $1000 DEDUCTIBLE OPTION (SURCHARGE), ZONE AE
Data Essential To Determine Appropriate Rates and Premium:
Regular Program
Flood Zone: AE
Occupancy: Single-Family Dwelling
# of Floors: 2 Floors
Basement/Enclosure: Enclosure
Deductible: $1000/$1000
Deductible Factor: 1.100
Contents Location: Enclosure and Above
Date of Construction: Pre-FIRM
Elevation Difference: N/A
Flood Proofed Yes/No: No
Building Coverage: $150,000
Contents Coverage: $60,000
ICC Premium: $75
CRS Rating: N/A
CRS Discount: N/A
Determined Rates:
Building: .81/1.01 Contents: .96/1.03
BASIC LIMITS ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY) DEDUCTIBLE
BASIC AND
ADDITIONAL
COVERAGE AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
TOTAL
PREMIUM
BUILDING 60,000 .81 486 90,000 1.01 909 +140 150,000 1,535
CONTENTS 25,000 .96 240 35,000 1.03 361 +60 60,000 661
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT ANNUAL SUBTOTAL 2,196
MANUAL SUBMIT FOR RATING
OPTION: ICC PREMIUM 75
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD
SUBTOTAL 2,271
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER:
CRS PREMIUM DISCOUNT %
MORTGAGE PORTFOLIO PROTECTION PROGRAM
SUBTOTAL 2,271
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND PROBATION SURCHARGE
THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER FEDERAL POLICY FEE 40
APPLICABLE FEDERAL LAW.
TOTAL PREPAID AMOUNT 2,311
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $1,395 / Contents: $601
2. Apply Deductible Factor: Building: 1.100 x $1,395 = $1,535 / Contents: 1.100 x $601 = $661
3. Premium Increase: Building: $1,535 - $1,395 = $140 / Contents: $661 - $601 = $60
4. Subtotal: $2,196
5. Add ICC Premium: $75
6. Subtract CRS Discount: N/A
7. Subtotal: $2,271
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $40
10. Total Prepaid Amount: $2,311
RATE 53 May 1, 2010
EXAMPLE 4
REGULAR PROGRAM, PRE-FIRM CONSTRUCTION, $3,000/$2,000 DEDUCTIBLE OPTION, ZONE A15
Data Essential To Determine Appropriate Rates and Premium:
Regular Program
Flood Zone: A15
Occupancy: Single-Family Dwelling
# of Floors: 3 Floors
Basement/Enclosure: Basement
Deductible: $3,000/$2,000 Building and Contents
Deductible Factor: .950
Contents Location: Basement and Above
Date of Construction: Pre-FIRM
Elevation Difference: N/A
Flood Proofed Yes/No: No
Building Coverage: $250,000
Contents Coverage: $100,000
ICC Premium: $60
CRS Rating: 4
CRS Discount: 30%
Determined Rates:
Building: .81/.83 Contents: .96/.86
BASIC LIMITS ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY) DEDUCTIBLE
BASIC AND
ADDITIONAL
COVERAGE AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
TOTAL
PREMIUM
BUILDING 60,000 .81 486 190,000 .83 1,577 -103 250,000 1,960
CONTENTS 25,000 .96 240 75,000 .86 645 -44 100,000 841
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT ANNUAL SUBTOTAL 2,801
MANUAL SUBMIT FOR RATING
OPTION: ICC PREMIUM 60
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD
SUBTOTAL 2,861
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER:
CRS PREMIUM DISCOUNT 30% -858
MORTGAGE PORTFOLIO PROTECTION PROGRAM
SUBTOTAL 2,003
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND PROBATION SURCHARGE
THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER FEDERAL POLICY FEE 40
APPLICABLE FEDERAL LAW.
TOTAL PREPAID AMOUNT 2,043
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $2,063 / Contents: $885
2. Apply Deductible Factor: Building: .950 x $2,063 = $1,960/ Contents: .950 x $885 = $841
3. Premium Reduction: Building: $2,063 - $1,960 = $103 / Contents: $885 - $841 = $44
4. Subtotal: $2,801
5. Add ICC Premium: $60
6. Subtract CRS Discount: -$858 (30%)
7. Subtotal: $2,003
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $40
10. Total Prepaid Amount: $2,043
RATE 54 May 1, 2010
EXAMPLE 5
REGULAR PROGRAM, POST-FIRM, ELEVATION RATED, $5,000/$5,000 DEDUCTIBLE OPTION, ZONE AE
Data Essential To Determine Appropriate Rates and Premium:
Regular Program
Flood Zone: AE
Occupancy: Non-Residential
# of Floors: 2 Floors Basement/Enclosure: None
Deductible: $5,000/$5,000
Deductible Factor: .890
Contents Location: Above Ground Level and Higher Floors
Date of Construction: Post-FIRM
Elevation Difference: +4
Flood Proofed Yes/No: No
Building Coverage: $500,000
Contents Coverage: $500,000
ICC Premium: $4
CRS Rating: 5
CRS Discount: 25%
Determined Rates:
Building: .20/.08 Contents: .22/.12
BASIC LIMITS ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY) DEDUCTIBLE
BASIC AND
ADDITIONAL
COVERAGE AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
TOTAL
PREMIUM
BUILDING 175,000 .20 350 325,000 .08 260 -67 500,000 543
CONTENTS 150,000 .22 330 350,000 .12 420 -82 500,000 668
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT ANNUAL SUBTOTAL 1,211
MANUAL SUBMIT FOR RATING
OPTION: ICC PREMIUM 4
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD
SUBTOTAL 1,215
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER:
CRS PREMIUM DISCOUNT 25% -304
MORTGAGE PORTFOLIO PROTECTION PROGRAM
SUBTOTAL 911
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND PROBATION SURCHARGE
THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER FEDERAL POLICY FEE 40
APPLICABLE FEDERAL LAW.
TOTAL PREPAID AMOUNT 951
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $610 / Contents: $750
2. Apply Deductible Factor: Building: .890 x $610 = $543 / Contents: .890 x $750 = $668
3. Premium Reduction: Building: $610 - $543 = $67 / Contents: $750 - $668 = $82
4. Subtotal: $1,211
5. Add ICC Premium: $4
6. Subtract CRS Discount: -$304 (25%)
7. Subtotal: $911
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $40
10. Total Prepaid Amount: $951
RATE 55 May 1, 2010
EXAMPLE 6
REGULAR PROGRAM, 1975-81 POST-FIRM V1-V30, ELEVATION RATED, ZONE V13
Data Essential To Determine Appropriate Rates and Premium:
Regular Program
Flood Zone: V13
Occupancy: Single-Family Dwelling
# of Floors: 2 Floors
Basement/Enclosure: None
Deductible: $1,000/$1,000
Deductible Factor: 1.000
Contents Location: Lowest Floor Above Ground Level and Higher Floors
Date of Construction: 1975 - 81 (Post-FIRM)
Elevation Difference: +1
Flood Proofed Yes/No: No
Building Coverage: $150,000
Contents Coverage: $100,000
ICC Premium: $35
CRS Rating: 8
CRS Discount: 10%
Determined Rates:
Building: 2.06/.46 Contents: 2.57/.61
BASIC LIMITS ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY) DEDUCTIBLE
BASIC AND
ADDITIONAL
COVERAGE AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
TOTAL
PREMIUM
BUILDING 60,000 2.06 1,236 90,000 .46 414 0 150,000 1,650
CONTENTS 25,000 2.57 643 75,000 .61 458 0 100,000 1,101
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT ANNUAL SUBTOTAL 2,751
MANUAL SUBMIT FOR RATING
OPTION: ICC PREMIUM 35
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD
SUBTOTAL 2,786
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER:
CRS PREMIUM DISCOUNT 10% -279
MORTGAGE PORTFOLIO PROTECTION PROGRAM
SUBTOTAL 2,507
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND PROBATION SURCHARGE
THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER FEDERAL POLICY FEE 40
APPLICABLE FEDERAL LAW.
TOTAL PREPAID AMOUNT 2,547
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $1,650 / Contents: $1,101
2. Apply Deductible Factor: Building: 1.000 x $1,650 = $1,650/Contents:1.000 x $1,101 = $1,101
3. Premium Reduction/Increase: Building: $0 / Contents: $0
4. Subtotal: $2,751
5. Add ICC Premium: $35
6. Subtract CRS Discount: -$279 (10%)
7. Subtotal: $2,507
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $40
10. Total Prepaid Amount: $2,547
RATE 56 May 1, 2010
EXAMPLE 7
REGULAR PROGRAM, POST-1981 VE OR V1-V30, WITH ENCLOSURE, ZONE VE
Data Essential To Determine Appropriate Rates and Premium:
Regular Program
Flood Zone: VE
Occupancy: Single-Family Dwelling
# of Floors: 3 or More Floors
Basement/Enclosure: Enclosure (< 300 sq. ft., w/o M&E)
Deductible: $3,000/$3,000
Deductible Factor: .850
Contents Location: Lowest Floor Above Ground Level and Higher Floors
Date of Construction: Post-81
Elevation Difference: -1
Flood Proofed Yes/No: No
Replacement Cost: $300,000
Building Coverage: $250,000
Contents Coverage: $100,000
ICC Premium: $14
CRS Rating: 9
CRS Discount: N/A
Determined Rates:
Building: 3.29 / 3.29 Contents: 2.47 / 2.47
BASIC LIMITS ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY) DEDUCTIBLE
BASIC AND
ADDITIONAL
COVERAGE AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
TOTAL
PREMIUM
BUILDING 60,000 3.29 1,974 190,000 3.29 6,251 -1,234 250,000 6,991
CONTENTS 25,000 2.47 618 75,000 2.47 1,853 -371 100,000 2,100
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT ANNUAL SUBTOTAL 9,091
MANUAL SUBMIT FOR RATING
OPTION: ICC PREMIUM 14
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD
SUBTOTAL 9,105
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER:
CRS PREMIUM DISCOUNT %
MORTGAGE PORTFOLIO PROTECTION PROGRAM
SUBTOTAL 9,105
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND PROBATION SURCHARGE
THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER FEDERAL POLICY FEE 40
APPLICABLE FEDERAL LAW.
TOTAL PREPAID AMOUNT 9,145
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $8,225 / Contents: $2,471
2. Apply Deductible Factor: Building: .850 x $8,250 = $6,991 / Contents: .850 x $2,471 = $2,100
3. Premium Reduction: Building: $8,225 - $6,991 = $1,234 / Contents: $2,471 - $2,100 = $371
4. Subtotal: $9,091
5. Add ICC Premium: $14
6. Subtract CRS Discount: N/A
7. Subtotal: $9,105
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $40
10. Total Prepaid Amount: $9,145
RATE 57 May 1, 2010
EXAMPLE 8
REGULAR PROGRAM, POST-FIRM CONSTRUCTION, CONTENTS-ONLY POLICY, ZONE A17
Data Essential To Determine Appropriate Rates and Premium:
Regular Program
Flood Zone: A17
Occupancy: 2-4 Family Dwelling (Renter‘s Policy)
# of Floors: 2 Floors
Basement/Enclosure: None
Deductible: $1,000
Deductible Factor: 1.000
Contents Location: Above Ground Level and Higher Floors
Date of Construction: Post-FIRM
Elevation Difference: +2
Flood Proofed Yes/No: No
Building Coverage: N/A
Contents Coverage: $100,000
ICC Premium: N/A
CRS Rating: N/A
CRS Discount: N/A
Determined Rates:
Building: N/A Contents: .35/.12
BASIC LIMITS ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY) DEDUCTIBLE
BASIC AND
ADDITIONAL
COVERAGE AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
TOTAL
PREMIUM
BUILDING 0
CONTENTS 25,000 .35 88 75,000 .12 90 0 100,000 178
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT ANNUAL SUBTOTAL 178
MANUAL SUBMIT FOR RATING
OPTION: ICC PREMIUM
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD
SUBTOTAL 178
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER:
CRS PREMIUM DISCOUNT %
MORTGAGE PORTFOLIO PROTECTION PROGRAM
SUBTOTAL 178
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND PROBATION SURCHARGE
THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER FEDERAL POLICY FEE 40
APPLICABLE FEDERAL LAW.
TOTAL PREPAID AMOUNT 218
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: N/A / Contents: $178
2. Apply Deductible Factor: Building: N/A / Contents: 1.000 x $178 = $178
3. Premium Reduction/Increase: Building: N/A / Contents: $0
4. Subtotal: $178
5. Add ICC Premium: N/A
6. Subtract CRS Discount: N/A
7. Subtotal: $178
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $40
10. Total Prepaid Amount: $218
RATE 58 May 1, 2010
EXAMPLE 9
REGULAR PROGRAM, POST-FIRM, ELEVATION RATED, $5,000/$5,000 DEDUCTIBLE OPTION, ZONE AO
Data Essential To Determine Appropriate Rates and Premium:
Regular Program
Flood Zone: AO
Occupancy: Non-Residential
# of Floors: 2 Floors Basement/Enclosure: None
Deductible: $5,000/$5,000
Deductible Factor: .890
Contents Location: Above Ground Level and Higher Floors
Date of Construction: Post-FIRM
Elevation Difference: -1
Flood Proofed Yes/No: No
Building Coverage: $500,000
Contents Coverage: $500,000
ICC Premium: $4
CRS Rating: 5
CRS Discount: N/A
Determined Rates:
Building: 1.01/.36 Contents: 1.97/.31
BASIC LIMITS ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY) DEDUCTIBLE
BASIC AND
ADDITIONAL
COVERAGE AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
TOTAL
PREMIUM
BUILDING 175,000 1.01 1,768 325,000 .36 1,170 -323 500,000 2,615
CONTENTS 150,000 1.97 2,955 350,000 .31 1,085 -444 500,000 3,596
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT ANNUAL SUBTOTAL 6,211
MANUAL SUBMIT FOR RATING
OPTION: ICC PREMIUM 4
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD
SUBTOTAL 6,215
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER:
CRS PREMIUM DISCOUNT %
MORTGAGE PORTFOLIO PROTECTION PROGRAM
SUBTOTAL 6,215
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND PROBATION SURCHARGE
THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER FEDERAL POLICY FEE 40
APPLICABLE FEDERAL LAW.
TOTAL PREPAID AMOUNT 6,255
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $2,938 / Contents: $4,040
2. Apply Deductible Factor: Building: .890 x $2,938 = $2,615 / Contents: .890 x $4,040 = $3,596
3. Premium Reduction: Building: $2,938 - $2,615 = $323 / Contents: $4,040 - $3,596 = $444
4. Subtotal: $6,211
5. Add ICC Premium: $4
6. Subtract CRS Discount: N/A
7. Subtotal: $6,215
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $40
10. Total Prepaid Amount: $6,255
RATE 59 May 1, 2010
EXAMPLE 10
REGULAR PROGRAM, POST-FIRM, ELEVATION RATED, $1,000/$1,000 DEDUCTIBLE OPTION,
ZONE AO (WITH CERTIFICATION OF COMPLIANCE)
Data Essential To Determine Appropriate Rates and Premium:
Regular Program
Flood Zone: AO (With Certification of Compliance)
Occupancy: Single-Family Dwelling
# of Floors: 2 Floors Basement/Enclosure: None
Deductible: $1,000/$1,000
Deductible Factor: 1.000
Contents Location: Above Ground Level and Higher Floors
Date of Construction: Post-FIRM
Elevation Difference: +1
Flood Proofed Yes/No: No
Building Coverage: $250,000
Contents Coverage: $100,000
ICC Premium: $4
CRS Rating: N/A
CRS Discount: N/A
Determined Rates:
Building: .28/.08 Contents: .37/.13
BASIC LIMITS ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY) DEDUCTIBLE
BASIC AND
ADDITIONAL
COVERAGE AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
TOTAL
PREMIUM
BUILDING 60,000 .28 168 190,000 .08 152 0 250,000 320
CONTENTS 25,000 .37 93 75,000 .13 98 0 100,000 191
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT ANNUAL SUBTOTAL 511
MANUAL SUBMIT FOR RATING
OPTION: ICC PREMIUM 4
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD
SUBTOTAL 515
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER:
CRS PREMIUM DISCOUNT % —
MORTGAGE PORTFOLIO PROTECTION PROGRAM
SUBTOTAL 515
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND PROBATION SURCHARGE —
THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER FEDERAL POLICY FEE 40
APPLICABLE FEDERAL LAW.
TOTAL PREPAID AMOUNT 555
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $320 / Contents: $191
2. Apply Deductible Factor: Building: 1.000 x $320 = $320 / Contents: 1.000 x $191 = $191
3. Premium Reduction/Increase: Building: $0 / Contents: = $0
4. Subtotal: $511
5. Add ICC Premium: $4
6. Subtract CRS Discount: N/A
7. Subtotal: $515
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $40
10. Total Prepaid Amount: $555
RATE 60 May 1, 2010
EXAMPLE 11
REGULAR PROGRAM, POST-FIRM, ELEVATION RATED, $3,000/$2,000 DEDUCTIBLE OPTION, ZONE AH
Data Essential To Determine Appropriate Rates and Premium:
Regular Program
Flood Zone: AH
Occupancy: Single-Family Dwelling
# of Floors: 1 Floor
Basement/Enclosure: None
Deductible: $3,000/$2,000
Deductible Factor: .875
Contents Location: Lowest Floor Above Ground Level
Date of Construction: Post-FIRM
Elevation Difference: -1
Flood Proofed Yes/No: No
Building Coverage: $250,000
Contents Coverage: $25,000
ICC Premium: $4
CRS Rating: N/A
CRS Discount: N/A
Determined Rates:
Building: .93/.21 Contents: 1.17/.24
BASIC LIMITS ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY) DEDUCTIBLE
BASIC AND
ADDITIONAL
COVERAGE AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
TOTAL
PREMIUM
BUILDING 60,000 .93 558 190,000 .21 399 -120 250,000 837
CONTENTS 25,000 1.17 293 0 .24 0 -37 25,000 256
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT ANNUAL SUBTOTAL 1,093
MANUAL SUBMIT FOR RATING
OPTION: ICC PREMIUM 4
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD
SUBTOTAL 1,097
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER:
CRS PREMIUM DISCOUNT _____% —
MORTGAGE PORTFOLIO PROTECTION PROGRAM
SUBTOTAL 1,097
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND PROBATION SURCHARGE —
THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER FEDERAL POLICY FEE 40
APPLICABLE FEDERAL LAW.
