RATING This section contains information, including rate tables, required to accurately rate a National Flood Insurance Program (NFIP) flood insurance policy. Information and rates for the Preferred Risk Policy (PRP) and Residential Condominium Building Association Policy (RCBAP) are found in their respective sections. I. AMOUNTOFINSURANCEAVAILABLE The detailed drawings, and accompanying text and tables, in the Lowest Floor Guide section are to be used as a guide for identifying the lowest floor for rating buildings. This guide will assist in developing the proper rate for the building. Examples of some rating situations are shown at the end of this section. EMERGENCY REGULAR PROGRAM Basic Additional Total BUILDING COVERAGE PROGRAM Insurance Limits Insurance Limits Insurance Limits Single-Family Dwelling $ 35,000 * $ 60,000 $190,000 $250,000 2–4 Family Dwelling $ 35,000 * $ 60,000 $190,000 $250,000 Other Residential $100,000 ** $175,000 $ 75,000 $250,000 Non-Residential $100,000 ** $175,000 $325,000 $500,000 CONTENTS COVERAGE Residential $ 10,000 $ 25,000 $ 75,000 $100,000 Non-Residential $100,000 $150,000 $350,000 $500,000 * In Alaska, Guam, Hawaii, and U.S. Virgin Islands, the amount available is $50,000. ** In Alaska, Guam, Hawaii, and U.S. Virgin Islands, the amount available is $150,000. NOTE:For the RCBAP, refer to the Condominiums section of this manual for basic insurance limits and maximum amount of insurance available. II. RATETABLES Rate tables are provided for the Emergency Program tentative rates (for more information, see the Tentative and for the Regular Program according to Pre-FIRM, Rates subsection in this section). See Table 7 for Post-FIRM, and zone classifications. Tables 1–5 show Federal Policy Fee and Probation Surcharge. annual rates per $100 of coverage. Table 6 provides TABLE1.EMERGENCYPROGRAMRATES ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional) BUILDING CONTENTS Residential .76 .96 Non-Residential .83 1.62 RATE1 May 1, 2011 TABLE2A.REGULARPROGRAM–PRE-FIRMCONSTRUCTIONRATES1 ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional) FIRM ZONES A, AE, A1–A30, AO, AH, D2 OCCUPANCY SINGLE FAMILY 2–4 FAMILY OTHER RESIDENTIAL NON-RESIDENTIAL Building Contents Building Contents Building Contents Building Contents BUILDING TYPENo Basement/Enclosure With Basement With Enclosure3 Elevated on Crawlspace Non-Elevated with Subgrade Crawlspace Manufactured (Mobile) Home4 .76 / .77 .81 /1.14 .81 /1.37 .76 / .77 .76 / .77 .76 / .77 .96 /1.38 .96 /1.16 .96 /1.38 .96 /1.38 .96 /1.16 .96 /1.38 .76 / .77 .81 /1.14 .81 /1.37 .76 / .77 .76 / .77 .76 /1.61 .76 /1.34 .81 /1.68 .76 /1.61 .76 /1.61 .83 /1.54 .88 /1.51 .88 /1.90 .83 /1.54 .83 /1.54 .83 /1.54 CONTENTS LOCATION Basement & Above5 Enclosure & Above6 Lowest Floor Only — Above Ground Level Lowest Floor Above Ground Level and Higher Floors Above Ground Level — More Than 1 Full Floor Manufactured (Mobile) Home4 .96 /1.16 .96 /1.38 .96 /1.38 .96 / .96 .35 / .19 .96 /1.16 .96 /1.38 .96 /1.38 .96 / .96 .35 / .19 1.62 /2.58 1.62 /3.08 1.62 /1.36 1.62 /1.16 .24 / .19 1.62 /1.36 FIRM ZONES V, VE, V1–V30 OCCUPANCY SINGLE FAMILY 2–4 FAMILY OTHER RESIDENTIAL NON-RESIDENTIAL Building Contents Building Contents Building Contents Building Contents BUILDING TYPENo Basement/Enclosure With Basement With Enclosure3 Elevated on Crawlspace Non-Elevated with Subgrade Crawlspace Manufactured (Mobile) Home4 .99 /1.94 1.06 /2.89 1.06 /3.41 .99 /1.94 .99 /1.94 .99 /6.11 1.23 / 3.32 1.23 / 2.81 1.23 / 3.31 1.23 / 3.32 1.23 / 2.81 1.23 / 3.31 .99 /1.94 1.06 /2.89 1.06 /3.41 .99 /1.94 .99 /1.94 .99 /3.58 1.06 /5.35 1.06 /5.98 .99 /3.58 .99 /3.58 1.10 / 3.72 1.16 / 5.52 1.16 / 6.16 1.10 / 3.72 1.10 / 3.72 1.10 /10.49 CONTENTS LOCATION Basement & Above5 Enclosure & Above6 Lowest Floor Only — Above Ground Level Lowest Floor Above Ground Level and Higher Floors Above Ground Level — More Than 1 Full Floor Manufactured (Mobile) Home4 1.23 /2.81 1.23 /3.31 1.23 /3.31 1.23 /2.91 .47 / .44 1.23 /2.81 1.23 /3.31 1.23 /3.31 1.23 /2.91 .47 / .44 2.14 / 6.52 2.14 / 7.04 2.14 / 5.90 2.14 / 5.10 .45 / .57 2.14 / 9.80 FIRM ZONES A99, B, C, X OCCUPANCY SINGLE FAMILY 2–4 FAMILY OTHER RESIDENTIAL NON-RESIDENTIAL Building Contents Building Contents Building Contents Building Contents BUILDING TYPENo Basement/Enclosure With Basement With Enclosure3 Elevated on Crawlspace Non-Elevated with Subgrade Crawlspace Manufactured (Mobile) Home4 .96 / .25 1.08 / .37 1.08 / .41 .96 / .25 .96 / .25 .96 / .46 