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Published byBaldric Small Modified over 6 years ago
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WHY HAVE A FREEBOARD? THERE ARE MANY GOOD REASONS TO ENFORCE ADDITIONAL ELEVATION (MARGIN OF SAFETY)
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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
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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
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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
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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
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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
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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
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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
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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 = $ $1800 MAXIMUM FLOOD INSURANCE SAVINGS PER YEAR = $514 TIME TO RECOUP ADDITIONAL EXPENSE = ABOUT 3 YEARS FLOOD INSURANCE WILL BE MORE COSTLY IN FUTURE
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Summary Slide WHY HAVE A FREEBOARD? PROTECTION OF LIFE AND PROPERTY
SAVINGS OVER LONGER TERM FREEDOM FROM DISRUPTION FREEDOM FROM WORRY REDUCE EMERGENCY RESPONSE
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