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What is the deductible under a NFIP preferred risk policy?

Contents deductible, $1,000. To qualify for replacement cost claim settlement, a single-family dwelling must be the insureds primary residence and be insured to the maximum amount of insurance available under the program or no less than 80% of the replacement cost at the time of loss.

What is the most recent FEMA elevation certificate form?

Communities participating in the Community Rating System (CRS) are required to use the FEMA Online Elevation Certificate, FEMA Form FF-206-FY-22-152 (formerly 086-0-33).

What is FEMA 80% rule?

Your building coverage is at least 80 percent of the full replacement cost of the building, or is the maximum available for the property under the NFIP. The value of flood damage in the Dwelling Form is based on either Replacement Cost Value (RCV) or Actual Cash Value (ACV).

Which of the following flood zones is a preferred risk zone?

The PRP is available for property located in B, C and X Zones in Regular Program communities that meets eligibility requirements based on the propertys flood loss history. It is also available for buildings that are eligible under the PRP Eligibility Extension.

What does Sfhdf stand for?

STANDARD FLOOD HAZARD DETERMINATION FORM (SFHDF)

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