1.46 / .45 1.65 / .53 1.65 / .60 1.46 / .45 1.46 / .45 1.46 / .45 .96 / .25 1.08 / .37 1.08 / .41 .96 / .25 .96 / .25 .90 / .25 1.15 / .37 1.15 / .41 .90 / .25 .90 / .25 .90 / .25 1.15 / .37 1.15 / .41 .90 / .25 .90 / .25 1.15/ .48 CONTENTS LOCATION Basement & Above5 Enclosure & Above6 Lowest Floor Only — Above Ground Level Lowest Floor Above Ground Level and Higher Floors Above Ground Level — More Than 1 Full Floor Manufactured (Mobile) Home4 1.86 / .69 1.86 / .79 1.46 / .73 1.46/ .45 .43 / .15 1.86 / .69 1.86 / .79 1.46 / .73 1.46/ .45 .43 / .15 1.91 / .75 1.91 / .88 1.18 / .53 1.18 / .38 .27 / .15 1.03 / .64 1 Pre-FIRM construction refers to a building that has a date of construction or substantial improvement date on or before 12/31/74, or before the effective date of the initial Flood Insurance Rate Map (FIRM), whichever is later. If the building is a non-principal/non-primary residence located in an SFHA or Zone D, use Table 2B. 2 Pre-FIRM buildings with subgrade crawlspaces that are below the Base Flood Elevation (BFE) may use optional Post-FIRM elevation rating. Follow the Submit-for-Rate procedures for policy processing. 3 For an elevated building on a crawlspace with an attached garage without openings, use “With Enclosure” rates. 4 The definition of Manufactured (Mobile) Home includes travel trailers; see the Definitions section of this manual. 5 Includes subgrade crawlspace. 6 Includes crawlspace. RATE2 January 1, 2013 TABLE2B.REGULARPROGRAM–PRE-FIRMCONSTRUCTIONRATES1 NON-PRINCIPAL/NON-PRIMARYRESIDENCE2 ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional) FIRM ZONES A, AE, A1–A30, AO, AH, D3 OCCUPANCY SINGLE FAMILY 2–4 FAMILY (CONDO UNIT)4 OTHER RESIDENTIAL (CONDO UNIT)4 Building Contents Building Contents Building Contents BUILDING TYPENo Basement/Enclosure With Basement With Enclosure5 Elevated on Crawlspace Non-Elevated with Subgrade Crawlspace Manufactured (Mobile) Home6 .95/ .83 1.02/ 1.22 1.02/ 1.47 .95/ .83 .95/ .83 .95/ .83 1.20/ 1.48 1.20/ 1.24 1.20/ 1.48 1.20/ 1.48 1.20/ 1.24 1.20/ 1.48 .95/ .83 1.02/ 1.22 1.02/ 1.47 .95/ .83 .95/ .83 .95/ .83 1.02/ 1.22 1.02/ 1.47 .95/ .83 .95/ .83 CONTENTS LOCATION Basement & Above7 Enclosure & Above8 Lowest Floor Only — Above Ground Level Lowest Floor Above Ground Level and Higher Floors Above Ground Level — More Than 1 Full Floor Manufactured (Mobile) Home6 1.20/ 1.24 1.20/ 1.48 1.20/ 1.48 1.20/ 1.03 .44/ .20 1.20/ 1.24 1.20/ 1.48 1.20/ 1.48 1.20/ 1.03 .44/ .20 FIRM ZONES V, VE, V1–V30 OCCUPANCY SINGLE FAMILY 2–4 FAMILY (CONDO UNIT)4 OTHER RESIDENTIAL (CONDO UNIT)4 Building Contents Building Contents Building Contents BUILDING TYPENo Basement/Enclosure With Basement With Enclosure5 Elevated on Crawlspace Non-Elevated with Subgrade Crawlspace Manufactured (Mobile) Home6 1.24/ 2.13 1.33/ 3.17 1.33/ 3.74 1.24/ 2.13 1.24/ 2.13 1.24/ 7.64 1.54/ 3.64 1.54/ 3.08 1.54/ 3.63 1.54/ 3.64 1.54/ 3.08 1.54/ 3.63 1.24/ 2.13 1.33/ 3.17 1.33/ 3.74 1.24/ 2.13 1.24/ 2.13 1.24/ 2.13 1.33/ 3.17 1.33/ 3.74 1.24/ 2.13 1.24/ 2.13 CONTENTS LOCATION Basement & Above7 Enclosure & Above8 Lowest Floor Only — Above Ground Level Lowest Floor Above Ground Level and Higher Floors Above Ground Level — More Than 1 Full Floor Manufactured (Mobile) Home6 1.54/ 3.08 1.54/ 3.63 1.54/ 3.63 1.54/ 3.19 .59/ .48 1.54/ 3.08 1.54/ 3.63 1.54/ 3.63 1.54/ 3.19 .59/ .48 1 Pre-FIRM construction refers to a building that has a date of construction or substantial improvement date on or before 12/31/74, or before the effective date of the initial Flood Insurance Rate Map (FIRM), whichever is later. 2 For rating purposes only, FEMA defines a non-principal/non-primary residence as a building that will not be lived in by the insured or the insured’s spouse for at least 80% of the 365 days following the policy effective date. 3 Pre-FIRM buildings with subgrade crawlspaces that are below the Base Flood Elevation (BFE) may use optional Post-FIRM elevation rating. Follow the Submit-for-Rate procedures for policy processing. 4 Individually owned unit in the condominium form of ownership located within a multi-unit building. 5 For an elevated building on a crawlspace with an attached garage without openings, use “With Enclosure” rates. 6 The definition of Manufactured (Mobile) Home includes travel trailers; see the Definitions section of this manual. 7 Includes subgrade crawlspace. 