Transcription
National Flood Insurance ProgramDwelling FormStandard Flood Insurance PolicyF-122 / October 2015
FEDERAL EMERGENCY MANAGEMENT AGENCYFEDERAL INSURANCE ADMINISTRATIONSTANDARD FLOOD INSURANCE POLICYDWELLING FORMPLEASE READ THE POLICY CAREFULLY. THE FLOOD INSURANCE PROVIDED IS SUBJECT TO LIMITATIONS,RESTRICTIONS, AND EXCLUSIONS. THIS POLICY COVERS ONLY:1.A NON-CONDOMINIUM RESIDENTIAL BUILDING DESIGNED FOR PRINCIPAL USE AS A DWELLING PLACE OF ONETO FOUR FAMILIES, OR2.A SINGLE FAMILY DWELLING UNIT IN A CONDOMINIUM BUILDING.I. AGREEMENTThe Federal Emergency Management Agency (FEMA)provides flood insurance under the terms of the NationalFlood Insurance Act of 1968 and its Amendments, and Title44 of the Code of Federal Regulations.We will pay you for direct physicalloss by or from flood to your insuredproperty if you:2. Comply with all terms and con ditions of this policy; and3. Have furnished accurate informa tion and statements.We have the right to review the information you give us at anytime and to revise your policy based on our review.1. Have paid the correct premium;II. DEFINITIONSA. In this policy, “you” and “your” refer to the insured(s)shown on the Declarations Page of this policy and yourspouse, if a resident of the same household. Insured(s)includes: Any mortgagee and loss payee named in theApplication and Declarations Page, as well as any othermortgagee or loss payee determined to exist at the timeof loss in the order of precedence. “We,” “us,” and “our”refer to the insurer.Some definitions are complex because they are providedas they appear in the law or regulations, or result from courtcases. The precise definitions are intended to protect you.B. The following are the other key definitions we use inthis policy:1.Act. The National Flood Insurance Act of 1968 and anyamendments to it.2.Actual Cash Value. The cost to replace an insured itemof property at the time of loss, less the value of its physicaldepreciation.3.Application. The statement made and signed by you oryour agent in applying for this policy. The applicationgives information we use to determine the eligibility of therisk, the kind of policy to be issued, and the correctpremium payment. The application is part of this floodinsurance policy. For us to issue you a policy, the correctpremium payment must accompany the application.4.Base Flood. A flood having a one percent chance ofbeing equaled or exceeded in any given year.5.Basement. Any area of the building, including anysunken room or sunken portion of a room, having its floorbelow ground level (subgrade) on all sides.6.Building.Flood, as used in this flood insurance policy, means:1.2.A general and temporary condition of partial or completeinundation of two or more acres of normally dry land areaor of two or more properties (one of which is yourproperty) from:a.Overflow of inland or tidal waters,b.Unusual and rapid accumulation or runoff of surfacewaters from any source,c.Mudflow.Collapse or subsidence of land along the shore of alake or similar body of water as a result of erosion orundermining caused by waves or currents of waterexceeding anticipated cyclical levels that result in a floodas defined in A.1.a. above.SFIP DWELLING FORMa.A structure with two or more outside rigid wallsand a fully secured roof, that is affixed to apermanent site;PAGE 1 OF 26
b.c.A manufactured home (a “manufactured home,”also known as a mobile home, is a structure: builton a permanent chassis, transported to its site inone or more sections, and affixed to a permanentfoundation); orA travel trailer without wheels, built on a chassis andaffixed to a permanent foundation, that is regulatedunder the community’s floodplain management andbuilding ordinances or laws.Building does not mean a gas or liquid storage tank or arecreational vehicle, park trailer or other similar vehicle,except as described in B.6.c. above.7.Cancellation. The ending of the insurance coverageprovided by this policy before the expiration date.8.Condominium. That form of ownership of real propertyin which each unit owner has an undivided interest incommon elements.9.Condominium Association. The entity made up of theunit owners responsible for the maintenance andoperation of:a.Common elements owned in undivided shares byunit owners; andb.Other