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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Flood Insurance <br /> <br />Table 6 <br /> <br />The National Flood Insurance Program is a federal program that <br /> <br />Federal Emergency Management Agency <br />National Flood Insurance Program Summary <br /> <br />enables property owners to buy flood insurance at a reasonable, <br /> <br />subsidized cost. In return, communities are required to carry out <br /> <br />Total Amount <br />Available <br />(First Layer) <br />(1 }(3) <br /> <br />Subsidized <br />Rate per <br />$100 of <br />Coverage <br /> <br />floodplain management measures to protect lives and new construction from <br /> <br />future flooding. <br />Flood insurance through the National Flood Insurance Program is <br />available to all residents of Boulder County under the regular phase of <br />the program. Boulder County entered the regular program February 1, <br />1979. A Flood Insurance Summary is shown in Table 6. <br />Additional information on the Flood Insurance Program is available <br />from local insurance agents or brokers and the: <br /> <br />Sing1e- <br />Family <br />Residence $ 35,000 <br /> <br />$.25 <br /> <br />Other 100,000 <br />Residential <br /> <br />.25 <br /> <br />Contents, 10,000 <br />Residential <br /> <br />.35 <br /> <br />Small 100,000 <br />Business <br /> <br />.40 <br /> <br />Federal Emergency Management Agency <br />Division of Insurance and Mitigation <br />Denver Federal Center, Building 710 <br />Lakewood, Colorado 80225 <br />Telephone: 234-6582 <br /> <br />Contents, 100,000 <br />Sma 11 <br />Business <br /> <br />.75 <br /> <br />Other 100,000 <br />Non- <br />Residential <br /> <br />.40 <br /> <br />Contents, 100,000 <br />Other, Non- <br />Residential <br /> <br />.75 <br /> <br />Second <br />Layer <br /> <br />Acturial <br />Rate for <br />$100 Coverage <br />Based on Risk <br />Rate Varies <br />with Risk <br /> <br />Total <br />Amount <br />Ava il ab 1 e <br />1st & 2nd <br />Layers(2) <br /> <br />Maximum <br />Required <br />(2) <br /> <br />150,000 Rate varies <br />with ri sk <br /> <br />150,000 Rate varies <br />with risk <br /> <br />50,000 Rate varies <br />with risk <br /> <br />150,000 Rate varies <br />with risk <br /> <br />200,000 Rate varies <br />with risk <br /> <br />100,000 Rate varies <br />with risk <br /> <br />100,000 Rate varies <br />with risk <br /> <br />185,000 $ 70,000 <br /> <br />250,000 200,000 <br /> <br />60,000 20,000 <br /> <br />250,000 200,000 <br /> <br />300,000 200,000 <br /> <br />200,000 200,000 <br /> <br />200,000 200,000 <br /> <br />NOTES: 1) Only the first layer of coverage is available under the Emergency <br />Program. <br />2) a. Full coverage is available under the Regular Program for all <br />structures in the community. <br />b. New construction and substantial improvements are charged <br />actuarial rates for all coverage. <br />c. All existing structures are charged actuarial rates for the <br />second layer of coverage and property owners have the option <br />of paying either the subsidized or actuarial rate for the <br />first layer, whichever is lower. <br />3) Limits required under Section 102(a)(b) of Act of 1973. <br /> <br />All property owners shown in this study to be within areas subject to <br />flooding should consider the purchase of flood insurance. <br /> <br />24 <br />