TOTAL PREPAID AMOUNT 1,137
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $957 / Contents: $293
2. Apply Deductible Factor: Building: .875 x $957 = $837 / Contents: .875 x $293 = $256
3. Premium Reduction: Building: $957 - $837 = $120 / Contents = $293 - $256 = $37
4. Subtotal: $1,093
5. Add ICC Premium: $4
6. Subtract CRS Discount: N/A
7. Subtotal: $1,097
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $40
10. Total Prepaid Amount: $1,137
RATE 61 May 1, 2010
EXAMPLE 12
REGULAR PROGRAM, POST-FIRM, ELEVATION RATED, $1,000/$1,000 DEDUCTIBLE OPTION,
ZONE AH (WITH CERTIFICATION OF COMPLIANCE)
Data Essential To Determine Appropriate Rates and Premium:
Regular Program
Flood Zone: AH (With Certification of Compliance)
Occupancy: 2-4 Family Dwelling
# of Floors: 2 Floors
Basement/Enclosure: None
Deductible: $1,000/$1,000
Deductible Factor: 1.000
Contents Location: Above Ground Level and Higher Floors
Date of Construction: Post-FIRM
Elevation Difference: +3
Flood Proofed Yes/No: No
Building Coverage: $200,000
Contents Coverage: $40,000
ICC Premium: $6
CRS Rating: N/A
CRS Discount: N/A
Determined Rates:
Building: .28/.08 Contents: .37/.13
BASIC LIMITS ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY) DEDUCTIBLE
BASIC AND
ADDITIONAL
COVERAGE AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
TOTAL
PREMIUM
BUILDING 60,000 .28 168 140,000 .08 112 0 200,000 280
CONTENTS 25,000 .37 93 15,000 .13 20 0 40,000 113
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT ANNUAL SUBTOTAL 393
MANUAL SUBMIT FOR RATING
OPTION: ICC PREMIUM 6
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD
SUBTOTAL 399
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER:
CRS PREMIUM DISCOUNT % —
MORTGAGE PORTFOLIO PROTECTION PROGRAM
SUBTOTAL 399
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND PROBATION SURCHARGE —
THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER FEDERAL POLICY FEE 40
APPLICABLE FEDERAL LAW.
TOTAL PREPAID AMOUNT 439
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $280 / Contents: $113
2. Apply Deductible Factor: Building: 1.000 x $280 = $280 / Contents: 1.000 x $113 = $113
3. Premium Reduction/Increase: Building: $0 / Contents: $0
4. Subtotal: $393
5. Add ICC Premium: $6
6. Subtract CRS Discount: N/A
7. Subtotal: $399
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $40
10. Total Prepaid Amount: $439
RATE 62 May 1, 2010
EXAMPLE 13
REGULAR PROGRAM, POST-FIRM, ELEVATION RATED, $1,000/$1,000 DEDUCTIBLE OPTION,
ZONE A (WITH ESTIMATED BFE)
Data Essential To Determine Appropriate Rates and Premium:
Regular Program
Flood Zone: A
Occupancy: 2-4 Family Dwelling
# of Floors: 2 Floors
Basement/Enclosure: None
Deductible: $1000/$1000
Deductible Factor: 1.000
Contents Location: Above Ground Level and Higher Floors
Date of Construction: Post-FIRM
Elevation Difference: +6 (with Estimated BFE)
Flood Proofed Yes/No: No
Building Coverage: $140,000
Contents Coverage: $70,000
ICC Premium: $6
CRS Rating: N/A
CRS Discount: N/A
Determined Rates:
Building: .40/.08 Contents: .50/.12
BASIC LIMITS ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY) DEDUCTIBLE
BASIC AND
ADDITIONAL
COVERAGE AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
TOTAL
PREMIUM
BUILDING 60,000 .40 240 80,000 .08 64 0 140,000 304
CONTENTS 25,000 .50 125 45,000 .12 54 0 70,000 179
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT ANNUAL SUBTOTAL 483
MANUAL SUBMIT FOR RATING
OPTION: ICC PREMIUM 6
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD
SUBTOTAL 489
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER:
CRS PREMIUM DISCOUNT % —
MORTGAGE PORTFOLIO PROTECTION PROGRAM
SUBTOTAL 489
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND PROBATION SURCHARGE —
THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER FEDERAL POLICY FEE 40
APPLICABLE FEDERAL LAW.
TOTAL PREPAID AMOUNT 529
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $304 / Contents: $179
2. Apply Deductible Factor: Building: 1.000 x $304 = $304 / Contents: 1.000 x $179 = $179
3. Premium Reduction/Increase: Building: $0 / Contents = $0
4. Subtotal: $483
5. Add ICC Premium: $6
6. Subtract CRS Discount: N/A
7. Subtotal: $489
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $40
10. Total Prepaid Amount: $529
RATE 63 May 1, 2010
EXAMPLE 14
REGULAR PROGRAM, POST-FIRM, ELEVATION RATED, $1000/$1000 DEDUCTIBLE OPTION,
ZONE A (WITHOUT ESTIMATED BFE)
Data Essential To Determine Appropriate Rates and Premium:
Regular Program
Flood Zone: A
Occupancy: Single-Family Dwelling
# of Floors: 2 Floors
Basement/Enclosure: None
Deductible: $1000/$1000
Deductible Factor: 1.000
Contents Location: Lowest Floor Above Ground Level and Higher Floors
Date of Construction: Post-FIRM
Elevation Difference: +5 (without Estimated BFE)
Flood Proofed Yes/No: No
Building Coverage: $135,000
Contents Coverage: $60,000
ICC Premium: $6
CRS Rating: N/A
CRS Discount: N/A
Determined Rates:
Building: .35/.10 Contents: .61/.12
BASIC LIMITS ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY) DEDUCTIBLE
BASIC AND
ADDITIONAL
COVERAGE AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
TOTAL
PREMIUM
BUILDING 60,000 .35 210 75,000 .10 75 0 135,000 285
CONTENTS 25,000 .61 153 35,000 .12 42 0 60,000 195
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT ANNUAL SUBTOTAL 480
MANUAL SUBMIT FOR RATING
OPTION: ICC PREMIUM 6
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD
SUBTOTAL 486
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER:
CRS PREMIUM DISCOUNT % —
MORTGAGE PORTFOLIO PROTECTION PROGRAM
SUBTOTAL 486
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND PROBATION SURCHARGE —
THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER FEDERAL POLICY FEE 40
APPLICABLE FEDERAL LAW.
TOTAL PREPAID AMOUNT 526
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $285 / Contents: $195
2. Apply Deductible Factor: Building: 1.000 x $300 = $300 / Contents: 1.000 x $195 = $195
3. Premium Reduction/Increase: Building: $0 / Contents: $0
4. Subtotal: $480
5. Add ICC Premium: $6
6. Subtract CRS Discount: N/A
7. Subtotal: $486
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $40
10. Total Prepaid Amount: $526

CONDO 1 May 1, 2010
CONDOMINIUMS
Important Notice to Agents:
Boards of Directors of condominium associations typically are responsible under their by-laws for
maintaining all forms of property insurance necessary to protect the common property of the association against all hazards to which that property is exposed for the insurable value/replacement cost of those common elements. This responsibility would typically include providing adequate flood insurance
protection for all common property located in Special Flood Hazard Areas. Such by-law requirements could make the individual members of the boards of directors of such associations personally liable for insurance errors or omissions, including those relating to flood insurance.
I. METHODS OF INSURING CONDOMINIUMS
There are four methods of insuring condominiums under the National Flood Insurance Program
(NFIP). Each method has its own eligibility requirements for condominium type.
A. Residential Condominium: Association Coverage on Building and Contents
A condominium association is the corporate entity responsible for the management and operation of
a condominium. Membership is made up of the condominium unit owners. A condominium association may purchase insurance coverage on
a residential building and its contents under the Residential Condominium Building Association
Policy (RCBAP). The RCBAP covers only a
residential condominium building in a Regular Program community. If the named insured is listed as other than a condominium association,
the agent must provide legal documentation to
confirm that the insured is a condominium
association.
B. Residential Condominium: Unit Owner’s Coverage on Building and Contents
A condominium unit in a townhouse, rowhouse,
high-rise or low-rise building is considered to be a
single family residence. An individual dwelling unit in a condominium building may be insured in
any one of three ways:
An individual unit and its contents may be
separately insured under the Dwelling Form, in the name of the unit owner, at the limits of
insurance for a single family dwelling.
An individual unit may be separately insured under the Dwelling Form, if purchased by the association in the name of the "owner of
record unit number (#) and (name of) Association as their interests may appear," up to the limits of insurance for a single family dwelling.
An individual unit owned by the association may be separately insured under the Dwelling Form, if purchased by the
condominium association. The single family limits of insurance apply.
A policy on a condominium unit will be issued naming the unit owner and the association, as their interests may appear. Coverage under a unit
owner's policy applies first to the individually owned building elements and improvements to
the unit and then to the damage of the building's common elements that are the unit owner's responsibility.
In the event of a loss, the claim payment to an individual unit owner may not exceed the maximum allowable in the Program.
C. Non-residential (Commercial) Condominium:
Building and Contents
Non-residential (commercial) condominium
buildings and their commonly owned contents may be insured in the name of the Association
under the General Property Form. The "Nonresidential" limits apply.
Individual residential condominium units in nonresidential condominium buildings are not eligible for building coverage.
CONDO 2 May 1, 2010
D. Non-residential (Commercial) Condominium:
Unit Owner's Coverage (Contents)
The owner of a non-residential condominium unit
may purchase only contents coverage for that unit. Building coverage may not be purchased in
the name of the unit owner.
In the event of a loss, up to 10 percent of the
stated amount of contents coverage can be applied to losses to condominium interior walls,
floors, and ceilings. The 10 percent is not an additional amount of insurance.
TABLE 1. CONDOMINIUM UNDERWRITING GUIDELINES
POLICY
FORM
INSURED PROPERTY
COVERED
ELIGIBILITY
REQUIREMENTS
REPLACEMENT
COVERAGE
ICC COVERAGE LIMITS ASSESSMENT
COVERAGE
FEDERAL
POLICY FEE
RCBAP RESIDENTIAL CONDOMINIUM ASSOCIATION AND INDIVIDUAL UNIT
OWNERS
CONDOMINIUM BUILDING
INDIVIDUALLY OWNED UNITS WITHIN THE BUILDING
IMPROVEMENTS WITHIN UNIT
ADDITIONS AND EXTENSIONS ATTACHED OR CONNECTED TO THE INSURED BUILDING
FIXTURES, MACHINERY AND EQUIPMENT WITHIN BUILDING
CONTENTS OWNED BY THE ASSOCIATION
COMMUNITY MUST BE IN REGULAR PROGRAM
RESIDENTIAL CONDOMINIUM BUILDINGS INCLUDING HOMEOWNER ASSOCIATIONS (HOA) AND TIMESHARES IN THE CONDOMINIUM FORM OF
OWNERSHIP
AT LEAST 75% OF FLOOR AREA MUST BE RESIDENTIAL
BUILDINGS INCLUDE
TOWNHOUSES, ROWHOUSES, LOW-RISE, HIGH-RISE, AND DETACHED SINGLE FAMILY CONDOMINIUM BUILDINGS
YES YES MAXIMUM LIMITS:
BUILDING
REPLACEMENT COST, OR THE TOTAL NUMBER OF UNITS X $250,000, WHICHEVER IS LESS
CONTENTS
ACTUAL CASH VALUE (ACV) OF COMMONLY OWNED CONTENTS TO A MAXIMUM OF
$100,000 PER
BUILDING.
NO # UNITS
1 – $40
2-4 – $80/POLICY
5-10 – $200/POLICY
11-20 – $440/POLICY
21 + – $840/POLICY
GENERAL PROPERTY FORM
CONDOMINIUM ASSOCIATION AND INDIVIDUAL UNIT
OWNERS
CONDOMINIUM BUILDING
INDIVIDUALLY OWNED UNITS WITHIN THE BUILDING
IMPROVEMENTS WITHIN UNIT
ADDITIONS AND EXTENSIONS ATTACHED OR CONNECTED TO THE INSURED BUILDING
FIXTURES, MACHINERY AND EQUIPMENT WITHIN BUILDING
CONTENTS OWNED BY THE ASSOCIATION
NON-RESIDENTIAL COMMON BUILDING ELEMENTS AND THEIR CONTENTS
CONDOMINIUM BUILDING IN A REGULAR PROGRAM COMMUNITY WITH LESS THAN 75% OF ITS FLOOR AREA IN RESIDENTIAL USE.
RESIDENTIAL CONDOMINIUM BUILDING IN AN EMERGENCY PROGRAM COMMUNITY
NO YES EMERGENCY PROG.
(ACV MAXIMUM LIMITS):
RESIDENTIAL:
BUILDING $100,000
CONTENTS $10,000 NON-RESIDENTIAL:
BUILDING $100,000
CONTENTS $100,000
REGULAR PROGRAM
(ACV MAXIMUM LIMITS):
BUILDING $500,000
CONTENTS $500,000
NO $40.00
DWELLING
FORM
CONDOMINIUM ASSOCIATION AND/OR INDIVIDUAL UNIT
OWNERS
BUILDING ELEMENTS
INDIVIDUALLY OWNED CONTENTS
ALL RESIDENTIAL CONDOMINIUM UNITS
EMERGENCY AND REGULAR PROGRAMS ARE ELIGIBLE
YES1 NO EMERGENCY PROG.
(MAXIMUM LIMITS):
BUILDING $35,000
CONTENTS $10,000
REGULAR PROGRAM (MAXIMUM LIMITS):
BUILDING $250,000 CONTENTS $100,000
YES2 $40.00
GENERAL PROPERTY FORM
INDIVIDUAL UNIT
OWNERS AND TENANTS
NON-RESIDENTIAL CONDO UNITS
(ONLY CONTENTS ARE AVAILABLE)
COMMERCIAL CONTENTS ONLY
EMERGENCY AND REGULAR PROGRAMS ARE ELIGIBLE
NO NO EMERGENCY PROG.: $100,000 MAXIMUM
REGULAR PROGRAM:
$500,000 MAXIMUM
NO $40.00
Footnote: These are basic guidelines for condominium associations and unit owners. Please refer to appropriate section of the Flood Insurance Manual for specific details.
1Subject to replacement cost provisions in policy.
2ICC coverage does not apply to the Emergency Program, individually owned condominium units insured under Dwelling or General Property Forms, Contents-only Policies, and Group Flood Insurance Policies.
CONDO 3 May 1, 2010
TABLE 2. CONDOMINIUM RATING CHART
LOW-RISE RESIDENTIAL CONDOMINIUMS
SINGLE UNIT BUILDING OR TOWNHOUSE/ROWHOUSE TYPE BUILDING WITH SEPARATE ENTRANCE FOR EACH UNIT
PURCHASER OF POLICY Building Occupancy1 Building Indicator1
Contents Indicator2
Type of
Coverage
Rate Table3 Policy Form4
UNIT OWNER SINGLE FAMILY SINGLE UNIT HOUSEHOLD RC5 SINGLE FAMILY DWELLING
ASSOCIATION
(ASSOCIATION-OWNED
SINGLE UNIT ONLY)
SINGLE FAMILY SINGLE UNIT HOUSEHOLD RC5 SINGLE FAMILY DWELLING
ASSOCIATION
(ENTIRE BUILDING)
DETERMINED BY THE
NUMBER OF UNITS , I.E.,
SINGLE FAMILY, 2-4 FAMILY,
OTHER RESIDENTIAL
LOW-RISE HOUSEHOLD RC RCBAP LOW-RISE RCBAP
MULTI-UNIT BUILDING 2 TO 4 UNITS PER BUILDING REGARDLESS OF NUMBER OF FLOORS (NON-TOWNHOUSE)
PURCHASER OF POLICY Building Occupancy1 Building Indicator1
Contents Indicator2
Type of
Coverage
Rate Table3 Policy Form4
UNIT OWNER 2-4 SINGLE UNIT HOUSEHOLD RC5
SINGLE FAMILY FOR
BUILDING; 2-4
FAMILY FOR
CONTENTS
DWELLING
ASSOCIATION
(ASSOCIATION-OWNED
SINGLE UNIT ONLY)
2-4 SINGLE UNIT HOUSEHOLD RC5
SINGLE FAMILY FOR
BUILDING; 2-4
FAMILY FOR
CONTENTS
DWELLING
ASSOCIATION
(ENTIRE BUILDING)
2-4 LOW-RISE HOUSEHOLD RC RCBAP LOW-RISE RCBAP
MULTI-UNIT BUILDING 5 OR MORE UNITS PER BUILDING LESS THAN THREE FLOORS
PURCHASER OF POLICY Building Occupancy1 Building Indicator1
Contents Indicator2
Type of
Coverage
Rate Table3 Policy Form4
UNIT OWNER OTHER RESIDENTIAL SINGLE UNIT HOUSEHOLD RC5
SINGLE FAMILY
FOR BUILDING;
OTHER
RESIDENTIAL FOR
CONTENTS
DWELLING
ASSOCIATION
(ASSOCIATION-OWNED
SINGLE UNIT ONLY)
OTHER RESIDENTIAL SINGLE UNIT HOUSEHOLD RC5
SINGLE FAMILY
FOR BUILDING;
OTHER
RESIDENTIAL FOR
CONTENTS
DWELLING
ASSOCIATION
(ENTIRE BUILDING)
OTHER RESIDENTIAL LOW-RISE HOUSEHOLD RC RCBAP LOW-RISE RCBAP
1When there is a mixture of residential and commercial usage within a single building, please refer to the GR Section of the Flood Insurance Manual.
2In determining the contents indicator for ?other than household contents,? please refer to the RATE Section of the Flood Insurance Manual.
3All building rates are based on the lowest floor of the building.
4RCBAP must be used to insure residential condominium buildings owned by the association that are in a Regular Program community and in which at least 75% of the total floor area within the building is
residential. Use General Property Form if ineligible under RCBAP.
5Replacement Cost if the RC eligibility requirements are met (building only).
CONDO 4 May 1, 2010
TABLE 2. CONDOMINIUM RATING CHART (Cont’d)
HIGH-RISE RESIDENTIAL CONDOMINIUMS
MULTI-UNIT BUILDING 5 OR MORE UNITS PER BUILDING THREE OR MORE FLOORS6
PURCHASER OF POLICY Building Occupancy1 Building Indicator1
Contents Indicator2
Type of
Coverage
Rate Table3 Policy Form4
UNIT OWNER OTHER RESIDENTIAL SINGLE UNIT HOUSEHOLD RC5
SINGLE FAMILY FOR
BUILDING; OTHER
RESIDENTIAL FOR
CONTENTS
DWELLING
ASSOCIATION
(ASSOCIATION-OWNED
SINGLE UNIT ONLY)
OTHER RESIDENTIAL SINGLE UNIT HOUSEHOLD RC5
SINGLE FAMILY FOR
BUILDING; OTHER
RESIDENTIAL FOR
CONTENTS
DWELLING
ASSOCIATION
(ENTIRE BUILDING)
OTHER RESIDENTIAL HIGH-RISE HOUSEHOLD RC RCBAP HIGH-RISE RCBAP
NON-RESIDENTIAL CONDOMINIUMS
PURCHASER OF POLICY Building Occupancy1 Building Indicator1
Contents Indicator2
Type of
Coverage
Rate Table3 Policy Form4
UNIT OWNER NON-RESIDENTIAL
SINGLE UNIT
(BUILDING
COVERAGE NOT
AVAILABLE)
BUSINESS ACV NON-RESIDENTIAL
GENERAL PROPERTY
ASSOCIATION NON-RESIDENTIAL LOW-RISE BUSINESS ACV NON-RESIDENTIAL
GENERAL PROPERTY
1When there is a mixture of residential and commercial usage within a single building, please refer to the GR Section of the Flood Insurance Manual.