real property in which the unit owners haveuse rights; where membership in the entity is arequired condition of unit ownership.10. Declarations Page. A computer-generated summary ofinformation you provided in the application for insurance.The Declarations Page also describes the term of thepolicy, limits of coverage, and displays the premium andour name. The Declarations Page is a part of this floodinsurance policy.11. Described Location. The location where the insuredbuilding(s) or personal property are found. The describedlocation is shown on the Declarations Page.12.Direct Physical Loss By or FromFlood. Loss or damage to insuredproperty, directly caused by aflood. There must be evidence ofphysical changes to the property.16. Expense Constant. A flat charge you must pay on eachnew or renewal policy to defray the expenses of theFederal Government related to flood insurance.17. Federal Policy Fee. A flat charge you must pay on eachnew or renewal policy to defray certain administrativeexpenses incurred in carrying out the National FloodInsurance Program. This fee covers expenses notcovered by the Expense Constant.18. Improvements. Fixtures, alterations, installations, oradditions comprising a part of the insured dwelling or theapartment in which you reside.19. Mudflow. A river of liquid and flowing mud on the surfaceof normally dry land areas, as when earth is carried by acurrent of water. Other earth movements, such aslandslide, slope failure, or a saturated soil mass movingby liquidity down a slope, are not mudflows.20. National Flood Insurance Program (NFIP). Theprogram of flood insurance coverage and floodplainmanagement administered under the Act and applicableFederal regulations in Title 44 of the Code of FederalRegulations, Subchapter B.21. Policy. The entire written contract between you and us.It includes:a.This printed form;b.The application and Declarations Page;c.Any endorsement(s) that may be issued; andd.Any renewal certificate indicating that coverage hasbeen instituted for a new policy and new policy term.Only one dwelling, which youspecifically described in theapplication, may be insured underthis policy.22. Pollutants. Substances that include, but are not limitedto, any solid, liquid, gaseous, or thermal irritant orcontaminant, including smoke, vapor, soot, fumes, acids,alkalis, chemicals, and waste. “Waste” includes, but isnot limited to, materials to be recycled, reconditioned, orreclaimed.13. Dwelling. A building designed for use as a residence forno more than four families or a single-family unit in abuilding under a condominium form of ownership.23. Post-FIRM Building. A building for which constructionor substantial improvement occurred after December 31,1974, or on or after the effective date of an initial FloodInsurance Rate Map (FIRM), whichever is later.14. Elevated Building. A building that has no basement andthat has its lowest elevated floor raised above groundlevel by foundation walls, shear walls, posts, piers,pilings, or columns.24. Probation Premium. A flat charge you must pay oneach new or renewal policy issued covering property in acommunity the NFIP has placed on probation under theprovisions of 44 CFR 59.24.15. Emergency Program. The initial phase of a community’sparticipation in the National Flood Insurance Program.During this phase, only limited amounts of insurance areavailable under the Act.25. Regular Program. The final phase of a community’sparticipation in the National Flood Insurance Program. Inthis phase, a Flood Insurance Rate Map is in effect andfull limits of coverage are available under the Act.SFIP DWELLING FORMPAGE 2 OF 26
26. Special Flood Hazard Area. An area having specialflood or mudflow, and/or flood-related erosion hazards,and shown on a Flood Hazard Boundary Map or FloodInsurance Rate Map as Zone A, AO, A1–A30, AE, A99,AH, AR, AR/A, AR/AE, AR/AH, AR/AO, AR/A1–A30,V1–V30, VE, or V.27. Unit. A single-family unit you own in a condominiumbuilding.28. Valued Policy. A policy in which the insured and theinsurer agree on the value of the property insured, thatvalue being payable in the event of a total loss. TheStandard Flood Insurance Policy is not a valued policy.III. PROPERTY COVEREDA. COVERAGE A—BUILDING PROPERTYWe insure against direct physical loss by or from flood