FLOOD01659

• County: Statewide
• Title: Floodplain Management Handbook
• Date: 9/1/1981
• Prepared By: Flood Loss Reduction Associates
• Floodplain - Doc Type: Floodplain Report/Masterplan

does not cover outside damages such as
that done to yards and fences or to
property stored outside of buildings.

Federally subsidized flood insur-
ance is applicable to all areas subject
to flooding. I t can be used along with
other floodplain management measures
which act directly to reduce losses.
Owners or renters of existing struc-
tures have the option of purchasing
flood insurance. However, financial
institutions making loans for the
purchase of new or existing buildings
in flood-prone areas often require the
purchaser to buy the insurance.

The major costs to local govern-
ment for participation in the National
Flood Insurance Program are those for
developing and enforcing the required
floodplain regulations. The cost to

policyholders depends on the
coverage purchased and the
flood risk.

amount of
degree of

The National Flood Insurance
Program also provides a mechanism for
the purcha~e of structures that have
been repeatedly or substantially
damaged by floods. The objective of
this provision is to avoid repetetive
payment of claims for properties in
very vulnerable areas. It offers a way
to relocate or eliminate floodplain
obstructions and to restore natural
floodplain values.

Relief and Recovery

The impact of floods on indi-
viduals and communi ties can be reduced
by relief and recovery measures. These
include tax adjustments for the

I

Speedy cleanup after a flood mInImizes losses due to interruption of business
and also reduces health hazards.

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