2In determining the contents indicator for ?other than household contents,? please refer to the RATE Section of the Flood Insurance Manual.
3All building rates are based on the lowest floor of the building.
4RCBAP must be used to insure residential condominium buildings owned by the association that are in a Regular Program community and in which at least 75% of the total floor area within the building is
residential. Use General Property Form if ineligible under RCBAP.
5Replacement Cost if the RC eligibility requirements are met (building only).
6Enclosure, even if it is the lowest floor for rating, cannot be counted as a floor for the purpose of classifying the building as a high rise.
CONDO 5 May 1, 2010
CONDO 6 May 1, 2010
RESIDENTIAL CONDOMINIUM BUILDING ASSOCIATION POLICY
II. POLICY FORM
The policy form used for the residential condominium buildings owned by a condominium association is the Residential Condominium
Building Association Policy (RCBAP).
III. ELIGIBILITY REQUIREMENTS
A. General Building Eligibility
In order for a condominium building to be eligible
under the RCBAP form, the building must be owned by a condominium association, which the
NFIP defines as the entity made up of the unit
owners responsible for the maintenance and
operation of:
1. common elements owned in undivided shares by unit owners; and
2. other real property in which the unit owners have use rights;
where membership in the entity is a required
condition of unit ownership.
The RCBAP is required for all buildings owned by a condominium association containing one or more residential units and in which at least 75
percent of the total floor area within the building is residential without regard to the number of units or number of floors. The RCBAP is available for high-rise and low-rise residential condominium
buildings, including townhouse/rowhouse and detached single-family condominium buildings in
the Regular Program only. (See pages CONDO 4 and 5.)
Only buildings having a condominium form of ownership are eligible for the RCBAP. If the named insured is listed as other than a
condominium association, the agent must provide legal documentation to confirm that the insured is a condominium association. A homeowners association (HOA) may differ from a
condominium form of ownership. Cooperative
ownership buildings are not eligible. Timeshare buildings having condominium form of ownership in jurisdictions where title is vested in individual unit owners are eligible provided all other criteria
are met.
Residential condominium buildings that are being used as a hotel or motel, or are being rented (either short- or long-term), must be insured on
the RCBAP.
If, during a policy term, the risk fails to meet the
eligibility requirements, it will be ineligible for renewal as an RCBAP.
The NFIP has grouped condominium buildings into two different types, low- and high-rise,
because of the difference in the exposures to the risk that typically exists. Low-rise buildings generally have a greater percentage of the value
of the building at risk than high-rise buildings, thus requiring higher premiums for the first dollars of
coverage. The availability of the optional deductibles for the low-rise buildings, however,
allows the association to buy back some of the
risk, thereby reducing the overall cost of the coverage.
For rating purposes:
High-rise buildings contain five or more units and at least three floors excluding enclosure,
even if it is the lowest floor for rating.
Low-rise buildings have less than five units regardless of the number of floors, or five or
more units with less than three floors,
including the basement.
Townhouse/rowhouse buildings are always considered as low-rise buildings for rating purposes, no matter how many units or floors they have.
See the Definitions section for a complete definition of high-rise and low-rise buildings.
The individual unit owners continue to have an option to purchase an SFIP Dwelling Form.
B. Condominium Building in the Course of Construction
The NFIP rules allow the issuance of an SFIP to
cover a building in the course of construction
before the building is walled and roofed. These
rules provide lenders an option to require flood insurance coverage at the time that the
development loan is made to comply with the
mandatory purchase requirement outlined in the Flood Disaster Protection Act of 1973, as amended. The policy is issued and rated based on the construction designs and intended use of the building.
In order for a condominium building in the course
of construction to be eligible under the RCBAP form, the building must be owned by a
condominium association.
CONDO 7 May 1, 2010
As noted on page GR 4, buildings in the course of
construction that have yet to be walled and roofed are eligible for coverage except when construction has been halted for more than 90 days and/or if the lowest floor used for rating purposes is below the Base Flood Elevation (BFE). Materials or supplies intended for use in
such construction, alteration, or repair are not
insurable unless they are contained within an
enclosed building on the premises or adjacent to
the premises.
IV. COVERAGE
A. Property Covered
The entire building is covered under one policy,
including both the common as well as individually owned building elements within the units,
improvements within the units, and contents owned in common. Contents owned by individual unit owners should be insured under an individual unit owner's Dwelling Form.
B. Coverage Limits
Building coverage purchased under the RCBAP will be on a Replacement Cost basis.
The maximum amount of building coverage that
can be purchased on a high-rise or low-rise condominium is the Replacement Cost Value of
the building or the total number of units in the
condominium building times $250,000, whichever is less.
The maximum allowable contents coverage is the Actual Cash Value of the commonly owned contents up to a maximum of $100,000 per building.
Basic Limit Amount:
The building basic limit amount of insurance
for a detached building housing a single family unit owned by the condominium association is $60,000.
For residential townhouse/rowhouse and lowrise condominiums, the building basic limit
amount of insurance is $60,000 multiplied by the number of units in the building.
For high-rise condominiums, the building basic amount of insurance is $175,000.
The contents basic limit amount of insurance
is $25,000.
For condominium unit owners who have
insured their personal property under the Dwelling Form or General Property Form, coverage extends to interior walls, floor, and ceiling (if not covered under the condominium association‘s insurance) up to 10 percent of
the personal property limit of liability. Use of
this coverage is at the option of the insured
and reduces the personal property limit of
liability.
C. Replacement Cost
As stated above in ?B. Coverage Limits,? the
RCBAP‘s building coverage is on a Replacement
Cost valuation basis. Replacement Cost Value
means the cost to replace property with the same kind of material and construction without
deduction for depreciation. A condominium unit
owner‘s Dwelling Form policy provides Replacement Cost coverage on the building if eligibility requirements are met.
D. Coinsurance
The RCBAP‘s coinsurance penalty is applied to
building coverage only. To the extent that the insured has not purchased insurance in an
amount equal to the lesser of 80 percent or more
of the full replacement cost of the building at the
time of loss or the maximum amount of insurance
under the NFIP, the insured will not be reimbursed fully for a loss. Building coverage purchased under individual Dwelling Forms cannot be added to RCBAP coverage in order to
avoid the coinsurance penalty. The amount of loss in this case will be determined by using the following formula:
Insurance Carried X Amount of Loss = Limit of Recovery
Insurance Required
Where the penalty applies, building loss under the
RCBAP will be adjusted based on the Replacement Cost Coverage with a coinsurance penalty. Building loss under the Dwelling Form will be adjusted on an Actual Cash Value (ACV) basis if the Replacement Cost provision is not met. The cost of bringing the building into compliance with
local codes (law and ordinance) is not included in
the calculation of replacement cost.
E. Assessment Coverage
The RCBAP does not provide assessment coverage.
Assessment coverage is available only under the Dwelling Form subject to the conditions and
exclusions found in Section III. Property Covered,
CONDO 8 May 1, 2010
Coverage C, paragraph 3 – Condominium Loss Assessments. The Dwelling Form will respond,
up to the building coverage limit, to assessments against unit owners for damages to common areas of any building owned by the condominium
association, even if the building is not insured, provided that: (1) each of the unit owners comprising the membership of the association is assessed by reason of the same cause; and (2) the assessment arises out of a direct physical loss by or from flood to the condominium building
at the time of the loss. Assessment coverage has a maximum combined total limit of $250,000
times the number of units. This combined total limit covers loss to the unit and any assessment
by the association.
Assessment coverage cannot be used to meet the 80-percent coinsurance provision of the
RCBAP, and does not apply to ICC coverage or to coverage for closed basin lakes.
For more information on this topic, see ?E. Loss Assessments? on page GR 13 and Section III.
C.3. of the Dwelling Form, ?Condominium Loss Assessments,? on page POL 8.
V. DEDUCTIBLES AND FEES
A. Deductibles
The loss deductible shall apply separately to each building and personal property covered loss including any appurtenant structure loss. The
Standard Deductible is $2,000 for a residential condominium building, located in a Regular Program Community in Special Flood Hazard Areas, i.e., Zones A, AO, AH, A1-A30, AE, AR, AR dual zones (AR/AE, AR/AH, AR/AO, AR/A1-A30, AR/A), V, V1-V30, or VE, where the rates available for buildings built before the effective date of the initial Flood Insurance Rate Map (FIRM), Pre-
FIRM rates, are used to compute the premium.
For all policies rated other than those described
above, e.g., those rated as Post-FIRM and those rated in Zones A99, B, C, D, or X, the Standard
Deductible is $1,000.
Optional deductible amounts are available under the RCBAP.
B. Federal Policy Fee
The Federal Policy Fees for the RCBAP are:
1 unit - $ 40.00 per policy
2-4 units - $ 80.00 per policy
5-10 units - $200.00 per policy
11-20 units - $440.00 per policy
21 or more - $840.00 per policy
VI. TENTATIVE RATES AND SCHEDULED BUILDINGS
Tentative Rates cannot be applied to the RCBAP.
The Scheduled Building Policy is not available for the RCBAP.
VII. COMMISSIONS (DIRECT BUSINESS ONLY)
The commission, 15 percent, will be reduced to 5
percent on only that portion of the premium that
exceeds the figure resulting from multiplying the
total number of units times $2,000.
VIII. CANCELLATION OR ENDORSEMENT OF UNIT OWNERS' DWELLING POLICIES
Unit owner‘s Dwelling Policies may be cancelled
mid-term for the reasons mentioned in the
Cancellation/Nullification section of the manual.
To cancel building coverage while retaining contents coverage on a unit owner's policy,
submit a General Change Endorsement form. In the event of a cancellation:
The commission on a unit owner's policy will be retained, in full, by the producer,
The Federal Policy Fee and Probation Surcharge will be refunded on a pro rata basis, and
The premium refund will be calculated on a
pro rata basis.
An existing Dwelling Policy or RCBAP may be
endorsed to increase amounts of coverage in
accordance with Endorsement rules. They may not be endorsed mid-term to reduce coverage.
IX. APPLICATION FORM
The producer should complete the entire Flood Insurance Application according to the directions in the Application section of this manual and attach two new photographs of the building, one
of which clearly shows the location of the lowest
floor used for rating the risk.
A. Type of Building
For an RCBAP, the ?Building? section of the Flood Insurance Application must indicate the total number of units in the building and whether the
building is a high rise or low rise.
High-rise (vertical) condominium buildings are
defined as containing at least five units, and
having at least three floors. Note that an
enclosure below an elevated floor building, even if
CONDO 9 May 1, 2010
it is the lowest floor for rating purposes, cannot be counted as a floor to classify the building as a
high-rise condominium building.
Low-rise condominium buildings are defined as having less than five units and/or less than three floors. In addition, low-rise also includes all townhouses/rowhouses regardless of the number of floors or units, and all detached single family buildings.
For a Dwelling Form used to insure a
condominium unit, or for a Condominium Association Policy, see the Application section of
this manual.
B. Replacement Cost Value
For an RCBAP, use normal company practice to
estimate the Replacement Cost Value (RCV) and enter the value in the ?Building? section of the Application. Include the cost of the building
foundation when determining the RCV. Attach the appropriate valuation to the Application.
Acceptable documentation of a building's RCV is a recent property inspection report that states the building's value on an RCV basis. The cost of the building's foundation must be included in determining the RCV. The cost of bringing the building into compliance with local codes (law and ordinance) is not to be included in the calculation of the building's replacement cost. To maintain
reasonable accuracy of the RCV for the building,
the agent must update this information at least
every 3 years.
C. Coverage
Ensure that the ?Coverage and Rating? section of the Application accurately reflects the desired
amount of building and contents coverage.
If only building insurance is to be purchased, inform the applicant of the availability of contents insurance for contents that are commonly owned. It is recommended that the applicant initial the contents coverage section if no contents insurance is requested. (This will make the applicant aware that the policy will not provide payment for contents losses.)
1. Building
Enter the amount of insurance for building, Basic and Additional Limits. Enter full Basic Limits before entering any Additional Limits.
The building Basic Limit amount of
insurance for high-rise condominium
buildings is up to a maximum of $175,000.
The building Basic Limit amount of insurance
for low-rise condominium buildings is $60,000 multiplied by the number of units in
the building. The total amount of coverage desired on the entire building must not exceed $250,000 (Regular Program limit) times the total number of units (residential and non-residential) in the building.
2. Contents
Since the Program type must be Regular, enter the amount of insurance for contents,
Basic and Additional Limits. Enter full Basic Limits before any Additional Limits.
Contents coverage is only for those
contents items that are commonly owned. For the Basic Limits amount of insurance, up to a maximum of $25,000 may be filled in. For the Additional Limits, up to a total of $75,000 may be filled in. The total amount of insurance available for contents coverage cannot exceed $100,000.
D. Rates and Fees
1. To determine rates, see the RCBAP Rate Tables on the following pages. Enter the rate for building and for contents and compute the annual premium. If an optional deductible has been selected for building and/or contents, see page CONDO 22.
2. Enter the total premium for building and contents, adjusted for any premium change
because of an optional deductible being
selected. The total premium will be
calculated as if the building were one unit.
3. Add the total premium for building and
contents and enter the Annual Subtotal.
4. Add the ICC premium.
5. Calculate the CRS discount, if applicable.
6. Subtract the CRS discount, if applicable. 7. Add the $50.00 Probation Surcharge, if
applicable.
8. Add the Federal Policy Fee to determine the Total Prepaid Amount.
CONDO 10 May 1, 2010
CONTENTS
LOCATION
REGULAR PROGRAM PRE-FIRM1 REGULAR PROGRAM
POST-FIRM
A, A1-A30, AE, AO, AH, D V, VE A99, B, C, X A99, B, C, X D
Basement/Subgrade Crawlspace and above
.96/ .86 1.23/2.14 1.53/.56 1.53/.56
SUBMIT FOR
RATE Enclosure/Crawlspace
and above
.96/1.03 1.23/2.53 1.53/.65 1.53/.65
Lowest floor onlyabove
ground level .96/1.03 1.23/2.53 1.20/.59 1.20/.59 1.11/.70
Lowest floor
above ground level
and higher floors .96/ .71 1.23/2.23 1.20./.34 1.20/.34 1.11/.48
Above ground level
more than 1 full floor .35/.13 .47/.32 .35/.12 .35/.12 .35/.12
TABLE 3A. RCBAP HIGH-RISE CONDOMINIUM RATES
ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional)
BUILDING
BUILDING
TYPE
REGULAR PROGRAM PRE-FIRM1 REGULAR PROGRAM
POST-FIRM
A, A1-A30, AE, AO, AH, D V, VE A99, B, C, X A99, B, C, X D
No Basement/Enclosure .85/.21 1.08/ .51 1.06/.05 1.06/.05 1.16/.24
With Basement .90/.28 1.15/1.08 1.29/.07 1.29/.07 SUBMIT FOR
RATE With Enclosure .90/.21 1.15/ .53 1.12/.05 1.12/.05
Elevated on Crawlspace .85/.21 1.08/ .51 1.06/.05 1.06/.05 1.16/.24
Non-Elevatedwith
Subgrade Crawlspace
.85/.21 1.08/ .51 1.06/.05 1.06/.05 1.16/.24
CONTENTS
BUILDING—A1-A30, AE · POST-FIRM
ELEVATION
3 OR MORE FLOORS
NO BASEMENT/ENCLOSURE/CRAWLSPACE3
3 OR MORE FLOORS
WITH BSMNT/ENCL/CRAWLSPACE3
+4 .33/.03 .33/.03
+3 .35/.03 .34/.03
+2 .40/.03 .36/.03
+1 .72/.04 .53/.04
0 1.28/.05 1.15/.05
-12 5.26/.15 2.98/.12
-2 S U B M I T F O R R AT E
CONTENTS—A1-A30, AE · POST-FIRM
ELEVATION
LOWEST FLOOR
ONLY- ABOVE GROUND LEVEL
(NO BSMNT/ENCLOSURE/ CRAWLSPACE3)
LOWEST FLOOR
ABOVE GROUND LEVEL
AND HIGHER
(NO BSMNT/ENCL/
CRAWLSPACE3)
BASEMENT/
ENCLOSURE/
CRAWLSPACE3
AND ABOVE
ABOVE
GROUND LEVEL
MORE THAN
ONE FULL FLOOR
+4 .38/.12 .38/.12 .38/.12 .35/.12
+3 .38/.12 .38/.12 .38/.12 .35/.12
+2 .38/.12 .38/.12 .38/.12 .35/.12
+1 .52/.12 .38/.12 .38/.12 .35/.12
0 1.24/.12 .69/.12 .41/.12 .35/.12
-12 3.74/.75 2.11/.58 .60/.14 .35/.12
-2 S U B M I T F O R R AT E .35/.12
1Start of construction or substantial improvement on or before 12/31/74, or before the effective date of the initial Flood Insurance
Rate Map (FIRM). If FIRM Zone is unknown, use rates for Zones A, AE, AO, AH, D.
2Use Submit-for-Rate guidelines if either the enclosure below the lowest elevated floor of an elevated building or the crawlspace
(under-floor space) that has its interior floor within 2 feet below grade on all sides, which is used for rating, is 1 or more feet below
BFE.
3Includes subgrade crawlspace.
CONDO 13 May 1, 2010
TABLE 3D. RCBAP HIGH-RISE CONDOMINIUM RATES
ANNUAL RATES PER $100 OF COVERAGE
(Basic/Additional)
REGULAR PROGRAM – 1975-19811 POST-FIRM CONSTRUCTION2
FIRM ZONES V1-V30, VE – BUILDING RATES
ELEVATION OF LOWEST
FLOOR ABOVE OR BELOW
BFE
BUILDING TYPE
3 OR MORE FLOORS
NO BASEMENT/ENCLOSURE/
CRAWLSPACE5
3 OR MORE FLOORS WITH
BASEMENT/ENCLOSURE/
CRAWLSPACE5
03 2.76/.14 2.63/.14
-14 8.08/.58 4.24/.43
-2 *** ***
1975-1981 POST-FIRM CONSTRUCTION
FIRM ZONES V1-V30, VE – CONTENTS RATES
1
Policies for 1975 through 1981 Post-FIRM and Pre-FIRM buildings in Zones VE and V1-V30 will be allowed to use
the Post-‘81 V Zone rate table if the rates are more favorable to the insured. See instructions on page RATE
23 for V Zone Optional Rating.
2
For 1981 Post-FIRM construction rating, refer to pages CONDO 19-20.
3
These rates are to be used if the lowest floor of the building is at or above the BFE.
4
Use Submit-for-Rate guidelines if the enclosure below the lowest floor of an elevated building, which is used for rating, is 1 or more feet below BFE.
5
Includes subgrade crawlspace.