to:1.The dwelling at the described location, or for a periodof 45 days at another location as set forth in III.C.2.b.,Property Removed to Safety.2.Additions and extensions attached to and in contact withthe dwelling by means of a rigid exterior wall, a solid loadbearing interior wall, a stairway, an elevated walkway, or aroof. At your option, additions and extensions connectedby any of these methods may be separately insured.Additions and extensions attached to and in contact withthe building by means of a common interior wall that isnot a solid load-bearing wall are always considered partof the dwelling and cannot be separately insured.3. A detached garage at the describedlocation. Coverage is limited tono more than 10% of the limit ofliability on the dwelling. Use ofthis insurance is at your optionbut reduces the building limitof liability. We do not cover anydetached garage used or held foruse for residential (i.e., dwelling),business, or farming purposes.4.Materials and supplies to be used for construction,alteration, or repair of the dwelling or a detached garagewhile the materials and supplies are stored in a fullyenclosed building at the described location or on anadjacent property.5.A building under construction, alteration, or repair at thedescribed location.a.If the structure is not yet walled or roofed asdescribed in the definition for building (see II.B. 6.a.)then coverage applies:(1) Only while such work is in progress; or(2) If such work is halted, only for a period of up to90 continuous days thereafter.SFIP DWELLING FORMb. However, coverage does notapply until the building is walledand roofed if the lowest floor,including the basement floor,of a non-elevated building orthe lowest elevated floor of anelevated building is:(1) Below the base floodelevation in Zones AH, AE,A1–A30, AR, AR/AE, AR/AH, AR/A1–A30, AR/A, AR/AO; or(2) Below the base flood ele vation adjusted to includethe effect of wave action inZones VE or V1–V30.The lowest floor levels are based on the bottom ofthe lowest horizontal structural member of the floor inZones VE or V1–V30 and the top of the floor in ZonesAH, AE, A1–A30, AR, AR/AE, AR/AH, AR/A1–A30,AR/A, AR/AO.6. A manufactured home or atravel trailer as described in theDefinitions section (see II.B.6.b.and II.B.6.c.).If the manufactured home or traveltrailer is in a special flood hazardarea, it must be anchored in thefollowing manner at the time ofthe loss:a. By over-the-top or frame ties toground anchors; orPAGE 3 OF 26
b. In accordance with the manu facturer’s specifications; orc. In compliance with the commu nity’s floodplain managementrequirements unless it hasbeen continuously insured bythe NFIP at the same describedlocationsinceSeptember30, 1982.7.The following items of property which are covered underCoverage A only:a.Awnings and canopies;b.Blinds;c.Built-in dishwashers;d.Built-in microwave ovens;e.Carpet permanently installed over unfinishedflooring;f.Central air conditioners;g.Elevator equipment;h.Fire sprinkler systems;i.Walk-in freezers;j.Furnaces and radiators;k.Garbage disposal units;l.Hot water heaters, including solar water heaters;m. Light fixtures;n.Outdoor antennas and aerials fastened to buildings;o.Permanently installed cupboards, bookcases,cabinets, paneling, and wallpaper;p.Plumbing fixtures;q.Pumps and machinery for operating pumps;r.Ranges, cooking stoves, and ovens;s.Refrigerators; andt.Wall mirrors, permanently installed.8. Items of property in a buildingenclosure below the lowestelevated floor of an elevated postFIRM building located in ZonesA1–A30, AE, AH, AR, AR/A, AR/AE,AR/AH, AR/A1–A30, V1–V30, orVE, or in a basement, regardlessof the zone. Coverage is limited tothe following:SFIP DWELLING FORMa. Any of the following items, ifinstalled in their functioninglocations and, if necessaryfor operation, connected to apower source:(1) Central air conditioners;(2) Cisterns and the waterin them;(3) Drywall for walls andceilings in a basement andthe cost of labor to nail it,unfinished and unfloatedand not taped, to theframing;(4) Electrical junction andcircuit breaker boxes;(5) Electrical outlets andswitches;(6) Elevators,dumbwaiters,and related equipment,except for related equip ment installed below thebase flood elevation afterSeptember 30, 1987;(7) Fuel tanks and the fuelin them;(8) Furnaces and hot waterheaters;(9) Heat pumps;(10) Nonflammable insulationin a basement;(11) Pumps and tanks used insolar energy systems;(12) Stairways and staircasesattached to the building,PAGE 4 OF 26
