WHY HAVE A FREEBOARD? THERE ARE MANY GOOD REASONS TO ENFORCE ADDITIONAL ELEVATION (MARGIN OF SAFETY)

Slides:

Advertisements

Similar presentations

Agent Breakout What You and Your Clients Need to Know about Rising Risks, Rising Rates, and Their Effects on Rebuilding Decisions.

Advertisements

Local Policy I Session Name: Local Policy I Coastal Hazards Management Course I. Introduction What Do We Mean By “Local Policy” General Police Power Session.

Sandy: Building Back Stronger, Safer & More Resilient Tim Crowley, Director, Mitigation Division, FEMA Region II December 2012.

How to Use This Presentation Sharing the benefits of flood insurance to both current and potential clients will help you grow your book of business. Use.

Variances and NFIP Requirements. Floodplain Management Regulations  44 CFR Section 60.6(5)  A community shall notify the applicant in writing over the.

William Solecki City University of New York – Hunter College

Understanding Advisory Base Flood Elevations (ABFEs) Understanding Advisory Information and the Implications for Your Home December 2012.

Maine Association of Mortgage Professionals

How to Use This Presentation Real estate agents can be valuable allies in communicating flood risk and the importance of having flood insurance to potential.

How to Use This Presentation Flood insurance is a critical part of any mitigation plan. A better insured community is a resilient one. Use this presentation.

N ATIONAL F LOOD I NSURANCE P ROGRAM (NFIP): T HE B ASICS & U PDATE ON THE C URRENT S TATE OF A FFAIRS Mary-Carson Stiff, JD, CFM Shannon Hulst Jarbeau,

How to Use This Presentation Sharing the benefits of flood insurance to both current and potential clients will help you grow your book of business. Use.

Floodplain Management Regulations and the Florida Building Code

Emergency Management Cycle. Planning Regulatory Requirement Per 44 CFR (a) (1) - For all disasters declared on or after November 1, 2004, all states,

1 Flood Insurance. 2 Flood - History History of the Law –National Flood Insurance Act of 1968 Federally subsidized insurance became available Voluntary.

Flood Training by Brad Bullock CRCM, First National Bank of Midland This tool can be found in the Banker Tools section of BankersOnline.com.

The National Flood Insurance Program El Paso County Public Meeting Erin May, NFIP Bureau & Stats Agent FEMA Region VIII, Regional Manager

Flooding & Drainage Committee May 16,  Participate in the National Flood Insurance Program (NFIP)  Participate in the Community Rating System.

Mitigation. Hazard Mitigation is any sustained action taken to reduce or eliminate long-term risk to people and their property from hazards and their.

Property Insurance Chapter 39. Home and Property Insurance Home and Property Insurance protects you from three types of economic loss…  Damage to your.

COMPREHENSIVE FLOODPLAIN MANAGEMENT : Promoting Wise Uses of Floodplains CA Department of Water Resources/ CIFMCG Workshop July 2006.

Living in the Floodplain Kate Barrier. Where were you in April 1975?

Floods Defined: any time a body of water rises to cover what is usually dry land Are one of most common hazards –75% of Federally declared disasters May.

Floods CERT Basic Training Hazards. When Floods Occur ●Any time a body of water rises to cover what is usually dry land ●One of most common hazards 

National Flood Insurance and Flood Mitigation Virginia Beam.

Higher Regulatory Standards Series 430. Higher Regulatory Standards 432 Elements Dougherty County (2007 Manual) – Total Points: 2740 – Activity 430.

Advisory Base Flood Elevations: What Your Community Needs to Know Information for Floodplain Managers and Local Officials.

Increased Cost of Compliance The Basics (Last updated July 25, 2006)

Community Resiliency, Morganza to the Gulf and. Community Resiliency Resiliency is frequently defined as the capacity of human and natural/physical systems.

Have you ever wondered what home insurance is and why you need it ?

North Carolina Emergency Management Floodplain Management Section NC Department of Revenue 2013 Advanced Real Property Seminar Biggert-Waters National.

1 Copyright © 2015 National Food Experts. All right reserved. INCREASE THE VALUE By Brad Hubbard, PE ~ CEO / Founder of your home while putting money in.

Copyright ©2004 Pearson Education, Inc. All rights reserved.10-1 Homeowner’s Insurance Homeowner’s insurance: provides insurance in the event of property.

Quincy - The Problem Densely developed Year after year claims to the national flood insurance program 5 Million from

December 16 th, 2009 Presented by Jennifer DiLorenzo, M.S., CFM Sustainable Coastal Community Liaison Developed in Cooperation with the ASFPM 1 Floodplain.

Return to Home! Go To Next Slide! Return to Home! Go To Next Slide!

CERT Basic Training Hazards Floods. Fl-1CERT Basic Training Unit 1: Floods ●Any time a body of water rises to cover what is usually dry land ●One of most.

Online Car Insurance Comparison Published by:

Phone: Welcome to Quick Flood Quote! Our mission is to provide you with the highest quality flood insurance available combined with the lowest.

Why Do We Need to Change ?  It limits our ability to reduce insurance rates (NFIP).  Places local contractors and Real Estate agents at a disadvantage.

Unit 12: Course Summary. Objectives At the end of this unit, you should be able to:  Describe key content covered in the course.  Complete the post-course.

The National Flood Insurance Program's (NFIP's) Community Rating System (CRS) is a voluntary incentive program that recognizes communities for implementing.

