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<br />Insurance is sold through private insurance agents. Floodville participates in the NFIP. <br /> <br />Sewer Backuo Insurance: This will cover water damage to a structure and contents when <br />sewer lines back up. It is a commercial insurance policy and details will vary from <br />company to company. <br /> <br />Sumo Pumo Insurance: Several companies will insure for damages caused if a sump <br />fails. Check several companies to see if they carry it and what the policy covers. <br /> <br />More about the National Flood Insurance Program: The NFIP is based on an agreement <br />between local Colorado communities and the federal government. The community agrees <br />to implement measures to reduce future flood risk to new construction and substantial <br />improvements in identified Special Flood Hazard Areas as mapped by FEMA on a <br />community's FIRM. Then, FEMA makes flood insurance available within the community <br />as a financial protection against flood losses which occur. The insurance is designed to <br />provide an alternative to disaster assistance to meet the escalating costs associated with <br />the repair of structures and replacement of contents when they are damaged by a flood <br />event. Until the establishment of the NFIP in 1968, flood insurance was generally <br />unavailable from private sector insurance companies. <br /> <br />Flood insurance claims information indicates that 35-40% of all NFIP claims come from <br />outside the 100-year floodplain. The 100-year floodplain, as delineated on the <br />community's FIRM, is the area which the community has agreed to regulate in exchange <br />for flood insurance availability in the community. <br /> <br />Open Space Policies <br /> <br />The Floodville City Council, on March 3, 1995, adopted a new provision to the city's <br />code as follows: <br /> <br />"Floodplain lands and adjacent waters combine to form a complex, dynamic physical and <br />biological system that supports a multitude of water resources, living resources and <br />societal resources. Floodplains provide Floodville with naturalflood and erosion control, <br />water filtering processes, a wide variety of habitats for flora and fauna, places for <br />recreation and scientific study and historic and archeological sites. They are also the <br />locus of a variety of human activities, including commerce, agriculture, residence and <br />infrastructure, 2 It is the policy of the City of Floodville to preserve these natural and <br />benefiCial values of floodplains through conscious land use decisionmaking which <br />encourages open space uses in floodplain areas, " <br /> <br />3 <br />