not separated from it byelevated walkways;Personal property in a buildingthat is not fully enclosed must besecured to prevent flotation out ofthe building. If the personal prop erty does float out during a flood,it will be conclusively presumedthat it was not reasonably secured.In that case there is no coveragefor such property.(13) Sump pumps;(14) Water softeners and thechemicals in them, waterfilters, and faucets installedas an integral part of theplumbing system;(15) Well water tanks andpumps;2.(16) Required utility connectionsfor any item in this list; and(17) Footings,foundations,posts, pilings, piers, orother foundation wallsand anchorage systemsrequired to support abuilding.b.Clean-up.B. COVERAGE B—PERSONAL PROPERTY1. If you have purchased personalproperty coverage, we insureagainst direct physical loss by orfrom flood to personal propertyinside a building at the describedlocation, if:a. The property is owned byyou or your household familymembers; anda.Air conditioning units, portable or window type;b.Carpets, not permanently installed, over unfinishedflooring;c.Carpets over finished flooring;d.Clothes washers and dryers;e.“Cook-out” grills;f.Food freezers, other than walk-in, and food in anyfreezer; 3. Coverage for items of propertyin a building enclosure below thelowest elevated floor of an ele vated post-FIRM building locatedin Zones A1–A30, AE, AH, AR,AR/A, AR/AE, AR/AH, AR/A1–A30,V1–V30, or VE, or in a basement,regardless of the zone, is limitedto the following items, if installedin their functioning locations and,if necessary for operation, con nected to a power source:a. Air conditioning units, portableor window type;b. At your option, the property isowned by guests or servants.b. Clothes washers and dryers;andPersonal property is also coveredfor a period of 45 days at anotherlocation as set forth in III.C.2.b.,Property Removed to Safety.c. Food freezers, other thanwalk-in, and food in any freezer.4.SFIP DWELLING FORMCoverage for personal property includes the followingproperty, subject to B.1. above, which is covered underCoverage B only:If you are a tenant and have insured personal propertyunder Coverage B in this policy, we will cover suchPAGE 5 OF 26
d. Furs or any article containingfur which represents itsprincipal value; orproperty, including your cooking stove or range andThe policy will also coverimprovements made or acquiredsolely at your expense in thedwelling or apartment in whichyou reside, but for not more than10% of the limit of liability shownfor personal property on theDeclarations Page. Use of thisinsurance is at your option butreduces the personal propertylimit of liability.refrigerator.5. If you are the owner of a unit andhave insured personal propertyunder Coverage B in this policy,we will also cover your interiorwalls, floor, and ceiling (nototherwise covered under a floodinsurance policy purchased byyour condominium association)for not more than 10% of the limitof liability shown for personalproperty on the Declarations Page.Use of this insurance is at youroption but reduces the personalproperty limit of liability.e. Personal property used inany business.7. We will pay only for the functionalvalue of antiques.C. COVERAGE C—OTHER COVERAGES1.2.Debris Removala.We will pay the expense to remove non-owneddebris that is on or in insured property and debris ofinsured property anywhere.b.If you or a member of your household perform theremoval work, the value of your work will be basedon the Federal minimum wage.c.This coverage does not increase the Coverage A orCoverage B limit of liability.Loss Avoidance Measuresa.Sandbags, Supplies, and Labor(1) We will pay up to 1,000 forcosts you incur to protectthe insured building from aflood or imminent danger offlood, for the following:(a) Your reasonable expensesto buy:6. Special Limits. We will pay no morethan 2,500 for any one loss to oneor more of the following kinds ofpersonal property:(i)(ii) Fill for temporary levees;a. Artwork, photographs, collect ibles, or memorabilia, includingbut not limited to, porcelain orother figures, and sports cards;b. Rare books or autographeditems;c. Jewelry, watches, precious andsemi-precious stones, or arti cles of gold, silver, or platinum;SFIP DWELLING FORMSandbags, including sand to fillthem;(iii) Pumps; and(iv) Plastic sheeting and lumber used inconnection with these items.