8 Includes crawlspace. RATE2A January 1, 2013 This page is intentionally left blank. RATE2B January 1, 2013 TABLE3A.REGULARPROGRAM–POST-FIRMCONSTRUCTIONRATES ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional) FIRM ZONES A99, B, C, X OCCUPANCY SINGLE FAMILY 2–4 FAMILY OTHER RESIDENTIAL NON-RESIDENTIAL Building Contents Building Contents Building Contents Building Contents BUILDING TYPENo Basement/Enclosure With Basement With Enclosure1 Elevated on Crawlspace Non-Elevated with Subgrade Crawlspace Manufactured (Mobile) Home2 .96 / .25 1.08 / .37 1.08 / .41 .96 / .25 .96 / .25 .96 / .46 1.46 / .45 1.65 / .53 1.65 / .60 1.46 / .45 1.46 / .45 1.46 / .45 .96 / .25 1.08 / .37 1.08 / .41 .96 / .25 .96 / .25 .90 / .25 1.15 / .37 1.15 / .41 .90 / .25 .90 / .25 .90 / .25 1.15 / .37 1.15 / .41 .90 / .25 .90 / .25 1.15 / .48 CONTENTS LOCATION Basement & Above3 Enclosure & Above4 Lowest Floor Only — Above Ground Level Lowest Floor Above Ground Level and Higher Floors Above Ground Level — More Than 1 Full Floor Manufactured (Mobile) Home2 1.86 / .69 1.86 / .79 1.46 / .73 1.46 / .45 .43 / .15 1.86 / .69 1.86 / .79 1.46 / .73 1.46 / .45 .43 / .15 1.91 / .75 1.91 / .88 1.18 / .53 1.18/ .38 .27 / .15 1.03 / .64 FIRM ZONE D OCCUPANCY SINGLE FAMILY 2–4 FAMILY OTHER RESIDENTIAL NON-RESIDENTIAL Building Contents Building Contents Building Contents Building Contents BUILDING TYPENo Basement/Enclosure With Basement With Enclosure Elevated on Crawlspace Non-Elevated with Subgrade Crawlspace Manufactured (Mobile) Home2 1.51 / .29 *** *** 1.51 / .29 1.51 / .29 1.96 / .60 1.11 / .55 *** *** 1.11 / .55 1.11 / .55 1.24 / .60 1.51 / .29 *** *** 1.51 / .29 1.51 / .29 1.38 / .47 *** *** 1.38 / .47 1.38 / .47 1.38 / .47 *** *** 1.38 / .47 1.38 / .47 2.20 / .72 CONTENTS LOCATION Basement & Above3 Enclosure & Above4 Lowest Floor Only — Above Ground Level Lowest Floor Above Ground Level and Higher Floors Above Ground Level — More Than 1 Full Floor Manufactured (Mobile) Home2 *** *** 1.11 / .55 1.11 / .35 .35 / .12 *** *** 1.11 / .55 1.11 / .35 .35 / .12 *** *** 1.42 / .45 1.42 / .44 .22 / .12 1.42 / .45 FIRM ZONES AO, AH (No Basement/Enclosure/Crawlspace/Subgrade Crawlspace Buildings Only)5 OCCUPANCY BUILDING CONTENTS 1–4 Family Other Res & Non-Res Residential Non-Residential With Certification of Compliance or Elevation Certificate6 .28 / .08 .23 / .08 .38 / .13 .23 / .13 Without Certification of Compliance or Elevation Certificate7, 8 1.23 / .21 1.11 / .25 .95 / .17 1.57 / .21 1 For an elevated building on a crawlspace with an attached garage without openings, use “With Enclosure” rates. 2 The definition of Manufactured (Mobile) Home includes travel trailers; see the Definitions section of this manual. 3 Includes subgrade crawlspace. 4 Includes crawlspace. 5 Zones AO, AH Buildings with Basement/Enclosure/Crawlspace/Subgrade Crawlspace: follow Submit-for-Rate procedures. Pre-FIRM buildings with basement/enclosure/crawlspace/subgrade crawlspace at or above the BFE or Base Flood Depth are to use the “With Certification of Compliance or Elevation Certificate” rates and would not have to follow Submit-for-Rate procedures. 6 “With Certification of Compliance or Elevation Certificate” rates are to be used when the Elevation Certificate shows that the lowest floor elevation used for rating is equal to or greater than the community’s elevation requirement, or when there is a Letter of Compliance from the community. 7 “Without Certification of Compliance or Elevation Certificate” rates are to be used only on Post-FIRM buildings when the Elevation Certificate shows that the lowest floor elevation is less than the community’s elevation requirement. 8 For transfers and renewals of existing business where there is no Letter of Compliance or Elevation Certificate in the company’s file, these rates can continue to be used. Provisional or tentative rates are to be used for new business without an Elevation Certificate or Letter of Compliance. For new business effective on or after October 1, 2011, the provisions of footnote 7 apply. ***SUBMITFORRATING RATE3 January 1, 2013 TABLE3B.REGULARPROGRAM–POST-FIRMCONSTRUCTIONRATES ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional) FIRM ZONES AE, A1–A30 — BUILDING RATES ELEVATION OF LOwEST FLOOR ABOVE OR BELOw ThE BFE1, 2 1 FLOOR No Basement/Enclosure/ Crawlspace3, 4 MORE ThAN 1 FLOOR No Basement/Enclosure/ Crawlspace3, 4 MORE ThAN 1 FLOOR with Basement/Enclosure/ Crawlspace3, 4 MANUFACTURED (MOBILE) hOME5 1–4 Family Other Residential & Non- Residential 1–4 Family Other Residential & Non- Residential 1–4 Family Other Residential & Non- Residential Single