Question
(October 2022 Flood Insurance Manual) Find the following terms in the Flood Insurance Manual. In your own words, write out the definitions of each concept.
(October 2022 Flood Insurance Manual) Find the following terms in the Flood Insurance Manual. In your own words, write out the definitions of each concept. 1. What is NFIP definition of a flood? 2. What is an insurable building? 3. What is a FIRM? 4. What does Pre-FIRM mean? 5. What does Post-FIRM mean? 6. What is a flood zone? 7. What is a Special Flood Hazard Area? 8. What is a Non-Special Flood Hazard Area? 9. What is Base Flood Elevation? 10. What is the Coastal Barrier Resource Act? 11. What is the Mandatory Purchase Requirement? 12. What is a foundation? 13. What is an elevated building? 14. What is an enclosure? 15. What does the NFIP call a commercial building? 16. What is an Other Residential building? 17. What is a condominium building? 18. What is an HOA?
19. What's the difference between a building's date of construction and its permit date? 20. What is insurance premium? 21. What is an insurance deductible? 22. What is a coverage limit? 23. What is insurable interest? 24. What is a declarations page? 25. What is a flood insurance application?
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