***SUBMIT FOR RATING.
REGULAR PROGRAM 1975-1981 POST-FIRM CONSTRUCTION
UNNUMBERED V ZONE – ELEVATED BUILDINGS
SUBMIT FOR RATING
ELEVATION OF LOWEST FLOOR
ABOVE OR
BELOW BFE
CONTENTS LOCATION
LOWEST FLOOR
ONLY-ABOVE
GROUND LEVEL (NO
BASEMENT/
ENCLOSURE/
CRAWLSPACE5)
LOWEST FLOOR
ABOVE GROUND LEVEL
AND HIGHER FLOORS (NO BASEMENT/ENCLOSURE/
CRAWLSPACE5)
BASEMENT/
ENCLOSURE/
CRAWLSPACE5
AND ABOVE
ABOVE GROUND
LEVEL-MORE
THAN ONE
FULL FLOOR
03 4.09/.57 2.68/.63 1.50/.70 .56/.26
-14 9.01/4.37 5.32/3.37 1.77/.70 .56/.26
-2 *** *** *** ***
CONDO 14 May 1, 2010
TABLE 4A. RCBAP LOW-RISE CONDOMINIUM RATES
(Including Townhouse/Rowhouse)
ANNUAL RATES PER $100 OF COVERAGE
(Basic/Additional)
REGULAR PROGRAM – PRE-FIRM CONSTRUCTION RATES1
F I R M Z O N E S: A, A1-A30, AE, AO, AH, D V, VE A99, B, C, X
BUILDING CONTENTS BUILDING CONTENTS BUILDING CONTENTS
BUILDING
TYPE
NO BASEMENT/ENCLOSURE .70/.54 .96/1.03 .93/1.45 1.23/2.69 .74/.21 1.20/.37
WITH BASEMENT .75/.67 .96/.86 1.00/2.52 1.23/2.53 .81/.30 1.36/.46
WITH ENCLOSURE .75/.79 .96/.89 1.00/2.74 1.23/2.75 .81/.34 1.36/.54
ELEVATED ON CRAWLSPACE .70/.54 .96/1.03 .93/1.45 1.23/2.69 .74/.21 1.20/.37
NON-ELEVATED WITH SUBGRADE CRAWLSPACE
.70/.54 .96/1.03 .93/1.45 1.23/2.69 .74/.21 1.20/.37
REGULAR PROGRAM – POST-FIRM CONSTRUCTION RATES
F I R M Z O N E S: A99, B, C, X D
BUILDING CONTENTS BUILDING CONTENTS
BUILDING
TYPE
NO BASEMENT/ENCLOSURE .74/.21 1.20/.37 1.03/.39 1.11/.70
WITH BASEMENT .81/.30 1.36/.46 *** ***
WITH ENCLOSURE .81/.34 1.36/.54 *** ***
ELEVATED ON CRAWLSPACE .74/.21 1.20/.37 1.03/.39 1.11/.70
NON-ELEVATED WITH SUBGRADE CRAWLSPACE
.74/.21 1.20/.37 1.03/.39 1.11/.70
F I R M Z O N E S: AO, AH (NO BASEMENT/ENCLOSURE/CRAWLSPACE BUILDINGS ONLY2)
BUILDING CONTENTS
WITH CERTIFICATION OF COMPLIANCE3 .21/.08 .38/.13
WITHOUT CERTIFICATION OF COMPLIANCE OR WITHOUT ELEVATION CERTIFICATE4
.86/.21 1.18/.24
1Start of construction or substantial improvement on or before 12/31/74, or before the effective date of the initial Flood
Insurance Rate Map (FIRM). If FIRM Zone is unknown, use rates for Zones A, AE, AO, AH, D.
2Zones AO, AH BUILDINGS WITH BASEMENT/ENCLOSURE/CRAWLSPACE/SUBGRADE CRAWLSPACE:
Submit for Rating.
3?With Certification of Compliance? rates are to be used when the Elevation Certificate shows that the lowest floor
elevation is equal to or greater than the community‘s elevation requirement.
4?Without Certification of Compliance? rates are to be used only on Post-FIRM structures without an Elevation Certificate or when the Elevation Certificate shows that the lowest floor elevation of a Post-FIRM structure is less than the community‘s elevation requirement.
***SUBMIT FOR RATING
CONDO 17 October 1, 2009
TABLE 4D. RCBAP LOW-RISE CONDOMINIUM RATES
(Including Townhouse/Rowhouse)
ANNUAL RATES PER $100 OF COVERAGE
(Basic/Additional)
AR AND AR DUAL ZONES REGULAR
PROGRAM – PRE-FIRM1,2 AND
POST-FIRM3 NOT ELEVATION-RATED RATES
BUILDING TYPE BUILDING CONTENTS
NO BASEMENT/ENCLOSURE .74/.21 1.20/.37
WITH BASEMENT .81/.30 1.36/.46
WITH ENCLOSURE .81/.34 1.36/.54
ELEVATED ON CRAWLSPACE .74/.21 1.20/.37
NON-ELEVATED WITH SUBGRADE CRAWLSPACE
.74/.21 1.20/.37
REGULAR PROGRAM –– PRE-FIRM AND POST-FIRM ELEVATION-RATED RATES
BUILDING RATES
ELEVATION OF LOWEST FLOOR ABOVE OR
BELOW BFE
BUILDING TYPE
ONE FLOOR
NO BASEMENT/ENCLOSURE/ CRAWLSPACE5
MORE THAN ONE FLOOR
NO BASEMENT/ENCLOSURE/ CRAWLSPACE5
MORE THAN ONE FLOOR WITH
BASEMENT/ENCLOSURE/ CRAWLSPACE5
+4 .18/.08 .18/.08 .18/.08
+3 .18/.08 .18/.08 .18/.08
+2 .27/.08 .18/.08 .18/.08
+1 .49/.08 .28/.08 .23/.08
0 .74/.21 .71/.09 .55/.09
-1
4 See Footnote
CONTENTS RATES
ELEVATION OF LOWEST FLOOR ABOVE OR
BELOW BFE
CONTENTS LOCATION
LOWEST FLOOR ONLY -
ABOVE GROUND LEVEL (NO BASEMENT/
ENCLOSURE/CRAWLSPACE5)
LOWEST FLOOR ABOVE
GROUND LEVEL AND
HIGHER FLOORS
(NO BASEMENT/ENCLOSURE/ CRAWLSPACE5)
BASEMENT/ENCLOSURE/
CRAWLSPACE5
AND ABOVE
ABOVE GROUND LEVELMORE
THAN ONE FULL FLOOR
+4 .38/.12 .38/.12 .38/.12 .35/.12
+3 .38/.12 .38/.12 .38/.12 .35/.12
+2 .38/.12 .38/.12 .38/.12 .35/.12
+1 .52/.12 .38/.12 .38/.12 .35/.12
0 1.24/.12 .69/.12 .41/.12 .35/.12
-1
4 See Footnote
1Start of construction or substantial improvement on or before 12/31/74, or before the effective date of the initial Flood
Insurance Rate Map (FIRM).
2Base deductible is $2,000.
3Base deductible is $1,000.
4Use Pre-FIRM Not Elevation-Rated AR and AR Dual Zones Rate Table above.
5Includes subgrade crawlspace.
CONDO 18 May 1, 2010
ELEVATION OF LOWEST FLOOR ABOVE OR
BELOW BFE
BUILDING TYPE
ONE FLOOR
NO BASEMENT/ENCLOSURE/ CRAWLSPACE5
MORE THAN ONE FLOOR NO
BASEMENT/ENCLOSURE/ CRAWLSPACE5
MORE THAN ONE FLOOR WITH
BASEMENT/ENCLOSURE/ CRAWLSPACE5
03 2.47/.46 1.98/.46 1.71/.46
-14 5.42/2.83 4.96/2.83 3.54/2.57
-2 *** *** ***
TABLE 4E. RCBAP LOW-RISE CONDOMINIUM RATES
(Including Townhouse/Rowhouse)
ANNUAL RATES PER $100 OF COVERAGE
(Basic/Additional)
REGULAR PROGRAM – 1975-19811 POST-FIRM CONSTRUCTION2
FIRM ZONES V1-V30, VE – BUILDING RATES
REGULAR PROGRAM – 1975-19811 POST-FIRM CONSTRUCTION
FIRM ZONES V1-V30, VE – CONTENTS RATES
ELEVATION OF LOWEST FLOOR ABOVE OR
BELOW BFE
CONTENTS LOCATION
LOWEST FLOOR ONLY -
ABOVE GROUND LEVEL (NO BASEMENT/ENCLOSURE/
CRAWLSPACE5)
LOWEST FLOOR ABOVE GROUND LEVEL AND HIGHER FLOORS (NO
BASEMENT/ENCLOSURE/ CRAWLSPACE5)
BASEMENT/ENCLOSURE/
CRAWLSPACE5
AND ABOVE
ABOVE GROUND LEVEL - MORE THAN
ONE FULL FLOOR
03 4.09/.57 2.68/.63 1.50/.70 .56/.26
-14 9.01/4.37 5.32/3.37 1.77/.70 .56/.26
-2 *** *** *** .56/.26
1Policies for 1975 through 1981 Post-FIRM and Pre-FIRM buildings in Zones VE and V1-V30 will be allowed to use the Post- ‘81 V Zone
rate table if the rates are more favorable to the insured. See instructions on page RATE 23 for V Zone Optional Rating.
2For 1981 Post-FIRMconstruction rating, refer to pages CONDO 19 and 20.
3These rates are to be used if the lowest floor of the building is at or above the BFE.
4Use Submit-for-Rate guidelines if the enclosure below the lowest floor of an elevated building, which is used for rating, is 1 or more
feet below BFE.
5Includes subgrade crawlspace.
***SUBMIT FOR RATING.
REGULAR PROGRAM – 1975-1981 POST-FIRM CONSTRUCTION
UNNUMBERED V ZONE – ELEVATED BUILDINGS
SUBMIT FOR RATING
CONDO 19 May 1, 2010
TABLE 5A. RCBAP HIGH-RISE AND LOW-RISE CONDOMINIUM RATES
(Including Townhouse/Rowhouse)
ANNUAL RATES PER $100 OF COVERAGE
1981 POST-FIRM V1-V30, VE ZONE RATES1
Elevated Buildings Free of Obstruction2 Below the
Beam Supporting the Building’s Lowest Floor
Elevation of the bottom of
the floor beam of the
lowest floor above or
below Base Flood
Elevation adjusted for wave height at building site3
Building
Rate
Contents
Rate
+4 or more .65 .53
+3 .79 .54
+2 1.03 .73
+1 1.58 1.25
0 2.02 1.87
- 1 2.68 2.59
- 2 3.52 3.53
- 3 4.54 4.78
-4 or lower *** ***
Rates above are only for elevated buildings. Use Specific Rating Guidelines
for non-elevated buildings.
1 Policies for 1975 through 1981 Post-FIRM and Pre-FIRM buildings in Zones VE and V1-V30 will be allowed to use
the Post-‘81 V Zone rate table if the rates are more favorable to the insured. See instructions on page RATE 23
for V Zone Optional Rating.
2 Free of Obstruction— The space below the lowest elevated floor must be completely free of obstructions or any
attachment to the building, or may have:
(1) Insect screening, provided that no additional supports are required for the screening; or
(2) Wooden or plastic lattice with at least 40 percent of its area open and made of material no thicker than ½ inch; or
(3) Wooden or plastic slats or shutters with at least 40 percent of their area open and made of material no
thicker than 1 inch.
Any of these systems must be designed and installed to collapse under stress without jeopardizing the structural support of the building, so that the impact on the building of abnormally high tides or wind-driven water is
minimized. Any machinery or equipment below the lowest elevated floor must be at or above the BFE. See page
RATE 20 for more details.
3 Wave height adjustment is not required in those cases where the Flood Insurance Rate Map indicates that the map
includes wave height.
***SUBMIT FOR RATING
CONDO 20 May 1, 2010
TABLE 5B. RCBAP HIGH-RISE AND LOW-RISE CONDOMINIUM RATES
(Including Townhouse/Rowhouse)
ANNUAL RATES PER $100 OF COVERAGE
1981 POST-FIRM V1-V30, VE ZONE RATES1,2
Elevated Buildings With Obstruction3 Below the
Beam Supporting the Building’s Lowest Floor
Elevation of the bottom of
the floor beam of the
lowest floor above or
below Base Flood Elevation adjusted for wave height at building site4
Building
Rate
Contents
Rate
+4 or more 1.16 .67
+3 1.29 .68
+2 1.53 .86
+1 2.06 1.38
0 2.51 2.00
-15 3.11 2.72
-25 3.95 3.66
-35 4.97 4.91
- 4 or lower5 *** ***
1
Policies for 1975 through 1981 Post-FIRM and Pre-FIRM buildings in Zones VE and V1-V30 will be allowed to use
the Post-‘81 V Zone rate table if the rates are more favorable to the insured. See instructions on page RATE 23 for
V Zone Optional Rating.
2Rates provided are only for elevated buildings, except those elevated on solid perimeter foundation walls. For
buildings elevated on solid perimeter foundation walls, and for non-elevated buildings, use the Specific Rating
Guidelines document.
3
With Obstruction—The space below has an area of less than 300 square feet with breakaway solid walls or contains equipment below the BFE. If the space below has an area of 300 square feet or more, or if any portion of the space
below the elevated floor is enclosed with non-breakaway walls, submit for rating. If the enclosure is at or above the
BFE, use the ?Free of Obstruction? rate table on the preceding page. The elevation of the bottom enclosure floor is the lowest floor for rating (LFE). See page RATE 20 for details.
4Wave height adjustment is not required in those cases where the Flood Insurance Rate Map indicates that the map
includes wave height.
5
For buildings with obstruction, use Submit-for-Rate guidelines if the enclosure below the lowest elevated floor of an elevated, which is used for rating, is 1 or more feet below BFE.
***SUBMIT FOR RATING.
TABLE 5C. RCBAP HIGH-RISE AND LOW-RISE BUILDING RATES
(Including Townhouse/Rowhouse)
ANNUAL RATES PER $100 OF COVERAGE
1981 POST-FIRM V ZONE RATES
SUBMIT FOR RATING
CONDO 23 October 1, 2009
X. CONDOMINIUM RATING EXAMPLES
TABLE OF CONTENTS
EXAMPLE PAGE
Example 1 Pre-FIRM, Low-rise, with Enclosure, Coinsurance Penalty, Zone A................ CONDO 24
Example 2 Pre-FIRM, Low-rise, No Basement/Enclosure, Zone AE ................................. CONDO 25
Example 3 Post-FIRM, Low-rise, Coinsurance Penalty, Zone AE ..................................... CONDO 26
Example 4 Post-FIRM, Low-rise, Standard Deductible, Zone AE ...................................... CONDO 27
Example 5 Pre-FIRM, High-rise, Standard Deductible, Coinsurance Penalty, Zone A ...... CONDO 28
Example 6 Pre-FIRM, High-rise, Basement, Maximum Discount, Zone AE....................... CONDO 29
Example 7 Post-FIRM, High-rise, Standard Deductible, Zone AE ..................................... CONDO 30
Example 8 Pre-FIRM, High-rise, Enclosure, Maximum Discount, Coinsurance
Penalty, Zone AE.............................................................................................. CONDO 31
CONDO 24 May 1, 2010
CONDOMINIUM RATING EXAMPLE 1
Pre-FIRM, Low-rise, with Enclosure, Coinsurance Penalty, Zone A
Regular Program
Building Coverage: $140,000
Contents Coverage: $100,000
Condominium Type: Low-rise
Flood Zone: A
Occupancy: Other Residential
# of Units: 6
Date of Construction: Pre-FIRM
Building Type: 3 Floors Including Enclosure
Deductible: $2,000/$2,000
Deductible Factor: 1.000
Replacement Cost: $600,000
Elevation Difference: N/A
80% Coinsurance Amount: $480,000
ICC Premium: $75 ($30,000 Coverage)
CRS Rating: N/A
CRS Discount: N/A
Determined Rates:
Building: .75/.79 Contents: .96/.89
COVERAGE
BASIC LIMITS
ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY)
DEDUCTIBLE
BASIC AND
ADDITIONAL
TOTAL
PREMIUM
AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL
PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
BUILDING 140,000 .75 1,050 0 .79 0 140,000 1,050
CONTENTS 25,000 .96 240 75,000 .89 668 100,000 908
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT
ANNUAL SUBTOTAL 1,958
MANUAL SUBMIT FOR RATING
OPTION:
ICC PREMIUM 75
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD SUBTOTAL 2,033
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER: CRS PREMIUM DISCOUNT %
MORTGAGE PORTFOLIO PROTECTION PROGRAM SUBTOTAL 2,033
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT PROBATION SURCHARGE
ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. FEDERAL POLICY FEE 200
SIGNATURE OF INSURANCE AGENT/BROKER DATE(MM/DD/YY) TOTAL PREPAID AMOUNT 2,233
Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $1,050 / Contents: $908
2. Apply Deductible Factor: Building: 1.000 x $1,050 = $1,050 / Contents: 1.000 x $908 = $908
3. Premium Reduction: Building: $0 / Contents: 0
4. Subtotal: 1,958
5. Add ICC Premium: $75
6. Subtract CRS Discount: N/A
7. Subtotal: 2,033
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $200
10. Total Prepaid Amount: $2,233
CLAIMS ADJUSTMENT WITH COINSURANCE PROVISION
Claim Payment is determined as follows:
(Insurance Carried) 140,000 x (Amount of Loss) 100,000 = (Limit of Recovery) 29,167 - Less Deductible
(Insurance Required) 480,000
(Coinsurance Penalty applies because minimum insurance amount of $480,000 was not met.)
CONDO 25 May 1, 2010
CONDOMINIUM RATING EXAMPLE 2
PRE-FIRM, LOW-RISE, NO BASEMENT/ENCLOSURE, ZONE AE
Regular Program
Building Coverage: $480,000
Contents Coverage: $50, 000
Condominium Type: Low-rise
Flood Zone: AE
Occupancy: Other Residential
# of Units: 6
Date of Construction: Pre-FIRM
Building Type: 1 Floor, No Basement
Deductible: $2,000/$2,000
Deductible Factor: 1.000
Replacement Cost: $600,000
Elevation Difference: N/A
80% Coinsurance Amount: $480,000
ICC Premium: $75 ($30,000 Coverage)
CRS Rating: N/A
CRS Discount: N/A
Determined Rates:
Building: .70/.54 Contents: .96/1.03
COVERAGE
BASIC LIMITS
ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY)
DEDUCTIBLE
BASIC AND
ADDITIONAL
TOTAL
PREMIUM
AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL
PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
BUILDING 360,000 .70 2,520 120,000 .54 648 480,000 3,168
CONTENTS 25,000 .96 240 25,000 1.03 258 50,000 498
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT
ANNUAL SUBTOTAL 3,666
MANUAL SUBMIT FOR RATING
OPTION:
ICC PREMIUM 75
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD SUBTOTAL 3,741
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER: CRS PREMIUM DISCOUNT %
MORTGAGE PORTFOLIO PROTECTION PROGRAM SUBTOTAL 3,741
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT PROBATION SURCHARGE
ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. FEDERAL POLICY FEE
200
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) TOTAL PREPAID AMOUNT 3,941
Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $3,168 / Contents: $540
2. Apply Deductible Factor: Building: 1.00 x $3,168 = $3,168 / Contents: 1.00 x $540 = $540
3. Premium Reduction: Building: $0 / Contents: $0
4. Subtotal: $3,666
5. Add ICC Premium: $75
6. Subtract CRS Discount: N/A
7. Subtotal: $3,741
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $200
10. Total Prepaid Amount: $3,941
CLAIMS ADJUSTMENT WITH COINSURANCE PROVISION
Coinsurance Penalty does not apply since minimum insurance amount of 80% was met.
