FLOOD07997

• County: Statewide
• Basin: Statewide
• Title: Flood Insurance Manual
• Date: 10/1/1992
• Prepared For: US
• Prepared By: National Flood Insurance Program
• Floodplain - Doc Type: Project

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CONDOMINIUM MASTER POLICY MINIMUM RATES- TABLE C

I Effective October 1, 1992, these rates are to be used for buildings:
Newly insured on or after 1/1191 for an amount of building coverage less than either:

. 80% of its actual cash value, * or

. the maximum limits available.

(For the contents or such buildings, the rates on CONDO 11 and 12 will apply.)

CMP MINIMUM RATING RULE

THE MINIMUM BUILDING COVERAGE RATES FOR BASIC AND ADDITIONAL
LIMITS ARE: The building rates determined in accordance with the rate tables or rating
instructions on CONDO 11 and 12 or the CMP MINIMUM RATE TABLE set below,
whichever is higher. All SUBMIT FOR RATE risks must be submitted for rating.

REGULAR PROGRAM: Pre- and Post-FIRM
Per $100 of coverage

BUILDING A, AI-A30, AE, V, VI-V30, and VB A99, B, C, and X
TYPE AO, AH, and 0
All buildings eligible
for the CMP 1.50 4.00 .50

* To determine whether or not the amount of insurance to be purchased is less than 80 percent
of the actual cash value of the building, use the documentation provided in accordance with
the instructions on CONDO 8 and CONDO 9.

IMPORTANT INFORMATION ON THE USE OF THE "OTHER RESIDENTIAL" RATING
SYSTEM TO RATE A CONDOMINIUM ASSOCIATION POLICY (CAP)

Because of the "Other Insurance" provision of the Standard Flood Insurance Policy, producers
should review the condominium association's insurance portfolio for other existing flood
coverages with their clients. Clients that carry other flood insurance, for example, as a
covered peril under a Difference In Conditions (DIC) policy, may wish to consider the
purchase of maximum available limits ($250,000 building coverage, $60,000 contents
coverage) under the "Other Residential" rating system of a CAP (see CONDO 1 and 2).

October 1992

CONDO 13