NATIONAL FLOOD INSURANCE PROGRAM LIMITS/RATES

(December 2023)

EMERGENCY PROGRAM

Residential Coverage
1-4 Family Dwelling	$35,000
Other Residential	$100,000
Contents (per unit)	$10,000

Non-residential Coverage
Non-residential	$100,000
Contents (per unit)	$100,000

EMERGENCY PROGRAM ANNUAL RATES

(Per Hundred Dollars)

Structure Type	Building	Contents
Residential	1.27	1.60
Non-Residential	1.38	2.70

Editor’s Note: Rates have been updated as of 2023; however, they are subject to change. See the Flood Insurance Manual to verify current rates.

REGULAR PROGRAM

Building Coverage
Single-Family	$250,000 - ($60,000 Basic - $190,000 Add'l)
2-4 Family	$250,000 - ($60,000 Basic - $190,000 Add'l)
Other Residential	$500,000 - ($175,000 Basic - $325,000 Add'l)
Non-Residential	$500,000 - ($175,000 Basic - $325,000 Add'l)

Editor’s note: 1 Family Dwelling is now termed Single Family, and 2-4 family dwelling is now termed 2-4 Family. Coverage limits for “Other Residential” were increased from $250,000 Basic - $75,000 additional.

Contents Coverage (per unit)
Residential	$100,000 - ($25,000 Basic - $75,000 Add'l)
Non-Residential	$500,000 - ($150,000 Basic - $350,000 Add'l)

Increased Cost of Compliance (ICC) Coverage

Under the Standard Flood Insurance Policy, up to $30,000 in additional coverage is available for the cost to:

· elevate,

· floodproof,

· demolish, or

· relocate

a covered building.

The increased cost must relate to complying with local or state flood laws or ordinances. ICC coverage, which is handled separately from a regular flood claim, may also be triggered if the damaged property is classified as a severe repetitive loss structure.

Related Article: Severe Repetitive Loss Structures