(b)(2)The value of work, at the Federalminimum wage, that you or a member ofyour household perform.This coverage for Sandbags, Supplies andLabor only applies if damage to insuredproperty by or from flood is imminent and thethreat of flood damage is apparent enoughto lead a person of common prudence toanticipate flood damage. One of the followingmust also occur:PAGE 6 OF 26
(a)A general and temporary condition offlooding in the area near the describedlocation must occur, even if the flooddoes not reach the building; or(b)A legally authorized official must issuean evacuation order or other civil orderfor the community in which the building islocated calling for measures to preservelife and property from the peril of flood.This coverage does not increase the CoverageA or Coverage B limit of liability.b.Property Removed to Safety(1) We will pay up to 1,000 forthe reasonable expensesyou incur to move insuredproperty to a place otherthan the described locationthat contains the propertyin order to protect it fromflood or the imminentdanger of flood.Reasonable expenses include the value ofwork, at the Federal minimum wage, you or amember of your household perform.(2) If you move insured prop erty to a location otherthan the described locationthat contains the property,in order to protect it fromflood or the imminent dan ger of flood, we will coversuch property while at thatlocation for a period of 45consecutive days from thedate you begin to move itthere. The personal prop erty that is moved must beplaced in a fully enclosedbuildingorotherwisereason ably protected fromthe elements.Any property removed,including a moveable homeSFIP DWELLING FORMdescribed in II.6.b. andc., must be placed aboveground level or outside ofthe special flood hazardarea.This coverage does not increase theCoverage A or Coverage B limit of liability.3.Condominium Loss Assessmentsa.If this policy insures a unit, we will pay, up tothe Coverage A limit of liability, your share ofloss assessments charged against you by thecondominium association in accordance with thecondominium association’s articles of association,declarations and your deed.The assessment must be madeas a result of direct physicalloss by or from flood during thepolicy term, to the building’scommon elements.b. We will not pay any lossassessment charged againstyou:(1) And the condominiumassociation by any govern mental body;(2) Thatresultsfromadeductible under the insur ance purchased by thecondominium associationinsuring common elements;(3) That results from a loss topersonal property, includingcontents of a condominiumbuilding;(4) That results from a loss sus tained by the condominiumassociation that was notreimbursed under a floodinsurance policy writtenin the name of thePAGE 7 OF 26
asso ci a tion under the Actbecause the building wasnot, at the time of loss,insured for an amountequal to the lesser of:damage. Compliance activities eligible for payment are:elevation, floodproofing, relocation, or demolition (orany combination of these activities) of your structure.Eligible floodproofing activitiesare limited to:a. Non-residential structures.(a) 80% or more of its fullreplacement cost; orb. Residential structures withbasements that satisfy FEMA’sstandards published in theCode of Federal Regulations [44CFR 60.6 (b) or (c)].(b) The maximum amountof insurance permittedunder the Act;(5) To the extent that paymentunder this policy for a con dominium building loss, incombination with paymentsunder any other NFIP poli cies for the same buildingloss, exceeds the maximumamount of insurance per mitted under the Act forthat kind of building; or(6) To the extent that pay ment under this policy fora condominium buildingloss, in combination withany recovery available toyou as a tenant in commonunder any NFIP condomin ium association policiesfor the same building loss,exceeds the amount ofinsurance permitted underthe Act for a single-familydwelling.Loss assessment coverage does not increase theCoverage A limit of