FLOOD08304

• County: Statewide
• Basin: Statewide
• Title: Federal Emergency Management Agency
• Date: 5/1/1998
• Prepared By: FEMA
• Floodplain - Doc Type: Historic FEMA Regulatory Floodplain Information

Federo; Emergency Management Ager1c}"

of the GFIP. The notice will (1) encour-
age them to con tact a local insurance
agent or prOducer or a prh-ate insur-
ance company selling NFlP policies
under the Write Your Own program of
the NFlP to apply for a conventional
NFIP Standard Flood Insurance Policy
and (2) advise them as to the amount of
coverage they must maintain in order
not to jeopardize their eligibility for
future disaster assistance.

[61 FR 19200. May 1. 1996)

APPENDIX A(l) TO PART 61

FEDERAL EMERGENCY MANAGEMENT AGENCY.
FEDERAL D;SURAl<CE ADMINISTRA nON

STM"DARD FLOOD INSURANCE POLICY

[Issued Pursuant to the National Flood In-
surance Act of 1968. or Any Acts Amendatory
Thereof (Hereinafter Called the Act). and AP-
plicable Federal Regulations in Title 44 of
the Code of Federal Regulations. Subchapter
B)

DWELLING FORM

Read the policy carefully. The coverage
provided is subject to limitations. restric-
tions and exclusions. This policy covers only:
1. A non-condominium reSidential building.
designed for principal use as a dwelling place
of one to four families. or
2. A single family dwelling unit in a con-
dominium building.

L",<SL"RING AGREEME.'IT

Agreement of insurance between the Fed-
eral Emergency Management Agency
(FElY'_"-), as Insurer, (hereinafter known as
"we:' "our," and "us:') and the Insured.
(hereinafter known as "you" and "your").
We insure you against all direct physical
loss by or from flood to the insured property.
based upon:
1. Your having paid the correct amount of
premium: and
2. Our reliance on the accuracy of the in.
formation and statements you have fur-
nished; and
3. All the terms of this policy. the National
Flood Insurance Act of 1968. as amended. and
Title 44 of the Code of Fede",l Regulations.
On this basis. you are insured up to the
lesser of:
1. The actual cash value. except as provided
in Article 8. not including any antique value.
of the property at the time of loss: or
2. The amount it would cost to repair or re-
place the property with material or like kind
and quality within a reasonable time after
the loss.

?to :J:. .t...P;J. A(l)

Article i-Persons ins>:re.;

We insure only:
A. The named Insured and legal represent-
atives:
B. Any mortgagee and loss p~~yee named in
the application and decIaTation~' pa.ge. as well
as any other mortgagee or loss payee deter-
mined to exist at the time of a loss (See .4rti-
de 9. paragraph P.). in the order of prece-
dence and to the extent of their interest but
for no more. in the aggregate. ',han the inter-
est of the named Insured.

Article 2-Definitions

As used in this policy-
Act means the National F"ood Insurance
Act of 1968, and any acts amendatory there-
of.
Actual Cash Value means tlle replacement
cost or an insured item of ~roperty at the
time of loss. less the value or physical depre-
ciation as to the item damaged.
Application means the statement made and
signed by you or your agent. and giving in-
fonnation on the basis of which we deter-
mine the acceptability of the risk. the policy
to be issued and the correct. premium pay-
ment. The correct premium payment must
accompany the application for the policy to
be issued. The application is. a part of this
flood insurance policy.
Association means the grou:p of unit owners
which manages the condomi1tium building in
which you. as the insured uILit owner, main~
tain your residence.
Base flood means the flood haVing a one
percent chance of being equalled or exceeded
in any given year.
Basement means any area of the building.
including any sunken room or sunken por-
tion of a room. having i~. noor sUbgrade
(below ground level) on all sides.
Building means a walled c:nd roofed struc-
t\1...... other tha.n a gas or liquid storage tank.
that is principally above ground and affixed
to a permanent site. including a manufac-
tured (i.e.. mobile) home on a permanent foun-
dation, subject to Article 6. paragraph H. and
a walled a1ld Toofed building in the course of
constrUction. a.lteration or repair.
Cancellation means that poDding of the in-
surance coverage pro, "idee by this policy
prior to the ezpiTation date.
Coastal High HazaTd Area means an area
subject to high velocity waters. including
hurricane wa.ve wash and tsunamis.
Condominium means a system of individual
ownership of units in a multi-unit building or
buildings or in single-uni1; buildings as to
which each unit owner in the condominium
bas an undiVided interest in the common
areas of the building(s) and facilities that
serve the building(s).
Condominium Association Policy means a
policy of flood insurance coverage issued to
an association pursuant to the Act.

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