Family Non- Residential +4 .24 / .08 .20 / .08 .24 / .08 .20 / .08 .24/ .08 .20 / .08 .28 / .12 .26 / .12 +3 .30 / .08 .26 / .10 .25 / .08 .22 / .08 .27 / .08 .23 / .09 .34 / .12 .30 / .12 +2 .42 / .08 .35 / .11 .32 / .08 .28 / .08 .32 / .08 .27 / .09 .50 / .12 .47 / .13 +1 .71 / .10 .61 / .15 .57 / .09 .40 / .10 .43 / .09 .33 / .11 .89 / .16 .87 / .18 0 1.78 / .13 1.60 / .25 1.34 / .12 1.09 / .17 .98 / .10 .86 / .17 2.30 / .22 2.25 / .28 -1 4.40 / .97 4.85 /1.03 3.33 / .72 3.42 / .45 2.24 / .45 1.94 / .52 *** *** -2 *** *** *** *** *** *** *** *** FIRM ZONES AE, A1–A30 — CONTENTS RATES ELEVATION OF LOwEST FLOOR ABOVE OR BELOw ThE BFE1, 2 LOwEST FLOOR ONLY – ABOVE GROUND LEVEL No Basement/Enclosure/ Crawlspace3 LOwEST FLOOR ABOVE GROUND LEVEL & hIGhER FLOORS No Basement/Enclosure/ Crawlspace3 MORE ThAN 1 FLOOR with Basement/Enclosure/ Crawlspace3 MANUFACTURED (MOBILE) hOME5 Residential Non- Residential Residential Non- Residential Residential Non- Residential Single Family Non- Residential +4 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .13 +3 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .14 .29 / .15 +2 .38 / .12 .24 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .16 .34 / .19 +1 .53 / .12 .41 / .14 .38 / .12 .31 / .12 .38 / .12 .22 / .12 .58 / .23 .58 / .27 0 1.10 / .12 .83 / .24 .68 / .12 .60 / .16 .45 / .12 .35 / .13 1.20 / .30 1.12 / .41 -1 2.74 / .57 2.29 / .70 1.80 / .37 1.53 / .45 .72 / .15 1.15 / .15 *** *** -2 *** *** *** *** *** *** *** *** FIRM ZONES AE, A1–A30 — CONTENTS RATES ELEVATION OF LOwEST FLOOR ABOVE OR BELOw ThE BFE1 ABOVE GROUND LEVEL MORE ThAN 1 FULL FLOOR Single Family 2–4 Family Other Residential Non-Residential +4 .35 / .12 .35 / .12 .22 / .12 +3 .35 / .12 .35 / .12 .22 / .12 +2 .35 / .12 .35 / .12 .22 / .12 +1 .35 / .12 .35 / .12 .22 / .12 0 .35 / .12 .35 / .12 .22 / .12 -1 .35 / .12 .35 / .12 .22 / .12 -2 .35 / .12 .35 / .12 .22 / .12 1 If the Lowest Floor is -1 because of an attached garage and the building is described and rated as a single-family dwelling, see the Lowest Floor Determination subsection in the Lowest Floor Guide section of this manual or contact the insurer for rating guidance; rate may be lower. 2 Use Submit-for-Rate procedures if either the enclosure below the lowest elevated floor of an elevated building or the crawlspace (underfloor space) that has its interior floor within 2 feet below grade on all sides, which is used for rating, is 1 or more feet below the BFE. 3 Includes subgrade crawlspace. 4 Use Submit-for-Rate procedures if there is an elevator below the BFE regardless of whether there is an enclosure or not. 5 The definition of Manufactured (Mobile) Home includes travel trailers; see the Definitions section of this manual. ***SUBMITFORRATING RATE4 OcTOber 1, 2012 TABLE3C.REGULARPROGRAM–POST-FIRMCONSTRUCTIONRATES ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional) UNNUMBERED ZONE A — WITHOUT BASEMENT/ENCLOSURE/CRAWLSPACE/SUBGRADE CRAWLSPACE1, 2 ELEVATION DIFFERENCE BUILDING RATES CONTENTS RATES TYPE OF ELEVATION CERTIFICATE Occupancy Occupancy 1–4 Family Other Residential & Non-Residential Residential3 Non-Residential3 +5 or more .46 / .08 .40 / .12 .39 / .12 .39 / .12 No Base Flood Elevation4 +2 to +4 1.30 / .11 1.20 / .17 .74 / .13 .60 / .15 +1 2.63 / .47 2.57 / .28 1.53 / .18 1.21 / .32 0 or below *** *** *** *** +2 or more .44 / .08 .39 / .10 .38 / .12 .29 / .12 With Base Flood Elevation5 0 to +1 1.49 / .13 1.27 / .19 1.17 / .14 .93 / .15 -1 4.67 / .80 4.46 / .47 2.72 / .26 2.12 / .53 -2 or below *** *** *** *** No Elevation Certificate6 5.50 /1.30 6.17 / .90 3.34 / .80 2.85 / .96 No Elevation Certificate 1 Post-FIRM buildings with basement, enclosure, crawlspace, or subgrade crawlspace: follow Submit-for-Rate procedures. 2 Pre-FIRM buildings with basement, enclosure, or crawlspace may use this table if the rates are more favorable to the insured. For buildings with subgrade crawlspace, follow the optional Submit-for-Rate procedures. 3 For elevation-rated risks other than Single Family, when contents are located 1 floor or more above lowest floor used for rating – use Table 3B, Contents Rates, Above Ground Level More Than 1 Full Floor. 4 Elevation difference is the measured distance between the highest adjacent grade next to the building and the lowest floor of the building. 5 Elevation difference is the measured distance between the BFE provided by the community or registered professional engineer, surveyor, or architect and the lowest floor of the building. 