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<br />J <br />~ <br />\ <br />\ <br />i <br />~ <br />~ <br />~ <br />~ <br />, <br />I <br />{ <br />t <br />( <br />( <br />( <br />( <br />:: <br />c <br />,; <br /><: <br />( <br />\ <br />I, <br />I <br />" <br />, <br />I <br />r <br />i <br />~ <br />I <br />, <br />I. <br />i <br />( <br />, <br />( <br />~ <br />~ <br />, <br />.: <br />( <br />" <br />i <br />( <br />( <br />i <br />i <br />( <br />r <br />I <br />, <br />I <br />i <br />( <br />i <br />i <br />\ <br />( <br />! <br /> <br />TABLE 13-2 <br /> <br />MAXIMUM COVERAGE AT CHARGEABLE RATE <br /> <br /> Structure. Contents <br />Single-Family Dwelling <br />All states and jurisdictions $ 35,000 $ 10,000 <br />(except below) <br />Alaska, Hawaii, Guam, and 50,000 10,000 <br />Virgin Islands <br />Other Residential (except single-family) <br />All states and jurisdictions 100,000 10,000 <br />(except below) <br />Alaska, Hawaii, Guam, and 150,000 10,000 <br />Virgin Islands <br />Any Other Structure 100,000 100,000 <br /> <br />Economic feasibility <br />In other Chapters of this report economic feasibility was evaluated by comparing cost with <br />damage reduced. In the case of flood insurance damage is not reduced by taking out a policy, <br />consequently, it is never economically feasible when evaluated in this way. Flood insurance, like <br />fire insurance, is taken out for a variety of other reasons, most of which are associated with risk. <br />and security. By paying a small premium a property owner can be covered for a full range <br />financial loss. <br /> <br />Other aspects of the Flood Insurance Program do reduce flood damage. For example, <br />requirements of community regulation of flood plain land and elevation of structures to the 100 <br />year flood elevation. For these requirements economic feasibility could be measured by <br />evaluating costs and damage reduced with and without a particular action. <br /> <br />Advantages and Disadvantages <br />Table 13-3 summarizes a<;lvantages and disadvantages of flood insurance as a nonstructural <br />measure. <br /> <br />94 <br />