liability.D.COVERAGE D—INCREASED COST OF COMPLIANCE1.GeneralThis policy pays you to comply with a State or localfloodplain management law or ordinance affectingrepair or reconstruction of a structure suffering floodSFIP DWELLING FORM2.Limit of LiabilityWe will pay you up to 30,000under this Coverage D—IncreasedCost of Compliance, which onlyapplies to policies with buildingcoverage (Coverage A). Our pay ment of claims under CoverageD is in addition to the amount ofcoverage which you selected onthe application and which appearson the Declarations Page. But themaximum you can collect underthis policy for both Coverage A—Building Property and CoverageD—Increased Cost of Compliancecannot exceed the maximum per mitted under the Act. We do not charge aseparate deductible for a claim under Coverage D.3.Eligibilitya. A structure covered underCoverage A—Building Propertysustaining a loss caused bya flood as defined by thispolicy must:(1) Be a “repetitive lossstructure.” A repetitive loss structureis one that meets the following conditions:(a) The structure is covered by a contract offlood insurance issued under the NFIP.PAGE 8 OF 26
flood elevation.) IncreasedCost ofCompliance coverage doesnot apply to situations inB, C, X, or D zones wherethe community has derivedits own elevations andis enforcing elevation orfloodproofing requirementsfor flood-damaged struc tures to elevations derivedsolely by the community.(b) The structure has suffered flood damageon two occasions during a 10-year periodwhich ends on the date of the second loss.(c) The cost to repair the flood damage, onaverage, equaled or exceeded 25% of themarket value of the structure at the time ofeach flood loss.(d) In addition to the current claim, the NFIPmust have paid the previous qualifyingclaim, and the State or community musthave a cumulative, substantial damageprovision or repetitive loss provision in itsfloodplain management law or ordinancebeing enforced against the structure; or(2) Be a structure that has hadflood damage in which thecost to repair equals orexceeds 50% of the marketvalue of the structure at thetime of the flood. The State or(3) Elevation or floodproofingabove the base flood eleva tion to meet State or local“freeboard” requirements,i.e., that a structure mustbe elevated above the baseflood elevation.community must have a substantial damageprovision in its floodplain management lawor ordinance being enforced against thestructure.b.c.Under the minimum NFIP criteria at 44 CFR60.3 (b)(4), States and communities must requirethe elevation or floodproofing of structures inunnumbered A zones to the base flood elevationwhere elevation data is obtained from a Federal,State, or other source. Such compliance activitiesare also eligible for Coverage D.d.This coverage will also pay for the incrementalcost, after demolition or relocation, of elevatingor floodproofing a structure during its rebuildingat the same or another site to meet State or localfloodplain management laws or ordinances, subjectto Exclusion D.5.g. below.e.This coverage will also pay to bring a flooddamaged structure into compliance with state orlocal floodplain management laws or ordinanceseven if the structure had received a variance beforethe present loss from the applicable floodplainmanagement requirements.This Coverage D pays you to comply with State orlocal floodplain management laws or ordinancesthat meet the minimum standards of the NationalFlood Insurance Program found in the Code ofWe payfor compliance activities thatexceed those standards underthese conditions:Federal Regulations at 44 CFR 60.3.(1) 3.a.(1) above.(2) Elevation or floodproofingin any risk zone to pre liminary or advisory baseflood elevations providedby FEMA which the Stateor local government hasadopted and is enforcingfor flood-damaged struc tures in such areas. (Thisincludes compliance activities in B, C, X,or D zones which are being changed tozones with base flood elevations. This alsoincludes compliance activities in zoneswhere base flood elevations are beingincreased, and a flood-damaged structuremust comply with the higher advisory baseSFIP DWELLING FORM4.Conditionsa. When a structure coveredunder Coverage A—BuildingProperty sustains a loss causedby a flood, our payment forthe loss under this CoverageD will be for the increasedcost to elevate, floodproof,relocate, or demolish (or anyPAGE 9 OF 26
