IIB3.PDF

How The NFIP Works

Emergency Program of the NFIP

Regular Program

without a study (below).

Community is given 6

months to adopt base

flood elevations in its

local zoning and

building code

ordinances, and to

meet other

requirements.

5. Community

adopts more

stringent ordinances

and FEMA converts

the community to the

NFIPÔs Regular

Program (below).

1. Community applies

for participation in the

NFIP either (a) as a

result of interest in

eligibility for flood

insurance, or (b) as a

result of receiving

notification from

FEMA that it contains

one or more SFHAs.

Application includes

adopted resolutions or

ordinances to minimally

regulate new

construction in SFHAs.

community up to the

Emergency Program

limits. FEMA assesses

the community's degree

of flood risk and

development potential,

and if appropriate...

4. FEMA provides the

studied community

with Flood Insurance

Rate Map delineating

base flood elevations

and flood risk zones.

3. arranges for a study

of the community to

determine base flood

elevations and flood

risk zones. Consultation

with the community

occurs at the start of

and during the study.

Communities with

minimal or no flood

risk are converted to the

Emergency

Program Flood Insurance Coverages

Buildings

Single Family . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 35,000

Other Residential . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000

Non-residential . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000

2. FEMA authorizes

the sale of flood

insurance in the

Contents

Residential . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000

Non-residential . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000

Regular Program of the NFIP

1. FEMA authorizes

the sale of additional

flood insurance

in the community

up to the Regular

Program limits.

2. Community

implements adopted

floodplain

management

measures.

3. FEMA arranges for

periodic community

assistance visits with

local officials to

provide technical

assistance regarding

complying with NFIP

floodplain management

requirements.

4. Local officials may

request flood map

updates as needed.

FEMA evaluates

requests, encourages

cost-sharing, and

issues revised maps as

priorities dictate.

Notes: The purchase of flood insurance is

mandatory as a condition of receipt of federal or

federally-related financial assistance for acquisition

and/or construction of buildings in SFHAs of any

participating community. Those communities

notified as flood-prone which do not apply for

participation in the NFIP within 1 year of notification

are ineligible for federal or federally-related financial

assistance for acquisition, construction, or

reconstruction of insurable buildings in the SFHA.

Conventional loans are available in the SFHA of

nonparticipating communities for these purposes at

the lender's risk.

Regular Program

Flood Insurance Coverages

Basic Additional Total

Insurance Insurance

Insurance

Limits

Available

Building Coverage

Single Family Dwelling

$ 50,000 / $ 200,000

$ 250,000

2-4 Family Dwelling

$ 50,000 / $ 200,000

$ 250,000

Other Residential

$135,000 / $ 115,000

$ 250,000

Non-Residential or Small Business $135,000 / $ 365,000

$ 500,000

NFIP: National Flood Insurance Program

SFHA: Special Flood Hazard Area

FEMA: Federal Emergency Management Agency

Contents Coverage (per unit)

Residential

$ 15,000 / $ 85,000

$ 100,000

Non-Residential or Small Business $115,000 / $ 385,000

$ 500,000

000025 (7/96)

How The NFIP Works

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