|
floodsmart.gov
|
0 earned Badges No badges were found
Definitions (25)
1 |
0
0
act
The National Flood Insurance Act of 1968 and any amendments to it.
Meaning awaits approval from a moderator |
2 |
0
0
actual cash value
The cost to replace an insured item of property at the time of loss, less the value of physical depreciation.
Meaning awaits approval from a moderator |
3 |
0
0
base flood
The flood having a 1% chance of being equaled or exceeded in any given year.
Meaning awaits approval from a moderator |
4 |
0
0
base flood elevation
The elevation shown on the Flood Insurance Rate Map (FIRM) 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 1% chance of equaling or exceeding that level in any given year.
Meaning awaits approval from a moderator |
5 |
0
0
basement
Any area of the building, including any sunken room or sunken portion of a room, having its floor below ground level (subgrade) on all sides.
Meaning awaits approval from a moderator |
6 |
0
0
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.
Meaning awaits approval from a moderator |
7 |
0
0
community
A political entity that has the authority to adopt and enforce floodplain ordinances for the area under its jurisdiction. In most cases, a community is an incorporated city, town, township, borough, village, or an unincorporated area of a county or parish. However, some states have statutory authorities that vary from this description.
Meaning awaits approval from a moderator |
8 |
0
0
community rating system
A program developed by the FEMA Mitigation Division to provide incentives for those communities in the National Flood Insurance Program that have gone beyond the minimum floodplain management requirements to develop extra measures to provide protection from flooding.
Meaning awaits approval from a moderator |
9 |
0
0
condominium
That form of ownership of real property in which each unit owner has an undivided interest in common elements.
Meaning awaits approval from a moderator |
10 |
0
0
elevated building
A building that has no basement and has its lowest elevated floor raised above the ground level by foundation walls, shear walls, posts, piers, pilings, or columns. Solid foundation perimeter walls are not an acceptable means of elevating buildings in V and VE zones.
Meaning awaits approval from a moderator |
To view all 25 definitions, please sign in.