6 For policies with effective dates on or after October 1, 2011, the No Elevation Certificate rates apply only to renewals and transfers. Provisional or tentative rates are to be used for new business without an Elevation Certificate. ***SUBMITFORRATING RATE5 OcTOber 1, 2012 TABLE3D.REGULARPROGRAM–POST-FIRMCONSTRUCTIONRATES ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional) FIRM ZONES ’75–’81, V1–V30, VE — BUILDING RATES1 ELEVATION OF 1 FLOOR No Basement/Enclosure/ Crawlspace2, 3 MORE ThAN 1 FLOOR No Basement/Enclosure/ Crawlspace2, 3 MORE ThAN 1 FLOOR with Basement/Enclosure/ Crawlspace2, 3 MANUFACTURED (MOBILE) hOME4 LOwEST FLOOR Other Other Other ABOVE OR Residential & Residential & Residential & Single Non- BELOw ThE BFE 1–4 Family Non-Residential 1–4 Family Non-Residential 1–4 Family Non-Residential Family Residential 05 3.46 / .62 4.17 / 1.60 2.81 / .62 3.04 /1.50 2.43 / .62 2.72 /1.21 5.16 / .51 7.34 / .46 -16 7.32 /3.72 10.88 /5.98 6.69 /3.72 9.38 /4.55 4.78 /3.38 4.99 /4.61 *** *** -2 *** *** *** *** *** *** *** *** FIRM ZONES ’75–’81, V1–V30, VE — CONTENTS RATES ELEVATION OF LOwEST FLOOR LOwEST FLOOR ONLY – ABOVE GROUND LEVEL No Basement/Enclosure/ Crawlspace2 LOwEST FLOOR ABOVE GROUND LEVEL & hIGhER FLOORS No Basement/Enclosure/ Crawlspace2 MORE ThAN 1 FLOOR with Basement/Enclosure/ Crawlspace2 MANUFACTURED (MOBILE) hOME4 ABOVE OR BELOw ThE BFE Residential Non- Residential Residential Non-Residential Residential Non-Residential Single Family Non- Residential 05 4.36 /1.28 3.85 /4.26 2.83 /1.19 2.69 /2.61 1.60 / .98 1.60 /1.02 4.19 / 1.34 4.37 / 5.36 -16 9.55 /7.16 9.37 /12.11 5.63 /5.36 6.43 /7.64 1.88 /1.01 5.73 /1.60 *** *** -2 *** *** *** *** *** *** *** *** FIRM ZONES ’75–’81, V1–V30, VE — CONTENTS RATES ELEVATION OF LOwEST FLOOR ABOVE OR BELOw ThE BFE ABOVE GROUND LEVEL MORE THAN 1 FULL FLOOR Single Family 2–4 Family Other Residential Non-Residential 05 .56 / .25 .56 / .25 .42 / .25 -16 .56 / .25 .56 / .25 .42 / .25 -2 .56 / .25 .56 / .25 .46 / .25 1 Policies for 1975 through 1981 Post-FIRM and Pre-FIRM buildings in zones VE and V1–V30 will be allowed to use the Post-’81 V-Zone rate table if the rates are more favorable to the insured. See instructions in this section for V-Zone Optional Rating. 2 Includes subgrade crawlspace. 3 Use Submit-for-Rate procedures if there is an elevator below the BFE regardless of whether there is an enclosure or not. 4 The definition of Manufactured (Mobile) Home includes travel trailers; see the Definitions section of this manual. 5 These rates are to be used if the lowest floor of the building is at or above the BFE. 6 Use Submit-for-Rate procedures if the enclosure below the lowest elevated floor of an elevated building, which is used for rating, is 1 or more feet below the BFE. ***SUBMITFORRATING FIRM ZONES ’75–’81, UNNUMBERED V ZONE SUBMITFORRATING RATE6 OcTOber 1, 2012 TABLE3E.REGULARPROGRAM–POST-FIRMCONSTRUCTIONRATES ANNUAL RATES PER $100 OF COVERAGE 1981 POST-FIRM V1–V30, VE ZONE RATES1 ELEVATION OF ThE LOwEST FLOOR ABOVE OR BELOw BFE ADjUSTED FOR wAVE hEIGhT2 ELEVATED BUILDINGS FREE OF OBSTRUCTION3 CONTENTS BUILDING Residential Non-Residential Replacement Cost Ratio .75 or More4 Replacement Cost Ratio .50 to .744 Replacement Cost Ratio Under .504 +4 or more .49 .49 .82 1.08 1.66 +3 .52 .52 .94 1.28 1.92 +2 .77 .83 1.29 1.72 2.60 +1 1.19 1.24 1.87 2.50 3.49 0 1.80 1.93 2.70 3.47 4.82 -1 2.58 2.66 3.58 4.62 6.37 -2 3.69 3.89 4.80 6.18 8.38 -3 4.82 5.11 5.58 7.08 9.26 -4 or below *** *** *** *** *** 1 Policies for 1975 through 1981 Post-FIRM and Pre-FIRM buildings in zones VE and V1–V30 will be allowed to use the Post-’81 V-Zone rate table if the rates are more favorable to the insured. See instructions in this section for V-Zone Optional Rating. 2 Wave height adjustment is not required in those cases where the FIRM indicates that the map includes wave height. 