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Increased Cost of Compliance
The Basics
(Last updated July 25, 2006)
What is eligible for ICC money?
Structures: substantially damaged (greater than 50%)
by a flood or considered a repetitive loss and in the 100-year floodplain (the Special
Flood Hazard Area) and below the current Base Flood
Elevation (BFE) or higher local standard and covered by a standard flood insurance
policy
What is not eligible?
Structures already above the current BFE or in the X Zone, unless the community adopts a higher standard such as the ABFE
Structures covered by a Group Flood Insurance Policy, has condominium unit coverage, or has a policy issued or renewed in a parish or community that is part of the Emergency Program
Caution
Small Business Administration loans and Community Development Block Grants require using Advisory Base Flood Elevations
How much money can I get?
Maximum of $30,000 Based on a proof of loss, a detailed
elevation cost estimate/contract, and a substantial damage declaration from the community
ICC relationship to your flood policy
Maximum you can collect for a single-family dwelling is $250,000 including an ICC claim payment
$500,000 for a non-residential structure
What can I use the money for?
Meeting local floodplain ordinance requirements for rebuilding and repairing in ways that reduce future flood damage
What are my options?
Flood proof (non residential structures) Relocate Elevate Demolish
How do I make a claim?
Contact your insurance company/agent/adjuster
Are there deadlines?
Four years from the date of the substantial damage declaration or repetitive loss declaration
I qualify for ICC. But it is not enough to elevate, relocate, demolish or flood proof my home/business. Can I get money from another program to make up the difference?
Hazard Mitigation Grants Program (www.fema.gov/fima/hgmp)
Flood Mitigation Assistance (www.fema.gov/fima/fma)
Your community official must apply on your behalf
For additional information
Contact: The Floodplain Administrator in each
parish or community Your insurance agent NFIP at 1-800-427-4661 Visit the FEMA Web site at
www.fema.gov/business/nfip