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• Act--The National Flood Insurance Act of 1968 and any amendments to it.

• Actual Cash Value (ACV)--The cost to replace an insured item of property at the time of loss, less the value of physical depreciation.

• Adjuster Control Office--An NFIP claims office similar to a Flood Insurance Claims Office (FICO) with the exception that the Adjuster Control Office does not house insured files, maintain a claims examiner staff at the site, or issue claim payments.

• Alternative Rating--A rating method used when a building is Pre-FIRM, the FIRM zone is unknown, and the community in which the building is located has no V zones. May also be used for renewal of policies in communities that have converted from the Emergency Program to the Regular Program during a policy’s term.

• Anchored--Adequately secured to prevent flotation, collapse, or lateral movement.

• Application--The statement made and signed by the prospective policyholder or the agent in applying for an NFIP flood insurance policy. The application gives information used to determine the eligibility of the risk, the kind of policy to be issued, and the correct premium payment. The application is part of the flood insurance policy. For a policy to be issued, the correct premium payment must accompany the application.

• Appurtenant Structure--A detached garage servicing a 1-4 family dwelling.

• Assignment--The transfer by a policyholder of his/her legal right or interest in a policy contract to a third party. In the NFIP, written assignment of a policy is permissible upon transfer of title without the consent of the Federal Emergency Management Agency (FEMA), except in the case where a residential (household) contents-only policy is involved or a policy was issued to cover a building in the course of construction.



• Base Flood--A flood having a one percent chance of being equaled or exceeded in any given year.

• Base Flood Depth (BFD)--The depth shown on the Flood Insurance Rate Map for Zone AO that indicates the depth of water above highest adjacent grade resulting from a flood that has a one percent chance of equaling or exceeding that level in any given year.

• Base Flood Elevation (BFE)--The elevation shown on the Flood Insurance Rate Map for Zones AE, AH, A1-A30, AR, AR/A, AR/AE, AR/A1-A30, AR/AH, AR/AO, V1-V30, and VE that indicates the water surface elevation resulting from a flood that has a one percent chance of equaling or exceeding that level in any given year.

• Basement--Any area of the building, including any sunken room or sunken portion of a room, having its floor below ground level (sub-grade) on all sides.

• Binder or Certificate of Insurance--A temporary agreement between company, producer, and insured that the policy is in effect. The NFIP does not recognize binders. However, the NFIP recognizes Certificates of Insurance for renewal policies.

• Blanket Insurance--A single amount of insurance applying to more than one building and/or contents. Blanket insurance is not permitted under the NFIP.

• Breakaway Wall--A wall that is not part of the structural support of the building and is intended through its design and construction to collapse under specific lateral loading forces, without causing damage to the elevated portion of the building or supporting foundation system.

• Building--

◦ A structure with two or more outside rigid walls and a fully secured roof, that is affixed to a permanent site; or

◦ A manufactured home (a "manufactured home," also known as a mobile home, is a structure built on a permanent chassis, transported to its site in one or more sections, and affixed to a permanent foundation); or

◦ A travel trailer without wheels, built on a chassis and affixed to a permanent foundation, that is regulated under the community's floodplain management and building ordinances or laws.

• "Building" does not mean a gas or liquid storage tank or a recreational vehicle, park trailer, or other similar vehicle, except as described above.

• Building in the Course of Construction--A walled and roofed building (see page GR 4 of the Flood Insurance Manual for exception) that is principally above ground and affixed to a permanent site. It does not include building materials or supplies intended for use in construction, alteration, or repair unless such materials or supplies are within an enclosed building on the premises.


Franklin Flood Insurance

Franklin Flood for Agents FEMA Definitions

This is a list of terms that have specific meaning to the National Flood Insurance Program (NFIP). In a few instances, standard industry terms have also been included for additional focus and emphasis.

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