City of Fort Collins REGULATORY CHANGES AFTER A NATURAL DISASTER Susan L. Duba Hayes, PE, CFM CASFM 2005.

Click here to advance to the next slide.

Floodplain Management Program Benton County

Flood Damage Prevention Code Update

Click here to advance to the next slide.

The number of natural catastrophe events continues to trend up

An Overview of the Community Rating System

Lecture 7. Hazards.

SRMC Fall Conference 2012 Jim Mahurin

Insurance Econ 10/23.

2017 Open Enrollment Full-Time Employees

Glynn County, GA Flood Remapping January 2018

2017 Open Enrollment Full-Time Employees

Design A Healthy finished basement

Building Safer, Smarter, and Stronger: A State’s Commitment to Avoiding Future Losses

CONSUMER PROTECTIONS.

FLOODPLAIN MANAGEMENT FEMA and the Florida Building Code

<<County Name>> <<Date>>

Agent Marketing Toolkit

Disaster Mitigation Mitigation reduces the impact of disasters by supporting protection and prevention activities, easing response, and speeding recovery.

Flood Plain Regulations

Cindy Popplewell AMEC Hazard Mitigation & Emergency Management Program

CERT Basic Training Hazards

Wednesday, April 5, 2017 Objective: Students will be able to evaluate the costs and benefits of buying insurance. Purpose: You will need insurance to protect.

Disaster Recovery Operations

What are some different types of insurance, and why do you need them?

Common Place Home Security System Solutions. Home security is critical for folks, family and loved ones. As anticipated, homeowners have comfort and peace.

Presentation transcript:

WHY HAVE A FREEBOARD? THERE ARE MANY GOOD REASONS TO ENFORCE ADDITIONAL ELEVATION (MARGIN OF SAFETY)

WHY HAVE A FREEBOARD? INSURANCE SAVINGS AT BFE (0 FEET) = $902 A SINGLE FAMILY HOME, ONE FLOOR, NO BASEMENT WITH $200,000/$50,000 COVERAGE: AT BFE (0 FEET) = $902 1 FOOT ABOVE = $605 2 FEET ABOVE = $428 3 FEET ABOVE = $388

PROTECT PROPERTY FROM FLOOD DAMAGE WHY HAVE A FREEBOARD? PROTECT PROPERTY FROM FLOOD DAMAGE SEA LEVEL RISE – UP TO 3 FEET NEXT 100 YEARS LAND SUBSIDENCE MORE FREQUENT STORMS MORE SEVERE STORMS LIKE ISABEL

PROTECT RESIDENTS FROM DISRUPTION WHY HAVE A FREEBOARD? PROTECT RESIDENTS FROM DISRUPTION MANY PEOPLE STILL OUT OF THEIR HOMES PEOPLE STILL WAITING FOR ASSISTANCE FLOOD INSURANCE DOES NOT PAY FOR ALL

WHY HAVE A FREEBOARD? FREEDOM FROM WORRY UNELEVATED HOMEOWNERS WORRY ABOUT WHAT NEXT FLOOD WILL DO TO THEM OUT OF POCKET EXPENSES MAY OVERWHELM HOMEOWNER (ESPECIALLY IF NO FLOOD INSURANCE) MANY BELONGINGS MAY BE IRREPLACEABLE DISASTERS ARE STRESSFULL IN PROPORTION TO THE EFFECT ON THE INDIVIDUAL

FURTHER PREMIUM SAVINGS FROM PARTICIPATING IN COMMUNITY RATING SYSTEM WHY HAVE A FREEBOARD? FURTHER PREMIUM SAVINGS FROM PARTICIPATING IN COMMUNITY RATING SYSTEM COMMUNITY GETS 100 POINTS FOR EVERY FOOT OF FREEBOARD 500 POINTS = 5% REDUCTION IN PREMIUM MANY OTHER ACTIVITIES ELIGIBLE FOR POINTS

REDUCTION IN EMERGENCY RESPONSE DURING A DISASTER WHY HAVE A FREEBOARD? REDUCTION IN EMERGENCY RESPONSE DURING A DISASTER PEOPLE SAFER IN THEIR HOMES IF EVACUATED, CAN RETURN SOONER PERSONAL PROPERTY MORE PROTECTED

WHY HAVE A FREEBOARD? ELEVATION OF DUCTWORK NFIP REQUIRES THAT DUCTWORK BE ELEVATED TO OR ABOVE BFE DUCTWORK NORMALLY INSTALLED UNDER FLOOR JOISTS FORCES TOP OF FLOOR UP ALMOST 2 FEET FREEBOARD CAN APPLY TO TOP OF FLOOR

WHY HAVE A FREEBOARD? ADDITIONAL COST TO ELEVATE 2-3 FEET ABOVE BFE CAN BE RECOVERED QUICKLY THROUGH SAVINGS IN FLOOD INSURANCE PREMIUMS ESTIMATED COST TO LAY 2-3 COURSES OF BLOCK = $1000 - $1800 MAXIMUM FLOOD INSURANCE SAVINGS PER YEAR = $514 TIME TO RECOUP ADDITIONAL EXPENSE = ABOUT 3 YEARS FLOOD INSURANCE WILL BE MORE COSTLY IN FUTURE

Summary Slide WHY HAVE A FREEBOARD? PROTECTION OF LIFE AND PROPERTY SAVINGS OVER LONGER TERM FREEDOM FROM DISRUPTION FREEDOM FROM WORRY REDUCE EMERGENCY RESPONSE