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National Flood Insurance Program Answers to Questions ...

National Flood Insurance ProgramAnswers to Questions about the NFIPFEMA F-084 / March 2011 Answers to Questions about the National Flood Insurance Program FEDERAL EMERGENCY MANAGEMENT AGENCYA nswers to Questions about the NFIP 23aAddendum to Answers to Questions about the NFIPClArifiCAtion to Questions 69 And 70 The following Questions and Answers conform to current Standard Flood Insurance Policy What is Flood in progress and how does it differ from the date of loss?The date of loss is the date a Flood , as defined in the Standard Flood Insurance Policy (SFIP), actually touches and damages NFIP-insured property.

Answers to Questions About the NFIP · iii Answers to Questions About the National Flood Insurance Program This book is intended to acquaint the public with the National Flood Insurance

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Transcription of National Flood Insurance Program Answers to Questions ...

1 National Flood Insurance ProgramAnswers to Questions about the NFIPFEMA F-084 / March 2011 Answers to Questions about the National Flood Insurance Program FEDERAL EMERGENCY MANAGEMENT AGENCYA nswers to Questions about the NFIP 23aAddendum to Answers to Questions about the NFIPClArifiCAtion to Questions 69 And 70 The following Questions and Answers conform to current Standard Flood Insurance Policy What is Flood in progress and how does it differ from the date of loss?The date of loss is the date a Flood , as defined in the Standard Flood Insurance Policy (SFIP), actually touches and damages NFIP-insured property.

2 A loss caused by a Flood in progress at the time an SFIP comes into effect may be subject to the Flood -in-progress exclusion. If the SFIP was effective prior to the date the Flood in progress began, coverage will be effective. A Flood is in progress on the earlier of either the date the community in which the NFIP-insured property is located first experiences a Flood as defined in the SFIP, or on the date of an event initiating a Flood that directly or indirectly affects areas downstream or in a floodway. 70. is damage caused by a Flood in progress covered?If a policy is in effect on the date the Flood in progress begins, damage caused by the Flood in progress is covered, subject to the terms of the SFIP.

3 If a policy is effective after the date the Flood is in progress, damage caused by the Flood in progress most likely will not be covered. However, each NFIP claim is adjusted individually and the cause of any loss, and any applicable limitations or exclusion in the SFIP, is determined during the claims adjustment process. F-084 (08/11) Answers to Questions about the NFIP iiiAnswers to Questions about the National Flood Insurance Program This book is intended to acquaint the public with the National Flood Insurance Program (NFIP). Despite the highly technical nature of the Program , there has been a deliberate effort to minimize the use of technical terms.

4 This publication is designed for readers who do not need a detailed history or refined technical or legal explanations, but who do need a basic understanding of the Program and the Answers to some frequently asked Questions . Readers who need legal definitions should refer to the Standard Flood Insurance Policy (SFIP) and to NFIP and related regulations. The information provided herein is as current as possible, but changes in the NFIP are made periodically. Readers can obtain the most up-to-date Insurance data by using the contact information at the back of the book. The use of acronyms and initials has been limited, but some terms are used so often that acronyms are practical and helpful to the reader.

5 Each term is spelled out upon its first use in the text, with the acronym or initials following in parentheses. For readers convenience, the following is a list of acronyms and initials that appear in Answers to Questions about the NFIP: BFE ..Base Flood Elevation CAP-SSSE .. Community Assistance Program , State Support Services Element CBIA ..Coastal Barrier Improvement Act (of 1990)CBRA ..Coastal Barrier Resources Act (of 1982)CBRS ..Coastal Barrier Resources System CLOMA ..Conditional Letter of Map Amendment CLOMR ..Conditional Letter of Map Revision CLOMR-F ..Conditional Letter of Map Revision Based on Fill CRS.

6 Community Rating System CTP ..Cooperating Technical PartnerDFIRM ..Digital Flood Insurance Rate MapDHS .. Department of Homeland Security FEMA ..Federal Emergency Management Agency FHBM .. Flood Hazard Boundary Map FIRA .. Flood Insurance Reform Act (of 2004)FIRM .. Flood Insurance Rate Map FIS .. Flood Insurance Study FMA .. Flood Mitigation Assistance Grant Program FMIX ..FEMA s Map Information eXchange GFIP ..Group Flood Insurance Policyiv National Flood Insurance ProgramHMGP ..Hazard Mitigation Grant Program ICC ..Increased Cost of Compliance LODR ..Letter of Determination Review LOMA ..Letter of Map Amendment LOMC.

7 Letter of Map Change LOMR ..Letter of Map Revision LOMR-F ..Letter of Map Revision Based on Fill NFIA .. National Flood Insurance Act (of 1968)NFIP .. National Flood Insurance Program NFIRA .. National Flood Insurance Reform Act (of 1994)OPA ..Otherwise Protected AreaPDM ..Pre-Disaster Mitigation Grant Program PMR ..Physical Map Revision PRP ..Preferred Risk PolicyRCBAP ..Residential Condominium Building Association Policy RFC ..Repetitive Flood Claims Grant Program SDF ..Special Direct Facility SFHA ..Special Flood Hazard Area SFHDF ..Standard Flood Hazard Determination Form SFIP ..Standard Flood Insurance Policy* SRL.

8 Severe Repetitive Loss WYO ..Write Your Own* There are three Standard Flood Insurance Policy (SFIP) forms: The Dwelling Form SFIP, the General Property Form SFIP, and the Residential Condominium Building Association Policy SFIP. The SFIPs are available on the Web at to Questions about the NFIP vContentsIntroduction to the NFIP ..1 1. What is the National Flood Insurance Program (NFIP)? .. 1 2. Why was the NFIP established by Congress? .. 1 3. How was the NFIP established and who administers it? .. 1 4. What is a Special Flood Hazard Area (SFHA)? .. 2 5. What is a Flood Insurance Rate Map (FIRM)?.

9 2 6. What is a Flood ? .. 2 7. What is the NFIP s Write Your Own (WYO) Program ? .. 3 8. Do state Insurance regulators have any jurisdiction over the NFIP in their respective states? .. 3 9. How does the NFIP benefit property owners? Taxpayers? Communities? .. 3 10. What is the definition of a community? .. 3 11. Why is participation in the NFIP on a community basis rather than on an individual basis? .. 4 12. Is community participation mandatory? .. 4 13. What is the NFIP s Emergency Program ? .. 4 14. What is the NFIP s Regular Program ? .. 5 15. What happens when a participating community chooses not to adopt the effective FIRM and compliant floodplain management ordinance?

10 5 16. What is probation? .. 5 17. When can a community be placed on probation? .. 5 18. How long will probation last? .. 5 19. What penalties are imposed when a community is placed on probation? .. 5 20. What is suspension? .. 6 21. Is there any way to obtain a community-wide discount on the cost of Flood Insurance premiums? .. 6 21a. Why would a community want to join the CRS? .. 7 21b. Why don t all NFIP communities join the CRS? .. 7 22. How can I find out if my community is in the CRS? .. 7 22a. If my community is not participating in the CRS, what can I do to have my community join?


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