combination of these activities)caused by the enforcement ofcurrent State or local floodplainmanagement ordinances orlaws. Our payment for eligibledemolition activities will be forthe cost to demolish and clearthe site of the building debris ora portion thereof caused by theenforcement of current State orlocal floodplain managementordinances or laws. Eligibleactivities for the cost ofclearing the site will includethose necessary to discontinueutility service to the site andensure proper abandonment ofon-site utilities.b. When the building is repairedor rebuilt, it must be intendedfor the same occupancy asthe present building unlessotherwise required by currentfloodplain management ordi nances or laws.5.ExclusionsUnder this Coverage D (IncreasedCost of Compliance) we will notpay for:a. The cost to comply with anyfloodplain management lawor ordinance in communitiesparticipating in the EmergencyProgram.b. The cost associated withenforcement of any ordinanceor law that requires any insuredor others to test for, monitor,clean up, remove, contain, treat,detoxify or neutralize, or in anySFIP DWELLING FORMway respond to, or assess theeffects of pollutants.c. The loss in value to any insuredbuilding or other structure dueto the requirements of anyordinance or law.d. The loss in residual value of theundamaged portion of a buildingdemolished as a consequenceof enforcement of any State orlocal floodplain managementlaw or ordinance.e. Any Increased Cost of Compliance under this Coverage D:(1) Until the building is elevated,floodproofed, demolished,or relocated on the same orto another premises; and(2) Unless the building iselevated,floodproofed,demolished, or relocated assoon as reasonably possibleafter the loss, not to exceedtwo years.f. Any code upgrade require ments, e.g., plumbing orelectrical wiring, not specifi cally related to the State or localfloodplain management law orordinance.g. Anycomplianceactivitiesneeded to bring additionsor improvements made afterthe loss occurred into com pliance with State or localfloodplain management laws orordinances.PAGE 10 OF 26
h. Loss due to any ordinanceor law that you were requiredto comply with before thecurrent loss.i. Any rebuilding activity tostandards that do not meet theNFIP’s minimum requirements.This includes any situationwhere the insured has receivedfrom the State or community avariance in connection with thecurrent flood loss to rebuild theproperty to an elevation belowthe base flood elevation.k. Any structure insured under anNFIP Group Flood InsurancePolicy.l. Assessments made by a con dominiumassociationonindividual condominium unitowners to pay increased costsof repairing commonly ownedbuildings after a flood in com pliance with State or localfloodplain management ordi nances or laws.6.Other Provisionsa.Increased Cost of Compliance coverage will not beincluded in the calculation to determine whethercoverage meets the 80% insurance-to-valuerequirement for replacement cost coverage as setforth in VII. General Conditions, V. Loss Settlement.b.All other conditions and provisions of the policyapply.j. Increased Cost of Compliancefor a garage or carport.IV. PROPERTY NOT COVEREDWe do not cover any of the following:1. Personal property not inside abuilding;2. A building, and personal propertyin it, located entirely in, on, orover water or seaward of meanhigh tide if it was constructedor substantially improved afterSeptember 30, 1982;3. Open structures, including abuilding used as a boathouseor any structure or building intowhich boats are floated, andpersonal property located in, on,or over water;4. Recreational vehicles other thantravel trailers described in theSFIP DWELLING FORMDefinitions section (see II.B.6.c.)whether affixed to a permanentfoundation or on wheels;5. Self-propelledvehiclesormachines, including their partsand equipment. However, we docover self-propelled vehicles ormachines not licensed for use onpublic roads that are:a. Used mainly to service thedescribed location orb. Designed and used to assisth
SFIP DWELLING FORM PAGE 3 OF 26 26. Special Flood Hazard Area. An area having special flood or mudflow, and/or flood-related erosion hazards, and shown on a Flood Hazard Boundary Map or Flood
