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What is a 100 year floodline?

A 100-year flood is a flood event that has a 1% probability of occurring in any given year. The 100-year flood is also referred to as the 1% flood, since its annual exceedance probability is 1%, or as having a return interval of 100-years.

What is the Northern flood Agreement and when was it signed?

The Northern Flood Agreement (1997) (NFA) was developed and signed by the Manitoba government, the Manitoba Hydro-Electric Board, the Government of Canada and the Northern Flood Committee (representing Nelson House Cree Nation, Norway House Cree Nation, Cross Lake First Nation, Split Lake Cree Nation and York Factory ...

What is a flood clause?

A water exclusion clause is a restriction in homeowners and renter's insurance policies that denies coverage for some water-related claims. Events that are likely to fall under a water exclusion clause include damage caused by flood, tsunamis, standing water, groundwater, and drain or sewage backups.

What is generally included in a standard flood insurance policy?

A Standard Flood Insurance Policy is a single-peril (flood) policy that pays for direct physical damage to your insured property up to the replacement cost or Actual Cash Value (ACV) (See \u201cHow Flood Damages Are Valued\u201d) of the actual damages or the policy limit of liability, whichever is less.