CONDO 26 May 1, 2010
CONDOMINIUM RATING EXAMPLE 3
POST-FIRM, LOW-RISE, COINSURANCE PENALTY, ZONE AE
Regular Program
Building Coverage: $750,000
Contents Coverage: $100,000
Condominium Type: Low-rise
Flood Zone: AE
Occupancy: Other Residential
# of Units: 14
Date of Construction: Post-FIRM
Building Type: 2 Floors, No Basement/Enclosure
Deductible: $1,000/$1,000
Deductible Factor: 1.000
Replacement Cost: $1,120,000
Elevation Difference: +1
80% Coinsurance Amount: $896,000
ICC Premium: $6 ($30,000 Coverage)
CRS Rating: N/A
CRS Discount: N/A
Determined Rates:
Building: .28/.08 Contents: .38/.12
COVERAGE
BASIC LIMITS
ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY)
DEDUCTIBLE
BASIC AND
ADDITIONAL
TOTAL
PREMIUM
AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL
PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
BUILDING 750,000 .28 2,100 0 .08 0 0 750,000 2,100
CONTENTS 25,000 .38 95 75,000 .12 90 0 100,000 185
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT
ANNUAL SUBTOTAL 2,285
MANUAL SUBMIT FOR RATING
OPTION:
ICC PREMIUM 6
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD SUBTOTAL 2,291
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER: CRS PREMIUM DISCOUNT %
MORTGAGE PORTFOLIO PROTECTION PROGRAM SUBTOTAL 2,291
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT PROBATION SURCHARGE
ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. FEDERAL POLICY FEE 440
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) TOTAL PREPAID AMOUNT 2,731
Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $2,100 / Contents: $185
2. Apply Deductible Factor: Building: 1.000 x $2,100 = $2,100 / Contents: 1.000 x $185 = $185 3. Premium Reduction/Increase: Building: $0 / Contents: $0
4. Subtotal: $2,285
5. Add ICC Premium: $6
6. Subtract CRS Discount: N/A
7. Subtotal: $2,291
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $440
10. Total Prepaid Amount: $2,731
CLAIMS ADJUSTMENT WITH COINSURANCE PROVISION
Claim Payment is determined as follows:
(Insurance Carried) 750,000 x (Amount of Loss) 300,000 = (Limit of Recovery) 251,116 - Less Deductible
(Insurance Required) 896,000
(Coinsurance Penalty applies because minimum insurance amount of $896,000 was not met.)
CONDO 27 May 1, 2010
CONDOMINIUM RATING EXAMPLE 4
POST-FIRM, LOW-RISE, STANDARD DEDUCTIBLE, ZONE AE
Regular Program
Building Coverage: $600,000
Contents Coverage: $15,000
Condominium Type: Low-rise
Flood Zone: AE
Occupancy: Other Residential
# of Units: 6
Date of Construction: Post-FIRM
Building Type: 3 Floors, Townhouse, No Basement/Enclosure
Deductible: $1,000/$1,000
Deductible Factor: 1.000
Replacement Cost: $600,000
Elevation Difference: +2
80% Coinsurance Amount: $480,000
ICC Premium: $6 ($30,000 Coverage)
CRS Rating: N/A
CRS Discount: N/A
Determined Rates:
Building: .18/.08 Contents: .38/.12
COVERAGE
BASIC LIMITS
ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY)
DEDUCTIBLE
BASIC AND
ADDITIONAL
TOTAL
PREMIUM
AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL
PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
BUILDING 360,000 .18 648 240,000 .08 192 0 600,000 840
CONTENTS 15,000 .38 57 0 .12 0 0 15,000 57
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT
ANNUAL SUBTOTAL 897
MANUAL SUBMIT FOR RATING
OPTION:
ICC PREMIUM 6
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD SUBTOTAL 903
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER: CRS PREMIUM DISCOUNT %
MORTGAGE PORTFOLIO PROTECTION PROGRAM SUBTOTAL 903
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT PROBATION SURCHARGE
ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. FEDERAL POLICY FEE
200
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) TOTAL PREPAID AMOUNT 1,103
Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $840 / Contents: $57
2. Apply Deductible Factor: Building: 1.000 x $840 = $840 / Contents: 1.000 x $57 = $57
3. Premium Reduction/Increase: Building: $0 / Contents: $0
4. Subtotal: $897
5. Add ICC Premium: $6
6. Subtract CRS Discount: N/A
7. Subtotal: $903
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $200
10. Total Prepaid Amount: $1,103
CLAIMS ADJUSTMENT WITH COINSURANCE PROVISION
Coinsurance Penalty does not apply since the minimum insurance amount of 80% was met.
CONDO 28 May 1, 2010
CONDOMINIUM RATING EXAMPLE 5
PRE-FIRM, HIGH-RISE, STANDARD DEDUCTIBLE, COINSURANCE PENALTY, ZONE A
Regular Program
Building Coverage: $1,110,000
Contents Coverage: $100,000
Condominium Type: High-rise
Flood Zone: A
Occupancy: Other Residential
# of Units: 50
Date of Construction: Pre-FIRM
Building Type: 3 or More Floors, No Basement/Enclosure
Deductible: $2,000/$2,000
Deductible Factor: 1.000
Replacement Cost: $1,500,000
Elevation Difference: N/A
80% Coinsurance Amount: $1,200,000
ICC Premium: $75 ($30,000 Coverage)
CRS Rating: 5
CRS Discount: 25%
Determined Rates:
Building: .85/.21 Contents: .96/.71
COVERAGE
BASIC LIMITS
ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY)
DEDUCTIBLE
BASIC AND
ADDITIONAL
TOTAL
PREMIUM
AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL
PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
BUILDING 175,000 .85 1,488 935,000 .21 1,964 0 1,110,000 3,452
CONTENTS 25,000 .96 240 75,000 .71 533 0 100,000 773
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT
ANNUAL SUBTOTAL 4,225
MANUAL SUBMIT FOR RATING
OPTION:
ICC PREMIUM 75
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD SUBTOTAL 4,300
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER: CRS PREMIUM DISCOUNT 25% -1,075
MORTGAGE PORTFOLIO PROTECTION PROGRAM SUBTOTAL 3,225
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT PROBATION SURCHARGE
ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. FEDERAL POLICY FEE
840
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) TOTAL PREPAID AMOUNT 4,065
Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $3,452 / Contents: $773
2. Apply Deductible Factor: Building: 1.000 x $3,452 = $3,452 / Contents: 1.000 x $773 = $773
3. Premium Reduction/Increase: Building: $0 / Contents: $0
4. Subtotal: $4,225
5. Add ICC Premium: $75
6. Subtract CRS Discount: - $1,075 (25%)
7. Subtotal: $3,225
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $840
10. Total Prepaid Amount: $4,065
CLAIMS ADJUSTMENT WITH COINSURANCE PROVISION
Claim Payment is determined as follows:
(Insurance Carried) 1,110,000 x (Amount of Loss) 200,000 = (Limit of Recovery) 185,000 - Less Deductible
(Insurance Required) 1,200,000
(Coinsurance Penalty applies because minimum insurance amount of $1,200,000 was not met.)
CONDO 29 May 1, 2010
CONDOMINIUM RATING EXAMPLE 6
PRE-FIRM, HIGH-RISE, BASEMENT, MAXIMUM DISCOUNT, ZONE AE
Regular Program
Building Coverage: $3,000,000
Contents Coverage: $100,000
Condominium Type: High-rise
Flood Zone: AE
Occupancy: Other Residential
# of Units: 50
Date of Construction: Pre-FIRM
Building Type: 3 or More Floors, including Basement
Deductible: $5,000/$5,000 Deductible Factor: .940 (Maximum Total Discount of $221 applies)
Replacement Cost: $3,750,000
Elevation Difference: N/A
80% Coinsurance Amount: $3,000,000
ICC Premium: $75 ($30,000 Coverage)
CRS Rating: 8
CRS Discount: 10%
Determined Rates:
Building: .90/.28 Contents: .96/.86
COVERAGE
BASIC LIMITS
ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY)
DEDUCTIBLE
BASIC AND
ADDITIONAL
TOTAL
PREMIUM
AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL
PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
BUILDING 175,000 .90 1,575 2,825,000 .28 7,910 -221 3,000,000 9,264
CONTENTS 25,000 .96 240 75,000 .86 645 0 100,000 885
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT
ANNUAL SUBTOTAL 10,149
MANUAL SUBMIT FOR RATING
OPTION:
ICC PREMIUM 75
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD SUBTOTAL 10,224
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER: CRS PREMIUM DISCOUNT 10% -1,022
MORTGAGE PORTFOLIO PROTECTION PROGRAM SUBTOTAL 9,202
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT PROBATION SURCHARGE
ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. FEDERAL POLICY FEE 840
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) TOTAL PREPAID AMOUNT 10,042
Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $9,485 / Contents: $885
2. Apply Deductible Factor: Building: .940 x $9,485 = $8,916 / Contents: 1.000 x $885 = $885
3. Premium Reduction: Building: $221 (maximum discount since $9,485 - $8,916 = $569
exceeds the maximum) / Contents: $0
4. Subtotal: $10,149
5. Add ICC Premium: $75
6. Subtract CRS Discount: -$1,022 (10%)
7. Subtotal: $9,202
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $840
10. Total Prepaid Amount: $10,042
CLAIMS ADJUSTMENT WITH COINSURANCE PROVISION
Coinsurance Penalty does not apply since the minimum insurance amount of 80% was met.
NOTE: The NFIP accepts premium only in whole dollars. If the discount for an optional deductible does not result in
a whole dollar premium, round up if 50¢ or more; round down if less. Always submit gross premium.
CONDO 30 May 1, 2010
CONDOMINIUM RATING EXAMPLE 7
POST-FIRM, HIGH-RISE, STANDARD DEDUCTIBLE, ZONE AE
Regular Program
Building Coverage: $12,000,000
Contents Coverage: $15,000
Condominium Type: High-rise
Flood Zone: AE
Occupancy: Other Residential
# of Units: 100
Date of Construction: Post-FIRM
Building Type: 3 or More Floors, No Basement/Enclosure
Deductible: $1,000/$1,000
Deductible Factor: 1.000
Replacement Cost: $15,000,000
Elevation Difference: 0
80% Coinsurance Amount: $12,000,000
ICC Premium: $6 ($30,000 Coverage)
CRS Rating: 9
CRS Discount: 5%
Determined Rates:
Building: 1.28/.05 Contents: .69/.12
COVERAGE
BASIC LIMITS
ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY)
DEDUCTIBLE
BASIC AND
ADDITIONAL
TOTAL
PREMIUM
AMOUNT OF INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL
PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
BUILDING 175,000 1.28 2,240 11,825,000 .05 5,913 0 12,000,000 8,153
CONTENTS 15,000 .69 104 0 .12 0 0 15,000 104
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT
ANNUAL SUBTOTAL 8,257
MANUAL SUBMIT FOR RATING
OPTION:
ICC PREMIUM 6
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD SUBTOTAL 8,263
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER: CRS PREMIUM DISCOUNT 5% -413
MORTGAGE PORTFOLIO PROTECTION PROGRAM SUBTOTAL 7,850
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT PROBATION SURCHARGE
ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. FEDERAL POLICY FEE 840
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) TOTAL PREPAID AMOUNT 8,690
Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $8,153 / Contents: $104
2. Apply Deductible Factor: Building: 1.000 x $8,153 = $8,153 / Contents: 1.000 x $104 = $104
3. Premium Reduction/Increase: Building: $0 / Contents: $0
4. Subtotal: $8,257
5. Add ICC Premium: $6
6. Subtract CRS Discount: - $413 (5%)
7. Subtotal: $7,850
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $840
10. Total Prepaid Amount: $8,690
CLAIMS ADJUSTMENT WITH COINSURANCE PROVISION
Coinsurance Penalty does not apply since the minimum insurance amount of 80% was met.
NOTE: The NFIP accepts premium only in whole dollars. If the discount for an optional deductible does not result in
a whole dollar premium, round up if 50¢ or more; round down if less. Always submit gross premium.
CONDO 31 May 1, 2010
CONDOMINIUM RATING EXAMPLE 8
PRE-FIRM, HIGH-RISE, ENCLOSURE, MAXIMUM DISCOUNT, COINSURANCE PENALTY, ZONE AE
Regular Program
Building Coverage: $4,000,000
Contents Coverage: $100,000
Condominium Type: High-rise
Flood Zone: AE
Occupancy: Other Residential
# of Units: 200
Date of Construction: Pre-FIRM
Building Type: 3 or More Floors, Including Enclosure
Deductible: $3,000/$3,000
Deductible Factor: .980 (Maximum Total Discount of $111 applies)
Replacement Cost: $18,000,000
Elevation Difference: N/A
80% Coinsurance Amount: $14,400,000
ICC Premium: $75 ($30,000 Coverage)
CRS Rating: N/A
CRS Discount: N/A
Determined Rates:
Building: .90/.21 Contents: .96/1.03
COVERAGE
BASIC LIMITS
ADDITIONAL LIMITS
(REGULAR PROGRAM ONLY)
DEDUCTIBLE
BASIC AND
ADDITIONAL
TOTAL
PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL PREMIUM
AMOUNT OF
INSURANCE RATE
ANNUAL
PREMIUM
PREM.
REDUCTION/
INCREASE
TOTAL AMOUNT OF INSURANCE
BUILDING 175,000 .90 1,575 3,825,000 .21 8,033 -111 4,000,000 9,497
CONTENTS 25,000 .96 240 75,000 1.03 773 0 100,000 1,013
RATE TYPE: (ONE BUILDING PER POLICY BLANKET COVERAGE NOT PERMITTED) PAYMENT
ANNUAL SUBTOTAL 10,510
MANUAL SUBMIT FOR RATING
OPTION:
ICC PREMIUM 75
ALTERNATIVE V-ZONE RISK RATING FORM CREDIT CARD SUBTOTAL 10,585
PROVISIONAL RATING LEASED FEDERAL PROPERTY OTHER: CRS PREMIUM DISCOUNT %
MORTGAGE PORTFOLIO PROTECTION PROGRAM SUBTOTAL 10,585
THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT PROBATION SURCHARGE
ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. FEDERAL POLICY FEE 840
SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) TOTAL PREPAID AMOUNT 11,425
Premium Calculation:
1. Multiply Rate x $100 of Coverage: Building: $9,608 / Contents: $1,013
2. Apply Deductible Factor: Building: .980 x $9,608 = $9,416 / Contents: .980 x $1,013 = $993
3. Premium Reduction: Building: $111 (maximum discount since $9,608 - $9,416 = $192
exceeds the maximum) / Contents: $0
4. Subtotal: $10,510
5. Add ICC Premium: $75
6. Subtract CRS Discount: N/A
7. Subtotal: $10,585
8. Probation Surcharge: N/A
9. Add Federal Policy Fee: $840
10. Total Prepaid Amount: $11,425
CLAIMS ADJUSTMENT WITH COINSURANCE PROVISION
Claim Payment is determined as follows:
(Insurance Carried) 4,000,000 x (Amount of Loss) 1,000,000 = (Limit of Recovery) 277,778 - Less Deductible
(Insurance Required) 14,400,000
(Coinsurance Penalty applies because minimum insurance amount of $14,400,000 was not met.)

PRP 1 October 1, 2008
PREFERRED RISK POLICY
I. GENERAL DESCRIPTION
The Preferred Risk Policy (PRP) offers low-cost
coverage to owners and tenants of eligible buildings located in the moderate-risk B, C, and X Zones in NFIP Regular Program
communities.
For residential properties, the maximum
coverage combination is $250,000 building and $100,000 contents. Up to $100,000 contentsonly coverage is available.
For non-residential properties, the maximum coverage combination is $500,000 building and $500,000 contents. Up to $500,000 contentsonly coverage is available.
Only one building can be insured per policy, and
only one policy can be written on each building.
II. ELIGIBILITY REQUIREMENTS
A. Flood Zone
To be eligible for building/contents coverage or
contents-only coverage under the PRP, the building must be in a B, C, or X Zone on the effective date of the policy. However, for the purpose of determining the flood zone, the agent may use the FIRM in effect at the time of
application and presentment of premium. The flood map available at the time of the renewal offer determines a building’s continued eligibility for the PRP. (See V. RENEWAL.) NFIP map grandfathering rules do not apply to the PRP.
B. Occupancy
Combined building/contents amounts of insurance are available for owners of all eligible
occupancy types—one- to four-family properties (including individual condominium units in condominium buildings), other residential properties, and non-residential properties.
Contents-only coverage is available for tenants and owners of all eligible occupancies, except when contents are located entirely in a basement.
C. Loss History
A building's eligibility for the PRP is based on the preceding requirements and on the building’s flood loss history. If one of the following conditions exists within any 10-year
period, regardless of any change(s) in ownership of the building, then the building is not eligible for the PRP:
2 flood insurance claim payments, each more than $1,000; or
3 or more flood insurance claim payments, regardless of amount; or
2 Federal flood disaster relief payments (including loans and grants), each more than
$1,000; or
3 Federal flood disaster relief payments (including loans and grants), regardless of amount; or
1 flood insurance claim payment and 1 Federal flood disaster relief payment (including loans and grants), each more than
$1,000.
In reviewing a building’s flood loss history for PRP eligibility, be aware that:
A flood insurance claim payment (building and/or contents) and a Federal flood disaster relief payment (including loans and
grants) for the same loss are considered a single payment.
Federal flood disaster relief payments
(including loans and grants) are considered only if the building sustained flood damage.
THE PRP AT A GLANCE
COVERAGE TYPE
MAXIMUM LIMITS BY OCCUPANCY TYPE
1-4 Family Other Residential Non-Residential
Combined Building/
Contents
$250,000/
$100,000
$250,000/
$100,000
$500,000/
$500,000
Contents Only $100,000 $100,000 $500,000
PRP 2 May 1, 2010
III. INELIGIBILITY
Properties in Special Flood Hazard Areas or in Emergency Program communities are not
eligible for the PRP.
Multi-unit residential condominium buildings
eligible under the Residential Condominium Building Association Policy are not eligible
for the PRP.
Individual residential condominium units in
non-residential condominium buildings are not eligible for building coverage.
Individual non-residential condominium units are not eligible for building coverage.
Contents located entirely in a basement are not eligible for contents-only coverage. However, contents located entirely in an enclosure are eligible.
Condominium units are not eligible for Increased Cost of Compliance (ICC) coverage.
Buildings on Leased Federal Property
determined by the Administrator to be
located on the river-facing side of any dike,
levee, or other riverine flood control structure, or seaward of any seawall or other
coastal flood control structure are not eligible for the PRP.