3 Free of Obstruction – The space below the lowest elevated floor must be completely free of obstructions or any attachment to the building, or may have: (1) Insect screening, provided that no additional supports are required for the screening; or (2) Wooden or plastic lattice with at least 40% of its area open and made of material no thicker than ½ inch; or (3) Wooden or plastic slats or shutters with at least 40% of their area open and made of material no thicker than 1 inch. (4) One solid breakaway wall or a garage door, with the remaining sides of the enclosure constructed of insect screening, wooden or plastic lattice, slats, or shutters. Any of these systems must be designed and installed to collapse under stress without jeopardizing the structural support of the building, so that the impact on the building of abnormally high tides or wind-driven water is minimized. Any machinery or equipment below the lowest elevated floor must be at or above the BFE. 4 These percentages represent building replacement cost ratios, which are determined by dividing the amount of building coverage being purchased through the NFIP by the replacement cost. See the Replacement Cost Ratio subsection in this section for more details. NOTE: Use Submit-for-Rate procedures if there is an elevator below the BFE enclosed with lattice, slats, or shutters (including louvers). ***SUBMITFORRATING 1981 POST-FIRM V1–V30, VE ZONE Non-Elevated Buildings SUBMITFORRATING 1981 POST-FIRM UNNUMBERED V ZONE SUBMITFORRATING RATE7 OcTOber 1, 2012 TABLE3F.REGULARPROGRAM–POST-FIRMCONSTRUCTIONRATES ANNUAL RATES PER $100 OF COVERAGE 1981 POST-FIRM V1–V30, VE ZONE RATES1,2 ELEVATION OF ThE LOwEST FLOOR ABOVE OR BELOw BFE ADjUSTED FOR wAVE hEIGhT3 ELEVATED BUILDINGS WITH OBSTRUCTION4 CONTENTS BUILDING Residential Non-Residential Replacement Cost Ratio .75 or More5 Replacement Cost Ratio .50 to .745 Replacement Cost Ratio Under .505 +4 or more .64 .64 1.77 2.35 3.49 +3 .68 .68 1.98 2.61 3.97 +2 .92 .92 2.31 3.01 4.29 +1 1.27 1.33 2.68 3.47 4.92 0 1.94 2.04 3.26 4.22 5.93 -16 2.66 2.81 4.15 5.37 7.47 -26 3.79 4.05 5.46 7.05 9.64 -36 4.95 5.26 6.18 7.86 10.38 -4 or below6 *** *** *** *** *** 1 Policies for 1975 through 1981 Post-FIRM and Pre-FIRM buildings in zones VE and V1–V30 will be allowed to use the Post-’81 V-Zone rate table if the rates are more favorable to the insured. See instructions in this section for V-Zone Optional Rating. 2 Rates provided are only for elevated buildings, except those elevated on solid foundation walls. For buildings elevated on solid foundation walls, and for non-elevated buildings, follow the Submit-for-Rate procedures. 3 Wave height adjustment is not required in those cases where the FIRM indicates that the map includes wave height. 4 With Obstruction – The space below has an area of less than 300 square feet with breakaway solid walls or contains machinery or equipment below the BFE. If the space below has an area of 300 square feet or more, or if any portion of the space below the elevated floor is enclosed with non-breakaway walls, submit for rating. If the enclosure is at or above the BFE, use the “Free of Obstruction” rate table on the preceding page. The elevation of the bottom enclosure floor is the lowest floor for rating (LFE). See Elevated Buildings – Post-FIRM V-Zone Construction in this section for more details. 5 These percentages represent building replacement cost ratios, which are determined by dividing the amount of building coverage being purchased through the NFIP by the replacement cost. See the Replacement Cost Ratio subsection in this section for more details. 6 For buildings with obstruction, use Submit-for-Rate procedures if the enclosure below the lowest elevated floor of an elevated building, which is used for rating, is 1 or more feet below the BFE. NOTE: Use Submit-for-Rate procedures if there is an elevator below the BFE. ***SUBMITFORRATING 1981 POST-FIRM UNNUMBERED V ZONE SUBMITFORRATING RATE8 OcTOber 1, 2012 TABLE4.REGULARPROGRAM–FIRMZONEARANDARDUALZONES NOTELEVATION-RATEDRATES ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional) PRE-FIRM RATES1 OCCUPANCY SINGLE FAMILY 2–4 FAMILY OTHER RESIDENTIAL NON-RESIDENTIAL Building Contents Building Contents Building Contents Building Contents BUILDING TYPE No Basement/Enclosure With Basement With Enclosure Elevated on Crawlspace Non-Elevated with Subgrade Crawlspace Manufactured (Mobile) Home2 .96 / .25 1.08 / .37 1.08 / .41 .96 / .25 .96 / .25 .96 / .46 1.46 / .45 1.65 / .53 1.65 / .60 1.46 / .45 1.46 / .45 1.46 / .45 .96 / .25 1.08 / .37 1.08 / .41 .96 / .25 .96 / .25 .90 / .25 1.15 / .37 1.15 / .41 .90 / .25 .90 / .25 .90 / .25 1.15 / .37 1.15 / .41 .90 / .25 .90 / .25 1.15 / .48 CONTENTS LOCATION Basement & Above Enclosure & Above Lowest Floor Only — Above Ground Level Lowest Floor Above Ground Level and Higher Floors Above Ground Level — More Than 1 Full Floor Manufactured (Mobile) Home2 1.86 / .69 1.86 / .79 1.46 / .73 1.46 / .45 .43 / .15 1.86 / .69 1.86 / .79 1.46 / .73 1.46 / .45 .43 / .15 1.91 / .75 1.91 / .88 1.18 / .53 1.18 / .38 .27 / .15 1.03 / .64 1 Pre-FIRM construction refers to a building that has a date of construction or substantial improvement date on or before 12/31/74, or before the effective date of the initial FIRM, whichever is later. 