IV. DOCUMENTATION
All Preferred Risk Policy new business
applications must include documentation of eligibility for the PRP. Such applications must be accompanied by one of the following: A Letter of Map Amendment (LOMA)
A Letter of Map Revision (LOMR)
A Letter of Determination Review (LODR)
A copy of the most recent flood map marked to show the exact location and flood zone of the building
A letter indicating the exact location and flood zone of the building, and signed and dated by a local community official
An Elevation Certificate indicating the exact
location and flood zone of the building, and signed and dated by a surveyor, engineer, architect, or local community official
A flood zone determination certification that
guarantees the accuracy of the information.
An agent writing through a Write Your Own (WYO) company should contact that company for guidance.
V. RENEWAL
An eligible risk renews automatically without submission of a new application. If, during a policy term, the risk fails to meet the eligibility
requirements, it cannot be renewed as a PRP. It
must be nonrenewed or rewritten as a standard
rated policy.
Effective May 1, 2008, if there has been a map change during the policy term that may affect
the insured property, proof of the property’s continued eligibility for the PRP must be provided for the policy to be renewed. See IV.
DOCUMENTATION.
VI. COVERAGE LIMITS
The elevated building coverage limitation provisions do not apply to the PRP.
VII. REPLACEMENT COST COVERAGE
Replacement cost coverage applies only if the
building is the principal residence of the insured and the building coverage chosen is at least 80 percent of the replacement cost of the building at the time of the loss, or the maximum coverage available under the NFIP.
VIII. DISCOUNTS/FEES/ICC PREMIUM
No Community Rating System discount is associated with the PRP.
The $50.00 Community Probation Surcharge is added, when applicable.
The Federal Policy Fee of $20.00 is included in the premium and is not subject to commission.
The ICC premium of $6.00 is included.
IX. DEDUCTIBLES
The standard deductible for PRPs is $1,000
each for building and contents, applied
separately. Optional deductibles are not available for PRPs.
For help in determining eligibility/ineligibility of various condominium risks, use the PRP Condominium Rating Chart on the next page.
PREFERRED RISK POLICY CONDOMINIUM RATING CHART
RESIDENTIAL SINGLE UNIT BUILDING OR TOWNHOUSE/ROWHOUSE TYPE BUILDING WITH SEPARATE ENTRANCE FOR EACH UNIT
PURCHASER OF POLICY Building Occupancy11 Condo Unit Indicator1
PRP Eligibility Rate Table2 Policy Form
UNIT OWNER SINGLE FAMILY Yes Yes One- to Four-Family Residential DWELLING
ASSOCIATION
(ASSOCIATION-OWNED
SINGLE UNIT ONLY)
SINGLE FAMILY Yes Yes One- to Four-Family Residential DWELLING
ASSOCIATION
(ENTIRE BUILDING) N/A N/A No N/A N/A
MULTI-UNIT RESIDENTIAL BUILDING 2 TO 4 UNITS PER BUILDING
PURCHASER OF POLICY Building Occupancy1 Condo Unit Indicator1
PRP Eligibility
Rate Table2 Policy Form
UNIT OWNER 2-4 Yes Yes One- to Four-Family Residential DWELLING
ASSOCIATION
(ASSOCIATION-OWNED
SINGLE UNIT ONLY)
2-4 Yes Yes One- to Four-Family-Residential DWELLING
ASSOCIATION
(ENTIRE BUILDING)
N/A N/A No N/A N/A
MULTI-UNIT RESIDENTIAL BUILDING 5 OR MORE UNITS PER BUILDING
PURCHASER OF POLICY Building Occupancy1 Condo Unit Indicator1
PRP Eligibility
Rate Table2 Policy Form
UNIT OWNER OTHER RESIDENTIAL Yes Yes Other Residential DWELLING
ASSOCIATION
(ASSOCIATION-OWNED
SINGLE UNIT ONLY)
OTHER RESIDENTIAL Yes Yes Other Residential DWELLING
ASSOCIATION
(ENTIRE BUILDING)
N/A N/A No N/A N/A
NON-RESIDENTIAL BUILDING
PURCHASER OF POLICY Building Occupancy1 Condo Unit Indicator1
PRP Eligibility
Rate Table2 Policy Form
UNIT OWNER NON-RESIDENTIAL
Yes
(BUILDING
COVERAGE NOT AVAILABLE,
ONLY CONTENTS)
Yes Non-Residential Contents Only GENERAL PROPERTY
UNIT OWNER SINGLE FAMILY
Yes
(BUILDING
COVERAGE NOT AVAILABLE,
ONLY CONTENTS)
Yes
One- to Four-Family Residential
or
Other Residential if 5 or more units
DWELLING
ASSOCIATION NON-RESIDENTIAL N/A Yes
Non-Residential Building and Contents
GENERAL PROPERTY
1When there is a mixture of residential and commercial usage within a single building, please refer to the GR Section of the Flood Insurance Manual.
2All building rates are based on the lowest floor of the building.
PRP 3 May 1, 2010
PRP 4 May 1, 2010
PRP COVERAGES AVAILABLE EFFECTIVE MAY 1, 2010
ONE- TO FOUR-FAMILY RESIDENTIAL
BUILDING AND CONTENTS COVERAGE COMBINATIONS1, 2, 3
With Basement or Enclosure5 Without Basement or Enclosure6
Building Contents Premium Building Contents Premium
$ 20,000 $ 8,000 $144 $ 20,000 $ 8,000 $119
$ 30,000 $ 12,000 $175 $ 30,000 $ 12,000 $150
$ 50,000 $ 20,000 $226 $ 50,000 $ 20,000 $201
$ 75,000 $ 30,000 $267 $ 75,000 $ 30,000 $237
$100,000 $ 40,000 $294 $100,000 $ 40,000 $264
$125,000 $ 50,000 $314 $125,000 $ 50,000 $284
$150,000 $ 60,000 $333 $150,000 $ 60,000 $303
$200,000 $ 80,000 $368 $200,000 $ 80,000 $333
$250,000 $100,000 $395 $250,000 $100,000 $355
ALL RESIDENTIAL CONTENTS-ONLY COVERAGE1, 2, 4
Contents Above Ground Level More Than One Floor All Other Locations (Basement-Only Not Eligible)
Contents Premium Contents Premium
$ 8,000 $ 39 $ 8,000 $ 58
$ 12,000 $ 55 $ 12,000 $ 82
$ 20,000 $ 86 $ 20,000 $118
$ 30,000 $100 $ 30,000 $137
$ 40,000 $112 $ 40,000 $154
$ 50,000 $124 $ 50,000 $171
$ 60,000 $136 $ 60,000 $188
$ 80,000 $160 $ 80,000 $208
$100,000 $184 $100,000 $228
OTHER RESIDENTIAL BUILDING AND CONTENTS COVERAGE COMBINATIONS1, 2, 3
With Basement or Enclosure5
Contents Coverage
$8,000 $12,000 $20,000 $30,000 $40,000 $50,000 $60,000 $80,000 $100,000
Building Coverage
$ 20,000 $158 $172 $185 $198 $210 $221 $232 $242 $252
$ 30,000 $172 $186 $199 $212 $224 $235 $246 $256 $266
$ 50,000 $206 $220 $233 $246 $258 $269 $280 $290 $300
$ 75,000 $222 $236 $249 $262 $274 $285 $296 $306 $316
$100,000 $244 $258 $271 $284 $296 $307 $318 $328 $338
$125,000 $251 $265 $278 $291 $303 $314 $325 $335 $345
$150,000 $256 $270 $283 $296 $308 $319 $330 $340 $350
$200,000 $287 $301 $314 $327 $339 $350 $361 $371 $381
$250,000 $304 $318 $331 $344 $356 $367 $378 $388 $398
OTHER RESIDENTIAL BUILDING AND CONTENTS COVERAGE COMBINATIONS1, 2, 3
Without Basement or Enclosure6
Contents Coverage
$8,000 $12,000 $20,000 $30,000 $40,000 $50,000 $60,000 $80,000 $100,000
Building Coverage
$ 20,000 $130 $142 $153 $164 $174 $184 $193 $202 $210
$ 30,000 $148 $159 $170 $181 $191 $201 $210 $219 $227
$ 50,000 $183 $194 $205 $216 $226 $236 $245 $254 $262
$ 75,000 $203 $214 $225 $235 $245 $255 $264 $273 $281
$100,000 $221 $232 $243 $253 $263 $273 $282 $291 $299
$125,000 $230 $241 $252 $262 $272 $281 $290 $299 $307
$150,000 $237 $248 $259 $269 $279 $288 $297 $306 $314
$200,000 $265 $276 $287 $297 $307 $316 $325 $333 $341
$250,000 $280 $291 $302 $312 $322 $331 $340 $348 $356
1Add the $50.00 Probation Surcharge, if applicable.
2Premium includes Federal Policy Fee of $20.00.
3Premium includes ICC premium of $6.00. Deduct this amount if the risk is a condominium unit.
4Use this ?All Residential Contents-Only Coverage? premium table for individual residential condominium unit contents-only policies.
5Do not use this section of the table for buildings with crawlspaces or subgrade crawlspaces. See footnote 6. 6Use this section of the table for buildings with crawlspaces or subgrade crawlspaces.
PRP 5 May 1, 2010
PRP COVERAGES AVAILABLE EFFECTIVE MAY 1, 2010 (cont’d.)
NON-RESIDENTIAL BUILDING AND CONTENTS COVERAGE COMBINATIONS1, 2, 3
With Basement or Enclosure4
Contents Coverage
$50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000
Building Coverage
$ 50,000 $ 887 $1,146 $1,394 $1,630 $1,855 $2,069 $2,272 $2,463 $2,643 $2,812
$100,000 $1,261 $1,520 $1,767 $2,003 $2,228 $2,442 $2,645 $2,836 $3,016 $3,185
$150,000 $1,536 $1,795 $2,042 $2,278 $2,503 $2,717 $2,920 $3,111 $3,291 $3,460
$200,000 $1,685 $1,944 $2,191 $2,427 $2,652 $2,866 $3,069 $3,260 $3,440 $3,609
$250,000 $1,790 $2,049 $2,296 $2,532 $2,757 $2,971 $3,174 $3,365 $3,545 $3,714
$300,000 $1,906 $2,165 $2,412 $2,648 $2,873 $3,087 $3,290 $3,481 $3,661 $3,830
$350,000 $2,034 $2,293 $2,540 $2,776 $3,001 $3,215 $3,417 $3,608 $3,788 $3,957
$400,000 $2,118 $2,377 $2,624 $2,860 $3,085 $3,299 $3,501 $3,692 $3,872 $4,041
$450,000 $2,214 $2,473 $2,720 $2,956 $3,181 $3,395 $3,597 $3,788 $3,968 $4,137
$500,000 $2,319 $2,578 $2,825 $3,061 $3,286 $3,500 $3,702 $3,893 $4,073 $4,242
NON-RESIDENTIAL BUILDING AND CONTENTS COVERAGE COMBINATIONS1, 2, 3
Without Basement or Enclosure5
Contents Coverage
$50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000
Building Coverage
$ 50,000 $ 557 $ 695 $ 827 $ 953 $1,073 $1,187 $1,295 $1,397 $1,493 $1,583
$100,000 $ 749 $ 887 $1,019 $1,145 $1,265 $1,379 $1,487 $1,589 $1,685 $1,775
$150,000 $ 892 $1,030 $1,162 $1,288 $1,408 $1,522 $1,630 $1,732 $1,828 $1,918
$200,000 $1,041 $1,179 $1,311 $1,437 $1,557 $1,671 $1,779 $1,881 $1,977 $2,067
$250,000 $1,141 $1,279 $1,411 $1,537 $1,657 $1,771 $1,879 $1,981 $2,077 $2,167
$300,000 $1,247 $1,385 $1,517 $1,643 $1,763 $1,877 $1,985 $2,087 $2,183 $2,273
$350,000 $1,304 $1,442 $1,574 $1,700 $1,820 $1,934 $2,042 $2,144 $2,240 $2,330
$400,000 $1,367 $1,505 $1,637 $1,763 $1,883 $1,997 $2,105 $2,207 $2,303 $2,393
$450,000 $1,436 $1,574 $1,706 $1,832 $1,952 $2,066 $2,174 $2,276 $2,372 $2,462
$500,000 $1,511 $1,649 $1,781 $1,907 $2,027 $2,141 $2,249 $2,351 $2,447 $2,537
NON-RESIDENTIAL CONTENTS-ONLY COVERAGE1, 2
Contents Above Ground Level More Than One Floor All Other Locations (Basement-Only Not Eligible)
Contents Premium Contents Premium
$ 50,000 $152 $ 50,000 $ 337
$100,000 $227 $100,000 $ 507
$150,000 $302 $150,000 $ 677
$200,000 $377 $200,000 $ 847
$250,000 $452 $250,000 $1,017
$300,000 $527 $300,000 $1,187
$350,000 $602 $350,000 $1,357
$400,000 $677 $400,000 $1,527
$450,000 $752 $450,000 $1,697
$500,000 $827 $500,000 $1,867
1Add the $50.00 Probation Surcharge, if applicable.
2Premium includes Federal Policy Fee of $20.00.
3Premium includes ICC premium of $6.00. Deduct this amount if the risk is a condominium unit.
4Do not use this section of the table for buildings with crawlspaces or subgrade crawlspaces. See footnote 5. 5Use this section of the table for buildings with crawlspaces or subgrade crawlspaces.
PRP 6 May 1, 2010
X. ENDORSEMENTS
The PRP may be endorsed to:
Increase coverage mid-term, subject to the coverage limits in effect when the policy was issued or renewed. See page END 5 for an example.
Correct misratings, such as incorrect
building description or community number.
XI. CONVERSION OF STANDARD RATED
POLICY TO PRP DUE TO MISRATING
A policy written as a Standard B, C, or X Zone policy and later found to be eligible for a PRP may be endorsed or rewritten as a PRP for only the current policy term.
When the risk has been rated with other than B, C, or X Zone rates, but is later found to be in a
B, C, or X Zone and eligible for a PRP, the writing company will be allowed to endorse or cancel/rewrite up to 6 years.
The policy may be canceled/rewritten using Cancellation Reason Code 22 if both of the following conditions are met:
The request to endorse or cancel/rewrite the
policy is received during the current policy term.
The policy has no open claim or closed paid claim on the policy term being canceled.
The new PRP building and/or contents coverage will be equal either to the building limit issued
under the Standard B, C, or X Zone policy or the next higher limit available under the PRP if there
is no PRP option equal to the Standard B, C, or
X Zone building limit. For a standard contentsonly policy, the contents coverage will be equal to the limit issued under the standard policy or the next higher limit. If building coverage is desired, the policy should be endorsed for building and contents coverage with a 30-day waiting period applied.
XII. CONVERSION OF STANDARD RATED POLICY TO PRP DUE TO MAP REVISION, LOMA, OR LOMR
A standard rated policy may be canceled and
rewritten as a PRP as a result of a map revision, LOMA, or LOMR if the effective date of the map change was on or after February 1, 2005.
The policy may be canceled/rewritten using Cancellation Reason Code 24 under the following conditions:
The request to cancel/rewrite the standard policy must be received during the policy term or within 6 months of the policy expiration date.
The standard policy has no open claim or
closed paid claim on the policy terms being canceled.
The property meets all other PRP eligibility requirements.
The building and/or contents coverage on the new PRP must be equal either to the building limit and/or contents limit issued under the standard policy, or to the next higher limit
available under the PRP if there is no PRP option equal to the standard policy building and/or contents limit.
XIII. CONVERSION OF PRP TO STANDARD
RATED POLICY
A Preferred Risk Policy must be canceled and rewritten to a standard rated policy if the risk no longer meets the PRP eligibility requirements.
The building and/or contents coverage on the new standard policy must be equal to the building limit and/or contents limit issued under the PRP. If new coverage is desired, the policy should be endorsed with a 30-day waiting period
applied.
XIV. COMPLETING THE FLOOD INSURANCE PREFERRED RISK POLICY APPLICATION
A. Policy Status
In the upper right corner of the form, check the appropriate box to indicate if the application is for a NEW policy or a RENEWAL of an existing policy. If the application is for a renewal, enter
the current NFIP policy number.
B. Policy Term
The PRP is available only for 1-year terms.
1. Check the appropriate box to indicate who should receive the renewal bill. If BILL FIRST MORTGAGEE is checked, complete "First Mortgagee" section. If BILL SECOND MORTGAGEE, BILL LOSS PAYEE, or BILL OTHER is checked, provide mailing instructions in "Second Mortgagee or Other" section.
PRP 7 October 1, 2009
2. Enter the policy effective date and policy expiration date (month-day-year). The
effective date of the policy is determined by adding the appropriate waiting period to the
date of application in the "Signature" section. Above these dates, check the appropriate
box to indicate whether the waiting period is STANDARD 30-DAY or LOAN
TRANSACTION–NO WAITING. Refer to the
General Rules section, pages GR 8-9, for the applicable waiting period.
C. Agent Information
Enter the agent's (producer's) name, agency name and number, address, city, state, ZIP Code, telephone number, fax number, and Tax I.D. Number.
D. Insured’s Mailing Address
1. Enter the name, mailing address, city, state, ZIP Code, and telephone number of
the insured.
2. If the insured's mailing address is a post office box or a rural route number, or if the address of the property to be insured is different from the mailing address, complete the "Property Location" section of the application.
E. Disaster Assistance
1. Check YES if flood insurance is being required for disaster assistance. Enter the insured's Case File Number, Disaster Assistance Number, or Tax I.D. Number on
the line for CASE FILE NUMBER.
2. In the "Second Mortgagee or Other" block, identify the government (disaster) agency, and enter the complete name and mailing address of the disaster agency.
3. If NO is checked, no other information is required.
F. First Mortgagee
Enter the name, mailing address, city, state, ZIP Code, telephone number, and fax number of the first mortgagee. Enter the loan number.
G. Second Mortgagee or Other
1. Identify additional mortgagees by checking the appropriate box and entering the loan
number, mortgagee's name, mailing address, telephone number, and fax number.
2. If more than one additional mortgagee or disaster assistance agency exists, provide the requested information on the producer's letterhead.
H. Property Location
1. Check YES if the location of the property being insured is the same as the address entered in the "Insured’s Mailing Address" section. Leave the rest of this section blank
unless there is more than one building at
the property location.
2. If more than one building is at the location
of the insured property, use this section to
specifically identify the building to be insured. Briefly describe the building or submit a sketch showing the location of insured buildings to assist the NFIP in matching the policy number to the specific building insured.
3. If NO, provide the address or location of the property to be insured.
4. If the insured's mailing address is a post office box or rural route number, give the street address, legal description, or
geographic location of the property.
I. Community
1. Enter the name of the county or parish
where the property is located.
2. Enter the community identification number, map panel number, and revision suffix for the community where the property is located. Use the FIRM in effect and that has been published at the time of
presentment of premium and completion of application. Community number and status may be obtained by calling the writing
company, consulting a local community official, or referencing the NFIP Community
Status Book online at
www.fema.gov/fema/csb.shtm.
3. Enter the Flood Insurance Rate Map zone.
4. Identify the information source.
5. Check YES if the building is located on federal land; otherwise, check NO.
NOTE: If the property is federally leased, refer to the Leased Federal Property Section for guidance.
PRP 8 May 1, 2010
J. Building and Contents
Complete all required information in this section.
1. Check building occupancy: Single Family, 2-4 Family, Other Residential, or Non-
Residential (incl. Hotel/Motel).
2. Enter date of construction.
3. Check building type. If the building has a
basement, enclosure, crawlspace, or
subgrade crawlspace, count the basement,
enclosure, crawlspace, or subgrade
crawlspace as a floor. If the building type is a manufactured (mobile) home/travel trailer
on foundation, enter the make, model, and
serial number in the block at the bottom of
this section.
4. Check YES, if the building is under a
Condominium Form of Ownership; otherwise check NO. (A homeowners association [HOA]
may differ from a condominium form of ownership.)
5. Check location of building’s contents.
(Contents located entirely in a basement
are not eligible for contents-only coverage.)
6. Check YES if the building is the insured's principal residence; otherwise, check NO.
7. Using normal company practice, estimate the replacement cost value and enter the
value in the space provided. Include the cost of the building foundation when determining the replacement cost value.
8. Indicate whether the building has a Basement, Enclosure, Crawlspace, or
Subgrade Crawlspace.
K. Notice
If the answer to either question A or question B is YES, this risk is not eligible for the Preferred Risk Policy.
L. Premium
1. Enter the coverage selected, and the premium, from the appropriate table on
pages PRP 4-5.
2. Add the $50.00 Probation Surcharge, if applicable. Deduct $6.00 if this is an application for a condominium unit.
M. Signature
The producer must sign the Preferred Risk Policy Application and is responsible for the completeness and accuracy of the information provided on it. Enter the date of application (month/day/year). The waiting period is added to this date to determine the policy effective date of the policy listed in the Policy Term section. A check or money order for the Total Prepaid Amount, payable to the NFIP, must accompany the application.
Electronics transactions are permitted if the business process includes authentication of signatures and dates of receipt of premium. WYO companies are responsible for determining the business practices and transaction authentication methods they will use to ensure
the security and integrity of such transactions.
A credit card payment by VISA, MasterCard, or American Express will also be acceptable if a disclaimer form, signed by the insured, is submitted with the Preferred Risk Policy Application. The disclaimer will state that cancellation of a policy due to a billing dispute will be permitted only for a billing error or fraud. If
the credit card information is taken over the telephone by the producer, the producer may sign the authorization form on behalf of the payor
only after having read the disclaimer to the payor.
IND 1 May 1, 2010
INDEX
A
ABOVE GROUND BUILDING, PRINCIPALLY...GR 3, DEF 7
ACT.......................................................REF 1, GR 7, DEF 1
ACTUAL CASH VALUE (ACV) ....................................DEF 1
ADDITIONS AND EXTENSIONS
(TO BUILDING) ............................................ GR 5, RATE 16
ADJUSTER CONTROL OFFICE ........................CL 3, DEF 1
ALTERNATIVE RATES ............... RATE 21, END 1-2, DEF 1
ANCHORED...................................................GR 3-4, DEF 1
APPLICATION...........................................GR 15, APP 1-12,
CONDO 8-9, PRP 7-10, DEF 1
Binder or Certificate of Insurance ..................GR 8, DEF 1
Flood Insurance Application Form ...................APP 11-12
Incomplete/Incorrect Applications............................APP 9
Mailing Instructions .................................GR 8, 14, APP 8
APPURTENANT STRUCTURE .........................GR 3, DEF 1
ASSESSMENT COVERAGE............GR 13, 14, CONDO 7-8
ASSIGNMENT OF POLICY..............GR 15, MPPP 6, DEF 1
B
BASE FLOOD..............................................................DEF 1
BASE FLOOD DEPTH.................................RATE 18, DEF 1
BASE FLOOD ELEVATION (BFE)........ GR 15, RATE 17-23,
MAP 2, 3, DEF 1
BASEMENT............... APP 1, 3, RATE 25, CERT 3-6, DEF 1
BINDER OR CERTIFICATE OF INSURANCE...GR 8, DEF 1
BLANKET INSURANCE ..............................................DEF 1
BOATHOUSES..............................................................GR 4
BREAKAWAY WALLS.......................GR 5, RATE 20, DEF 1
BUILDING ................................GR 3-7, 6-7, APP 3-4, DEF 1
Additions and Extensions ........................ GR 5, RATE 16
Building Coverage Limits.......................................RATE 1
Building in the Course of Construction...................GR 4-5,
APP 6, CONDO 6-7, DEF 2
Buildings in More Than One Flood Zone ................GR 14,
RATE 17
Building on Fill...........................................................PR 2
Building Over Water ..............................................GR 4, 7
Building Partially Underground ..................................GR 7
Container-Type Building............................................GR 7
Contents ......................GR 6, 7, 8, APP 4, RATE 1, 26-29
Elevated Building ................................... APP 1, 4, 5, 6, 8,
RATE 19-21, DEF 3
Floodproofed Building ......RATE 31-32, CERT 3-4, DEF 4
Manufactured (Mobile) Home/Travel Trailer ..........GR 3-4,
APP 1, 4, 5, 8, RATE 15, 16, PR 1, DEF 3, 5, 9
Section 1316.................................................GR 7, DEF 8
Single Building ..............................................GR 5, DEF 8
Start of Construction...........................RATE 15-16, DEF 9
Substantial Improvement........APP 5, RATE 15-16, DEF 9
Types of Buildings...................APP 1, 3-8, CONDO 6, 8-9
BUILDING DIAGRAMS 1-9..................LFG 4-7, CERT 23-25
BUILDING DRAWINGS.......................................... LFG 8-68
BUILDING OCCUPANCY...........................................GR 5-6
BUSINESS ANALYST, WYO.......................................REF 2
C
CANCELLATION/NULLIFICATION...........CONDO 8, PRP 6,
MPPP 6, CN 1-11, DEF 2, 6
Cancellation/Nullification Request Form.............CN 10-11
Form Completion.......................................................CN 8
Processing Outcomes Table .....................................CN 9
Valid Reason Codes for Cancellation/Nullification ..CN 1-7
Refunds .................................................................CN 1-8
CERTIFICATIONS............................................... CERT 1-42
CISTERNS.................................................... GR 4, 6, DEF 2
CLAIMS ......................................................................CL 1-5
Appealing a Claim...................................................CL 1-3
Filing a Claim.............................................................CL 1
Increased Cost of Compliance (ICC) Claims...........CL 4-5
Insured's Responsibilities........................................CL 1-3
Producer's Responsibilities .....................................CL 3,4
Single Adjuster Program.............................CL 3-4, DEF 8
Training .....................................................................CL 4
CLAIMS COORDINATING OFFICE (CCO) ........CL 4, DEF 2
CLOSED BASIN LAKE...................................... CN 7, DEF 2
COASTAL BARRIER .................................................. DEF 2
COASTAL BARRIER RESOURCES
SYSTEM (CBRS) ....................................CBRS 1-12, DEF 2
Coastal Barrier Improvement Act of 1990 (CBIA) .......................................CBRS 1, DEF 2
Coastal Barrier Resources Act
of 1982 (CBRA)..........................GR 1, CBRS 1, DEF 2
List of CBRS Communities...............................CBRS 3-12
COASTAL HIGH HAZARD AREA .......... RATE 30-31, DEF 2
COINSURANCE ....................................... CONDO 7, DEF 2
COMMERCIAL CONTENTS ....................... GR 6, CONDO 2
COMMISSION, PRODUCER’S ....... GR 15, CONDO 8, CN 8
COMMON INTERIOR WALLS ......................................GR 5
COMMUNITY (See also PROBATION and
SUSPENSION) .................................. GR 1, APP 2-3, DEF 2
Community Eligibility.................................................GR 1
Community Number.....................................APP 3, DEF 2
Community Status .................................................. APP 3
Non-Participating Community ....................... GR 1, APP 3
Participating Community............................... GR 1, DEF 7
Regular Program Community.................................. DEF 8
COMMUNITY RATING SYSTEM (CRS) .................... APP 7,
CRS 1-28, DEF 2
CONDOMINIUM ASSOCIATION............ CONDO 1-2, DEF 2
CONDOMINIUMS ................................ CONDO 1-31, DEF 2
CONSTRUCTION DATA.......................................... APP 5-6
CONTACT INFORMATION, NFIP............................ REF 3-6
CONTENTS..................... GR 6, 7, 8, APP 4, RATE 1, 26-29
CONTINUOUS LAKE FLOODING................................. CN 7
CONTRACT AGENT.................................... GR 15, DEF 2-3
COOPERATIVES..........................................................GR 6
COUNTYWIDE MAP.......................................MAP 1, DEF 3
COURSE OF CONSTRUCTION ................... GR 4-5, APP 5, CONDO 6-7, DEF 2
COVERAGE.................GR 11-14, RATE 1-11, CONDO 7- 9,
PRP 1, 4-5, MPPP 3-4, END 1
Additional Coverage or Increase in Coverage .........END 1
Amount of Insurance Available .............................RATE 1
Building Coverage ...........................GR 3-6, 6-7, RATE 1,
CONDO 9, PRP 1, 5-6
Contents Coverage....................GR 7, 8, APP 4, RATE 1,
CONDO 9, PRP 1, 4-5
Contents-Only Coverage .................RATE 57, PRP 1, 4-5
Limits of Coverage...................................GR 12, RATE 1,
CONDO 7, 9, PRP 1, 4-5, MPPP 3-4
Reduction or Reformation/Removal
of Insurance............... GR 12-13, END 1, MPPP 5, PR 1
CRAWLSPACE....RATE 25, LFG 2, CERT 2, CONDO 10-18
CREDIT CARD PAYMENT.............APP 7, REN 2, 8, MAP 4
CREDIT CARD PAYMENT FORM.......................... REN 2, 8
D
DATE OF CONSTRUCTION.................. APP 5, RATE 15-16
DEF 3
DECLARATIONS PAGE ........................... MPPP 4-5, DEF 3
DEDUCTIBLE BUYBACK ........................... RATE 12, DEF 3
DEDUCTIBLE FACTORS ................... RATE 13, CONDO 22
IND 2 May 1, 2010
DEDUCTIBLES ..............................GR 12, RATE 12, 13, 17,
CONDO 8, 22, PRP 2, MPPP 5, END 2
DEFINITIONS.........................................................DEF 1-10
DESCRIBED LOCATION.............................................DEF 3
DIAGRAM NUMBER ...................................................DEF 3
DIRECT PHYSICAL LOSS BY OR FROM FLOOD......DEF 3
DIRECT PROGRAM...................................REF 2, 3, GR 15,
APP 8, CONDO 7
DISASTER ASSISTANCE .................GR 3, APP 2, PRP 1, 7
DOUBLEWIDE MANUFACTURED (MOBILE)
HOME ...........................................................APP 1, DEF 3
DUPLICATE POLICIES.............................................CN 2, 5
DWELLING .................................................................DEF 3
DWELLING FORM (See also STANDARD FLOOD
INSURANCE POLICY) .....GR 1, 2, CONDO 8, POL 1, 2-21
E
EFFECTIVE DATE ...................................... GR 8-12, REN 2
ELEVATED BUILDING (See also LOWEST FLOOR GUIDE) ...
APP 1, 3, 4, 5, 6, 8, RATE 19-21, DEF 3
ELEVATION CERTIFICATE ...............APP 5-6, LFG 2A, 3-7,
CERT 1-3, 11-42
ELEVATION DIFFERENCE..........................RATE 17-19, 31
ELIGIBLE BUILDINGS .............................GR 3-6, CONDO 6
ELIGIBLE COMMUNITY (See PARTICIPATING
COMMUNITY)
ELIGIBLE CONTENTS..................................................GR 6
EMERGENCY PROGRAM..................GR 1, RATE 1, DEF 3
ENCLOSURE/ENCLOSED AREA (See also LOWEST
FLOOR GUIDE)...............................APP 1, 3, RATE 19-20,
LFG 1-2A, 3, 5, 7, DEF 3
ENDORSEMENT......................................GR 11, CONDO 8,
PRP 6, MPPP 6, END 1-13, PR 1
Endorsement Processing Prior to Policy Renewal ...END 2-3
Endorsement Rules: Changing Deductibles ............END 2
Endorsement Rules: Conversion of Standard Rated
Policy to PRP Due to Misrating or Map Revision ...END 2
Endorsement Rules: Correcting Property Address...END 2
Endorsement Rules: Coverage Endorsements ........END 1
Endorsement Rules: Misrated Policy .......................END 2
Endorsement Rules: Rating Endorsements ......... END 1-2
Endorsements During Renewal Cycle .....................REN 2
General Change Endorsement Form............... END 13-14
Preparation of Form ............................................ END 3-4
Rating Examples ............................................... END 5-12
Refund Processing.............................................. END 3-4
ENGINEERED OPENINGS (See PROPER OPENINGS)
EQUIPMENT (See MACHINERY AND EQUIPMENT)
EROSION....................................................................DEF 3
ERRORS, RATING.................................................. END 1-2
EVIDENCE OF INSURANCE.........................................GR 8
EXPENSE CONSTANT ...............................................DEF 3
F
FEDERAL LAND ...........................................................GR 1
FEDERAL POLICY FEE.....RATE 12, 17, CONDO 8, PRP 2,
MPPP 5, DEF 3
FEMA ..........................................................REF 1, SRL 1-2,
DEF 1, 2, 3, 4, 5, 6, 7, 9, 10
FHBM (See FLOOD HAZARD BOUNDARY MAP)
FICO (See FLOOD INSURANCE CLAIMS OFFICE)
FINANCIAL ASSISTANCE/SUBSIDY ARRANGEMENT....................................MPPP 2, 6, DEF 3
FINISHED (HABITABLE) AREA ..................................DEF 3
FINISHED BASEMENT ...............................................APP 1
FIRM (See FLOOD INSURANCE RATE MAP)
FIRM ZONES ............................................................. MAP 2
FLOOD........................................................................DEF 4
FLOOD DISASTER PROTECTION
ACT OF 1973 .....................................................MPPP 1, 3
FLOOD HAZARD BOUNDARY MAP (FHBM) .............. GR 1,
MAP 1, 2, 4-6, 8, DEF 4
FLOOD INSURANCE CLAIMS OFFICE (FICO) ............CL 3,
DEF 4
FLOOD INSURANCE RATE MAP (FIRM) .................... GR 1,
CERT 2, MAP 1, 3, 4-6, 7, DEF 4
FLOOD MAP “GRANDFATHERING” ................RATE 22-23,
PRP 1, DEF 4
FLOOD MAPS ...............................................GR 1, MAP 1-8
Changing or Correcting a Flood Map ......................MAP 3
Countywide Map.........................................MAP 1, DEF 3
FEMA Map Assistance Center ................................MAP 3
FEMA Map Service Center .....................REF 4, MAP 4, 5
“FIRMettes” ............................................................MAP 4
General Rule of Rating ....................................... RATE 22
Letter of Map Amendment (LOMA) ...................... CN 6-7,
.................................................................. MAP 3, DEF 5
Letter of Map Revision (LOMR) ........................... CN 6-7,
...................................................................MAP 3, DEF 5
Locating a Specific Property ................................MAP 2-3
Map "Grandfather" Rules .......RATE 22-23, PRP 1, DEF 4
Map Panel Number ................................................MAP 1
Map Revision........................ PRP 2, 6, END 2, CN 3, 5-7,
MAP 3, 4, DEF 6
Map Zones (Flood Zones) ......................................MAP 2
Ordering Information and Prices ......................MAP 4, 5-6
Physical Map Revision ..........................................MAP 3
FLOOD RESPONSE OFFICE (FRO) .......................... DEF 4
FLOOD VENTS (See PROPER OPENINGS)
FLOODPLAIN............................................................. DEF 4
FLOODPLAIN MANAGEMENT................................... DEF 4
FLOODPROOFING.APP 6, RATE 31-32, CERT 3-10, DEF 4
FLOODPROOFING CERTIFICATE FOR
NON-RESIDENTIAL STRUCTURES..................CERT 9-10
FLOODPROOFING CERTIFICATE,
RESIDENTIAL BASEMENT .................................CERT 7-8
FORCED PLACEMENT (MANDATORY PURCHASE) ..........
GR 2, MPPP 2, CN 3, DEF 5
FREEBOARD.............................................................. DEF 4
G
GARAGES........................................................ GR 3, LFG 1
GENERAL CHANGE ENDORSEMENT
(See ENDORSEMENT)
GENERAL PROPERTY FORM (See also STANDARD
FLOOD INSURANCE POLICY)........ GR 1, 2, POL 1, 22-40
GENERAL RULE OF RATING................................ RATE 22
GENERAL RULES...................................................GR 1-15
GRADE ELEVATION .................................................. DEF 4
“GRANDFATHERING” (See FLOOD MAP
“GRANDFATHERING”) GROUP FLOOD INSURANCE ......................... GR 3, DEF 4
H
HABITABLE AREA (See FINISHED AREA)
HISTORIC BUILDING..............................RATE 15, DEF 4-5
HIGH-RISE BUILDING.............................. CONDO 6, DEF 4
HOMELAND SECURITY, U.S. DEPARTMENT OF ...REF 1, DEF 3
I
ICC (See INCREASED COST OF COMPLIANCE)
IMPROVEMENTS AND BETTERMENTS ....... GR 14, DEF 5
INCIDENTAL OCCUPANCY ......................................GR 5-6
INCREASED COST OF COMPLIANCE (ICC)
COVERAGE................... GR 12, RATE 14, 17, CONDO 21,
MPPP 1, CL 4-5, DEF 5
INELIGIBLE COMMUNITY (See NON-PARTICIPATING
COMMUNITY)
INELIGIBLE PROPERTY...........................................GR 7-8
INFLATION FACTOR.................................GR 11-12, REN 1
IND 3 May 1, 2010
INSECT SCREENING (BELOW LOWEST ELEVATED FLOOR).........................................RATE 7, 20, CONDO 19
INSURANCE PRODUCTS, NFIP................................GR 2-3
L
LAPSE IN COVERAGE ........................................... REN 1-2
LATTICE (BELOW LOWEST ELEVATED FLOOR) ...............
RATE 7, 20, 48, CONDO 19
LETTER OF DETERMINATION REVIEW (LODR).................
CN 5, DEF 5
LETTER OF MAP AMENDMENT (LOMA)............ PRP 6, END 2, CN 1, 5-6, 7, MAP 3, DEF 5
LETTER OF MAP REVISION (LOMR)................... PRP 6, END 2, CN 6, 7, MAP 3, DEF 5
LOSS ASSESSMENT COVERAGE........GR 13, CONDO 7-8
LOSS HISTORY..............................................PRP 1, SRL 1
LOSS IN PROGRESS .................................................DEF 5
LOWEST ADJACENT GRADE ....................................DEF 5
LOWEST FLOOR......APP 6, RATE 17-23, LFG 1-68, DEF 5
Building Diagrams 1-9.....................LFG 4-7, CERT 23-25
Building Drawings ............................................. LFG 8-68
Lowest Floor Determination..................................LFG 1-7
Lowest Floor Elevation ...........APP 6, RATE 16-21, DEF 5
Use of Elevation Certificate ...................................LFG 2A
LOWEST FLOOR GUIDE....................................... LFG 1-68
LOW-RISE BUILDING ...........................CONDO 6,9, DEF 5
LEASED FEDERAL PROPERTY......................APP 3, GR 1,
LFP 1-6, PRP 2
M
MACHINERY AND EQUIPMENT.......................RATE 19-20,
LFG 1, 2, CERT 3
MANDATORY PURCHASE (FORCED PLACEMENT)...........