2 The definition of Manufactured (Mobile) Home includes travel trailers; see the Definitions section of this manual. POST-FIRM RATES OCCUPANCY SINGLE FAMILY 2–4 FAMILY OTHER RESIDENTIAL NON-RESIDENTIAL Building Contents Building Contents Building Contents Building Contents BUILDING TYPE No Basement/Enclosure With Basement With Enclosure Elevated on Crawlspace Non-Elevated with Subgrade Crawlspace Manufactured (Mobile) Home1 .96 / .25 1.08 / .37 1.08 / .41 .96 / .25 .96 / .25 .96 / .46 1.46 / .45 1.65 / .53 1.65 / .60 1.46 / .45 1.46 / .45 1.46 / .45 .96 / .25 1.08 / .37 1.08 / .41 .96 / .25 .96 / .25 .90 / .25 1.15 / .37 1.15 / .41 .90 / .25 .90 / .25 .90 / .25 1.15 / .37 1.15 / .41 .90 / .25 .90 / .25 1.15 / .48 CONTENTS LOCATION Basement & Above Enclosure & Above Lowest Floor Only — Above Ground Level Lowest Floor Above Ground Level and Higher Floors Above Ground Level — More Than 1 Full Floor Manufactured (Mobile) Home1 1.86 / .69 1.86 / .79 1.46 / .73 1.46 / .45 .43 / .15 1.86 / .69 1.86 / .79 1.46 / .73 1.46 / .45 .43 / .15 1.91 / .75 1.91 / .88 1.18 / .53 1.18 / .38 .27 / .15 1.03 / .64 1 The definition of Manufactured (Mobile) Home includes travel trailers; see the Definitions section of this manual. RATE9 OcTOber 1, 2012 TABLE5.REGULARPROGRAM–PRE-FIRMANDPOST-FIRM ELEVATION-RATEDRATES ANNUAL RATES PER $100 OF COVERAGE (Basic/Additional) FIRM ZONES AR and AR Dual Zones — BUILDING RATES ELEVATION OF LOwEST FLOOR ABOVE OR BELOw ThE BFE 1 FLOOR No Basement/Enclosure/ Crawlspace1 MORE THAN 1 FLOOR No Basement/Enclosure/ Crawlspace1 MORE THAN 1 FLOOR with Basement/Enclosure/ Crawlspace1 MANUFACTURED (MOBILE) HOME2 1–4 Family Other Residential & Non- Residential 1–4 Family Other Residential & Non- Residential 1–4 Family Other Residential & Non- Residential Single Family Non- Residential +4 .24 / .08 .20 / .08 .24 / .08 .20 / .08 .24 / .08 .20 / .08 .28 / .12 .26 / .12 +3 .30 / .08 .26 / .10 .25 / .08 .22 / .08 .27 / .08 .23 / .09 .34 / .12 .30 / .12 +2 .42 / .08 .35 / .11 .32 / .08 .28 / .08 .32 / .08 .27 / .09 .50 / .12 .47 / .13 +1 .71 / .10 .61 / .15 .57 / .09 .40 / .10 .43 / .09 .33 / .11 .96 / .46 .87 / .18 0 .96 / .25 .90 / .25 .96 / .25 .90 / .25 .98 / .10 .86 / .17 .96 / .46 1.15 / .48 -13 SEE FOOTNOTE3 FIRM ZONES AR and AR Dual Zones — CONTENTS RATES ELEVATION OF LOwEST FLOOR ABOVE OR BELOw ThE BFE LOWEST FLOOR ONLY – ABOVE GROUND LEVEL No Basement/Enclosure/ Crawlspace1 LOWEST FLOOR ABOVE GROUND LEVEL & HIGHER FLOORS No Basement/Enclosure/ Crawlspace1 MORE ThAN 1 FLOOR with Basement/Enclosure/ Crawlspace1 MANUFACTURED (MOBILE) HOME2 Residential Non- Residential Residential Non- Residential Residential Non- Residential Single Family Non- Residential +4 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .13 +3 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .14 .29 / .15 +2 .38 / .12 .24 / .12 .38 / .12 .22 / .12 .38 / .12 .22 / .12 .38 / .16 .34 / .19 +1 .53 / .12 .41 / .14 .38 / .12 .31 / .12 .38 / .12 .22 / .12 .58 / .23 .58 / .27 0 1.10 / .12 .83 / .24 .68 / .12 .60 / .16 .45 / .12 .35 / .13 1.20 / .30 1.03 / .64 -13 SEE FOOTNOTE3 FIRM ZONES AR and AR Dual Zones — CONTENTS RATES ELEVATION OF LOwEST FLOOR ABOVE OR BELOw ThE BFE ABOVE GROUND LEVEL MORE THAN 1 FULL FLOOR Single Family 2–4 Family Other Residential Non-Residential +4 .35 / .12 .35 / .12 .22 / .12 +3 .35 / .12 .35 / .12 .22 / .12 +2 .35 / .12 .35 / .12 .22 / .12 +1 .35 / .12 .35 / .12 .22 / .12 0 .35 / .12 .35 / .12 .22 / .12 -14 .35 / .12 .35 / .12 .22 / .12 -24 .35 / .12 .35 / .12 .22 / .12 1 Includes subgrade crawlspace. 2 The definition of Manufactured (Mobile) Home includes travel trailers; see the Definitions section of this manual. 3 Use Table 4. 