GR 2, MPPP 2, CN 3, DEF 5
MANUFACTURED (MOBILE) HOMES/
TRAVEL TRAILERS ..................GR 3-4, APP 1, 4, 8, PR 1,
DEF 3, 5, 9
Date of Construction................................APP 5, RATE 15
Doublewide .................................................APP 1, DEF 3
MANUFACTURED (MOBILE) HOME PARK OR
SUBDIVISION .......................................................DEF 5- 6
MAP “GRANDFATHERING” (See FLOOD MAP “GRANDFATHERING”)
MAPS (See FLOOD MAPS)
MEAN SEA LEVEL (See NATIONAL GEODETIC
VERTICAL DATUM [NGVD])
MISCELLANEOUS RULES .........................................GR 15
Application Submission ...........................................GR 15
Assignment of Policy...............................................GR 15
Commission, Producer’s..........................................GR 15
Contract Agent Rule ................................................GR 15
Delivery of Policy.....................................................GR 15
Policy Term.............................................................GR 15
MITIGATION, SEVERE REPETITIVE LOSS.............SRL 1-2
MODULAR BUILDING.................................................DEF 6
MORTGAGE PORTFOLIO PROTECTION
PROGRAM (MPPP).......................GR 2, MPPP 1-6, DEF 6
MORTGAGEE .. APP 2, RATE 17, PRP 7, MPPP 1-6, REN 1
MUDFLOW..................................................................DEF 6
MULTI-FAMILY RESIDENCE (DWELLING) (See 2-4 FAMILY RESIDENCE [DWELLING])
MULTI-PROPERTY LETTER OF MAP AMENDMENT
(LOMA) OR LETTER OF MAP REVISION (LOMR) .....CN 6
N
NATIONAL FLOOD INSURANCE ACT OF 1968 (See ACT)
NATIONAL FLOOD INSURANCE PROGRAM (NFIP) ...........
REF 1, DEF 6
NATIONAL GEODETIC VERTICAL DATUM (NGVD)............
LFG 2A, CERT 2, DEF 6
NATURAL GRADE...................................................... DEF 6
NEW CONSTRUCTION.............................................. DEF 6
NFIP BUREAU AND STATISTICAL AGENT ....... REF 2, 5-6,
SRL 1, DEF 6
NFIP CONTACT INFORMATION............................. REF 3-6
NFIP SERVICING AGENT ...............REF 2, 3, SRL 1, DEF 6
NFIP SPECIAL DIRECT FACILITY (SDF).................. REF 2,
SRL 1-2, DEF 6
NON-PARTICIPATING COMMUNITY...........................GR 1
NON-PAYMENT ........................................................ CN 2-3
NON-RESIDENTIAL .................... GR 6-8, CONDO 2, DEF 6
NORTH AMERICAN VERTICAL DATUM (NAVD).…LFG 2A,
CERT 2, DEF 6
NOTICE OF LOSS.........................................................CL 1
NULLIFICATION (See CANCELLATION/NULLIFICATION)
O
OCCUPANCY CLASSIFICATION.................. GR 5-6, APP 3
OTHER INSURANCE .....................................MPPP 6, CN 2
OTHER RESIDENTIAL ..................................... GR 6, DEF 6
OTHERWISE PROTECTED AREAS......................CBRS 1-2
OUT-AS-SHOWN DETERMINATION....CN 3, MAP 3, DEF 7
OVER WATER.......................................................... GR 4, 7
P
PAPERWORK BURDEN DISCLOSURE NOTICE .................................................................... REF 7
PARTICIPATING COMMUNITY........................ GR 1, DEF 7
PHOTOGRAPH REQUIREMENTS (FOR ELEVATION
CERTIFICATE) ....................................................CERT 1-2
PHYSICAL MAP REVISION (PMR).............................MAP 3
POLICIES AVAILABLE ..............................................GR 1-2
POLICY....................................................................... DEF 7
POLICY RENEWALS........GR 11, PRP 2, MPPP 5, REN 1-8
Credit Card Payment Form................................. REN 1, 8
Endorsements During Renewal Cycle.....................REN 2
Expiration Notice to Mortgagee...............................REN 1
Final Notice .................................................REN 2, 3, 6-7
Insufficient Renewal Information .............................REN 2
Renewal Effective Date Determination....................REN 2
Renewal Notice ....................................... REN 1, 2, 3, 4-8
Severe Repetitive Loss Policies............. REN 2, SRL 1-13
Waiting Period .................................................... REN 1, 2
POLICY TERM.................. GR 15, APP 1-2, PRP 7, MPPP 3
POLLUTANTS ............................................................ DEF 7
PONDING HAZARD.................................................... DEF 7
POST-FIRM BUILDING
(CONSTRUCTION)..........................RATE 19, 20, 24, DEF 7
PRE-FIRM BUILDING (CONSTRUCTION)..........................RATE 19, 23, 25, DEF 7
PREFERRED RISK POLICY (PRP) ............................. GR 2,
PRP 1-10, DEF 7
Completing PRP Application Form....................... PRP 6-8
Condominium Rating Chart..................................... PRP 3
Conversion of PRP to Standard Rated Policy ......... PRP 6
Conversion of Standard Rated Policy to PRP Due to
Map Revision, LOMA, or LOMR............................ PRP 6
Conversion of Standard Rated Policy to PRP Due to
Misrating............................................................... PRP 6
Coverage Limits................................................... PRP 1-2
Coverage/Premium Tables .................................. PRP 4-5
Deductibles............................................................. PRP 2
Discounts/Fees/ICC Premium................................. PRP 2
Documentation ....................................................... PRP 2
Eligibility Requirements....................................... PRP 1, 2
Endorsements ........................................................ PRP 6
General Description ................................................ PRP 1
Ineligibility............................................................... PRP 2
PRP Application Form ............................................ PRP 9
Renewal ................................................................. PRP 2
Replacement Cost Coverage.................................. PRP 2
IND 4 May 1, 2010
PREMIUM ..........................................................RATE 16-20
Credit Card Payment...........................APP 7, 9, REN 2, 8
Credit Card Payment Form..................................REN 2, 8
Premium Calculation ......................................RATE 16-17
Premium Discounts .................................APP 6, 7, CRS 1
Premium Payment.........................APP 7, 9, RATE 16-17,
CONDO 9, PRP 8, MPPP 4, REN 1-2
Prepaid Amount (Total) ...........................................DEF 7
Prepaid Premium (Total) .........................................DEF 7
Presentment of Payment (Premium)...........GR 8-9, DEF 7
Refunds .......................................... END 1-2, 3-4, CN 1-6
PREPAID AMOUNT (TOTAL) .....................................DEF 7
PREPAID PREMIUM (TOTAL) ...................................DEF 7
PRESENTMENT OF PAYMENT (PREMIUM) GR 8-9, DEF 7
PRINCIPAL RESIDENCE............................................DEF 7
PRINCIPALLY ABOVE GROUND BUILDING..............DEF 7
PROBATION .....................................................GR 1, DEF 7
PROBATION SURCHARGE..............GR 1, RATE 12, DEF 7
PROOF OF INSURANCE..............................................GR 8
PROOF OF LOSS ......................................................CL 1, 2
PROPER OPENINGS (FLOOD VENTS)....LFG 1-2A, 3, 5, 7,
DEF 7
PROPERTY LOCATION......................APP 2, PRP 7, END 3
PROPERTY REMOVED TO SAFETY EXPENSE........DEF 7
PROVISIONAL RATING.....................GR 14, PR 1-5, DEF 7
Completing the Provisional Rating Questionnaire:
General Directions...................................................PR 2
Completing the Provisional Rating Questionnaire:
Guidance for Determining Building Elevated on Fill ....PR 2
Eligibility Requirements .............................................PR 1
General Description...................................................PR 1
Notification Requirements .........................................PR 1
Provisional Rating Example.......................................PR 4
Provisional Rating Questionnaire ..............................PR 3
Reformation: Endorsement Procedure ......................PR 1
Reformation: Endorsement Alternative ......................PR 1
Reformation: Limitations............................................PR 1
Sample Notice to Accompany
Provisionally Rated Policies ....................................PR 5
R
RATE TABLES .....................RATE 1-14, 33, CONDO 10-22,
PRP 4-5, MPPP 1, PR 3, CRS 1
RATING........................... GR 12, RATE 1-63, CONDO 1-31,
CERT 4, END 1-2
Alternative Rates.................................... RATE 21, END 2
Amount of Insurance Available ..............................RATE 1
AR, AR Dual Zones.............................................RATE 19
Buildings in More Than One Flood Zone.. GR 14, RATE 17
Condominiums.............................................CONDO 1-31
Contents Location ..........................................RATE 26-29
Crawlspace .........................................................RATE 25
Deductibles .................................RATE 12, 13, CONDO 8
Different Base Flood Elevations Reported....GR 15, RATE 17
Effect of Map Revisions on Rates...................RATE 22-23
Elevation Difference .......................................RATE 17-19
FIRMs with Wave Heights ..............................RATE 30-31
Flood Map “Grandfathering” ...RATE 21-23, PRP 1, DEF 4
Flood Zone Discrepancies.......................GR 15, RATE 17
Floodproofed Buildings...................................RATE 31-32
General Rule of Rating........................................RATE 22
Key Points for Rating...........................................RATE 17
Multiple Elevation Certificates .............................. CERT 1
Optional Elevation Rating .................RATE 19, LFG 2, 2A
Premium Calculation ......................................RATE 16-17
Provisional Rates ...........................GR 14, PR 1-5, DEF 7
Rate Reduction .......................................................END 1
Rate Tables...... RATE 1-14, 33, CONDO 10-22, PRP 4-5,
MPPP 1, PR 3, CRS 1
Rating Error......................................................... END 1-2
Rating Examples ...............RATE 17-19, 22-23, 30, 49-63,
CONDO 23-31, END 5-12, PR 4
Rating Steps..................................................RATE 15-16
Re-Rating ......................................................RATE 23-24
Special Rating Situations ...................................GR 14-15
Submit-for-Rate..........................GR 14, RATE 24-25, DEF 9
Tentative Rates ........ GR 14, RATE 21, CONDO 8, DEF 9
V-Zone Optional Rating ...................................... RATE 23
V-Zone Risk Factor Rating Form ...................RATE 35-48
RCBAP (See RESIDENTIAL CONDOMINIUM BUILDING
ASSOCIATION POLICY)
RECREATIONAL VEHICLE ........................................ DEF 1
REFORMATION ............................GR 12-13, MPPP 5, PR 1
REFUNDS ...........................................END 1-2, 3-4, CN 1-7
REGIONAL OFFICES, NFIP .................................... REF 5-6
REGULAR PROGRAM .......................GR 1, RATE 1, DEF 8
RENEWALS (See POLICY RENEWALS)
REPETITIVE LOSS...GR 5, 11, REN 2, CN 7, SRL 1-13, DEF 8
REPLACEMENT COST .................. APP 4, RATE 21-22, 31,
CONDO 7, PRP 2, DEF 8
RESIDENTIAL ......................................GR 5-6, CONDO 1-2
RESIDENTIAL BASEMENT FLOODPROOFING
CERTIFICATE .....................................................CERT 7-8
RESIDENTIAL CONDOMINIUM BUILDING......... CONDO 1,
DEF 8
RESIDENTIAL CONDOMINIUM BUILDING ASSOCIATION
POLICY (RCBAP) (See also STANDARD FLOOD
INSURANCE POLICY) ......... GR 1, 2, APP 4, CONDO 1-31,
POL 1, 42-61
Application Form............................................ CONDO 8-9
Assessment Coverage................................... CONDO 7-8
Building Type................................................ CONDO 6, 8
Cancellation or Endorsement of Existing Unit Owners’ Dwelling Policies........................ CONDO 8
Coinsurance ..................................................... CONDO 7
Commission, Producer’s ................................... CONDO 8
Condominium Building in the Course
of Construction ............................................ CONDO 6-7
Coverage, Building ........................................ CONDO 8-9
Coverage, Contents....................................... CONDO 8-9
Coverage Limits......................................... CONDO 7, 8-9
Deductibles..................................................CONDO 8, 22
Determining Rates and Fees ............................ CONDO 9
Eligibility Requirements..................................... CONDO 6
Federal Policy Fee............................................ CONDO 8
Property Covered .......................................... CONDO 6-7
Rate Tables ............................................... CONDO 10-22
Rating Examples ....................................... CONDO 23-31
Replacement Cost ........................................ CONDO 7, 8
Tentative Rates and Scheduled Buildings......... CONDO 8
ROWHOUSES/TOWNHOUSES............................ CONDO 6
S
SCHEDULED BUILDING POLICY ................... GR 3, APP 1,
CONDO 8, DEF 8
SCREENING, INSECT (BELOW LOWEST ELEVATED
FLOOR) .......................................... RATE 7, 20, CONDO 19
SECTION 1316................................................. GR 7, DEF 8
SEPARATE BUILDING (See SINGLE BUILDING)
SEVERE REPETITIVE LOSS PROPERTIES............... GR 5,
REN 2, CN 6, SRL 1-13, DEF 8
SFIP (See STANDARD FLOOD INSURANCE POLICY)
SHEAR WALLS ................................................ GR 5, DEF 8
SHEET FLOW HAZARD ............................................. DEF 8
SILOS....................................................................... GR 4, 6
SINGLE ADJUSTER PROGRAM....................CL 3-4, DEF 8
SINGLE BUILDING........................................... GR 5, DEF 8
SINGLE-FAMILY RESIDENCE (DWELLING)............... GR 5,
DEF 8
SLATS OR SHUTTERS (BELOW LOWEST ELEVATED FLOOR) .......................................... RATE 7, 20, CONDO 19
SOLID PERIMETER FOUNDATION WALLS ............... GR 5,
RATE 20, DEF 8
IND 5 May 1, 2010
SPECIAL CERTIFICATIONS............................... CERT 1-47
SPECIAL DIRECT FACILITY (See NFIP SPECIAL
DIRECT FACILITY)
SPECIAL FLOOD HAZARD AREA (SFHA) .... MAP 2, DEF 8
SPECIAL RATING SITUATIONS...... GR 14-15, RATE 21-25
Alternative Rates.................................................RATE 21
Buildings in More Than One Flood Zone............................................GR 14, RATE 17
Crawlspace .........................................................RATE 25
Different Base Flood Elevations Reported....GR 15, RATE 17
Flood Zone Discrepancies .............................GR 15, RATE 17
Map “Grandfather” Rules: Effect of Map Revisions
on Rates.......................................................RATE 21-23
Policies Requiring Re-Rating..........................RATE 23-24
Post-’81 V Zone Optional Rating .........................RATE 23
Provisional Rates ........................................GR 14, DEF 7
Submit-for-Rate......................GR 14, RATE 24-25, DEF 9
Tentative Rates.........GR 14, RATE 21, CONDO 8, DEF 9
STANDARD FLOOD INSURANCE POLICY (SFIP) ..GR 1, 2,
POL 1-61, DEF 8-9
Agreement .................................................. POL 3, 23, 43
Claim Guidelines in Case of a Flood.......... POL 21, 40, 61
Coinsurance..........................................................POL 52
Deductibles .......................................... POL 12, 32, 51-52
Definitions ......................................POL 3-5, 23-25, 43-45
Dwelling Form........................................POL 2-21, DEF 8
Exclusions..................................POL 11-12, 31-32, 50-51
General Conditions ....................POL 12-20, 32-38, 53-59
General Property Form.........................POL 22-40, DEF 8
Liberalization Clause................................. POL 20, 39, 60
Property Covered .........................POL 5-10, 25-30, 45-50
Property Not Covered...................... POL 10-11, 30-31, 50
Residential Condominium Building Association
Policy ..............................................POL 42-61, DEF 8-9
Summary of Significant Changes, December 2000............
POL 2, 22, 42
What Law Governs.................................... POL 20, 39, 60
START OF CONSTRUCTION .....................................DEF 9
STOCK........................................................................DEF 9
SUBGRADE CRAWLSPACE............. CONDO 10, 12, 12-17,
RATE 25
SUBMIT-FOR-RATE...................GR 14, RATE 24-25, DEF 9
SUBSTANTIAL DAMAGE.....GR 12, RATE 16, 23-24, DEF 9
SUBSTANTIAL IMPROVEMENT................................APP 5,
RATE 15-16, 23, DEF 9
SUSPENSION...................................................GR 1, DEF 9
T
TECHNICAL ASSISTANCE ........................................ REF 2
TELEPHONE NUMBERS......................................... REF 3-6
TENTATIVE RATES ..... GR 14, RATE 21, CONDO 8, DEF 9
TIMESHARES............................................................... GR 7
TOWNHOUSES/ROWHOUSES................ CONDO 6, PRP 9
TRANSFER OF TITLE ................................................ GR 15
TRAVEL TRAILERS (See MANUFACTURED [MOBILE]
HOMES/TRAVEL TRAILERS)
2-4 FAMILY RESIDENCE (DWELLING).........GR 5-6, DEF 9
U
UNDERGROUND BUILDING...................................... DEF 9
UNFINISHED AREA ................................................... DEF 9
UNFINISHED BASEMENT.......................................APP 1, 2
UNIT ........................................................................... DEF 9
V
VALUED POLICY........................................................ DEF 9
VARIANCE ................................................................. DEF 9
VEHICLES AND EQUIPMENT......................................GR 6
V-ZONE OPTIONAL RATING................................. RATE 23
V-ZONE RISK FACTOR RATING FORM...........RATE 35-48
W
WAITING PERIOD..................GR 8-12, MPPP 4, REN 1, 2,
PR 1, DEF 10
WALLED AND ROOFED................................. GR 5, DEF 10
WALLS.............................. GR 5, RATE 20, LFG 1, 2, DEF 8
Breakaway Walls .......... GR 5, RATE 20, LFG 1, 2, DEF 1
Common Interior Walls .............................................GR 5
Openings in Foundation Walls .................................LFG 1
Shear Walls .................................................. GR 5, DEF 8
Solid Perimeter Foundation Walls...............GR 5, RATE 8
LFG 7, DEF 8
WAVE HEIGHT........................ APP 6, RATE 30-31, DEF 10
Calculating Wave Height Adjustment .... RATE 30, DEF 10
WHOLE DOLLAR PREMIUM.................................. RATE 17
WIND LOSSES..............................................................CL 4
WRITE YOUR OWN (WYO) PROGRAM.... REF 1-2, DEF 10
Z
ZONE (See also Map Zones under FLOOD MAPS) ...MAP 2,
DEF 10
Discrepancies .........................................GR 15, RATE 17


MSC # 609 5/1/2010
Map Service Center Media Mail
P.O. Box 1038 U.S Postage Paid
Jessup, MD 20794-1038 Permit #25
Jessup, MD 20794