4 These rates are applicable only to contents-only policies. RATE10 OcTOber 1, 2012 TABLE6.TENTATIVERATESTABLE1 RATES PER $100 OF COVERAGE (Basic/Additional) FIRM ZONES A, AE, A1–A30, AO, AH RATES BUILDING TYPE BUILDING CONTENTS Non-Elevated, No Basement Basic Limits Additional Limits Basic Limits Additional Limits 1–4 Family 4.00 3.00 6.00 4.00 Other Residential 6.00 4.00 6.00 4.00 Non-Residential 6.00 4.00 8.00 8.00 Non-Elevated with Basement/ Elevated Building2 Basic Limits Additional Limits Basic Limits Additional Limits 1–4 Family 2.00 2.00 2.00 2.00 Other Residential 3.00 3.00 2.00 2.00 Non-Residential 3.00 3.00 3.00 3.00 FIRM ZONES V, V1–V30, VE RATES BUILDING TYPE BUILDING CONTENTS Non-Elevated, No Basement Basic Limits Additional Limits Basic Limits Additional Limits 1–4 Family 8.00 8.00 11.00 11.00 Other Residential 11.00 11.00 11.00 11.00 Non-Residential 11.00 11.00 11.00 11.00 Non-Elevated with Basement/ Elevated Building2 Basic Limits Additional Limits Basic Limits Additional Limits 1–4 Family 5.00 5.00 5.00 5.00 Other Residential 7.00 7.00 5.00 5.00 Non-Residential 7.00 7.00 7.00 7.00 1 Use of this table is subject to the provisions found in the Tentative Rates subsection in this section. 2 The basement/elevated building rates should be used only if the submitted information indicates that the risk is constructed as an elevated building or has a basement as defined by the NFIP. RATE11 OcTOber 1, 2011 TABLE7.FEDERALPOLICYFEEANDPROBATIONSURCHARGETABLE FEDERAL POLICY FEE1 PROBATION SURCHARGE $40 $50 1 For the Preferred Risk Policy, the Federal Policy Fee is $20. III. DEDUCTIBLES As shown in Table 8A below, the NFIP standard deductible is either $1,000 or $2,000. An optional deductible amount may be applied to policies insuring properties in either Emergency Program or Regular Program communities. See Table 8B for deductible options. Refer to the Condominiums section for the RCBAP optional deductibles. A. DeductibleBuyback Policyholders who wish to reduce their deductibles from the standard deductibles of $2,000 for Pre-FIRM SFHA risks may opt to purchase separate $1,000 deductibles for building and contents coverages, for an additional premium. The deductible factors provided in Table 8B must be used to calculate the deductible surcharge. For an RCBAP, use the RCBAP Deductible Factors table in the Condominiums section. B. ChangesinDeductibleAmount The amount of the deductible may be increased during the policy term by submitting a completed General Change Endorsement form. Deductibles cannot be reduced mid-term unless required by the mortgagee and written authorization is provided by the mortgagee. A 30-day waiting period will be applied to reduce the deductible, unless the request is in connection with making, increasing, extending, or renewing a loan. The deductible amount may be reduced at the time of renewal. In order for the deductible reduction to take effect on the renewal date, the request and full premium must be received at least 30 days prior to the renewal effective date, except when the deductible reduction is part of the renewal offer and the renewal offer reflecting the deductible reduction was made at least 30 days prior to the renewal date. TABLE8A.STANDARDDEDUCTIBLES EMERGENCY PROGRAM REGULAR PROGRAM Flood Zone Pre-FIRM Pre-FIRM with Optional Post-FIRM Elevation Rating Post-FIRM $2,000 B, C, X, A99, D $1,000 $1,000 A, AO, AH, A1–A30, AE, V1–V30, VE, V, AR, AR/AE, AR/AH, AR/AO, AR/A1–A30, AR/A $2,000 $1,000 $1,000 RATE12 May 1, 2012 TABLE8B.DEDUCTIBLEFACTORS Single-Family and 2–4 Family Building and Contents Policies1,2,3 DEDUCTIBLE OPTIONS: Building/Contents POST-FIRM $1,000 Ded. PRE-FIRM $2,000 Ded. DEDUCTIBLE OPTIONS: Building/Contents POST-FIRM $1,000 Ded. PRE-FIRM $2,000 Ded. $1,000/$1,000 1.000 1.100 $4,000/$3,000 .800 .875 $2,000/$1,000 .950 1.030 $4,000/$4,000 .775 .850 $2,000/$2,000 .925 1.000 $5,000/$1,000 .825 .900 $3,000/$1,000 .900 .980 $5,000/$2,000 .800 .875 $3,000/$2,000 .875 .950 $5,000/$3,000 .780 .850 $3,000/$3,000 .850 .925 $5,000/$4,000 .765 .830 $4,000/$1,000 .850 .900 $5,000/$5,000 .750 .810 $4,000/$2,000 .825 .900 Single-Family and 2–4 Family Building-Only or Contents-Only Policies1,2,3 BUILDING POST-FIRM $1,000 Ded. PRE-FIRM $2,000 Ded. $1,000 1.000 1.075 $2,000 .935 1.000 $3,000 .885 .945 $4,000 .835 .890 $5,000 .785 .840 CONTENTS4 POST-FIRM $1,000 Ded. PRE-FIRM $2,000 Ded. $1,000 1.000 1.100 $2,000 .900 1.000 $3,000 .825 .915 $4,000 .750 .830 $5,000 .675 .750 Other Residential and Non-Residential Policies1,2,5 BUILDING/CONTENTS DISCOUNT FROM AMOUNT BUILDING ONLY CONTENTS ONLY POST-FIRM $1,000 Ded. PRE-FIRM $2,000 Ded. POST-FIRM $1,000 Ded. PRE-FIRM $2,000 Ded. POST-FIRM $1,000 Ded. PRE-FIRM $2,000 Ded. $1,000/$1,000 1.000 1.050 $1,000 1.000 1.050 1.000 1.050 $2,000/$2,000 .960 1.000 $2,000 .960 1.000 .965 1.000 $3,000/$3,000 .930 .970 $3,000 .925 .965 .940 .975 $4,000/$4,000 .910 .950 $4,000 .900 .935 .915 .950 $5,000/$5,000 .890 .930 $5,000 .875 .910 .890 .925 $10,000/$10,0005 .815 .855 $10,000 .775 .800 .815 .850 $15,000/$15,0005 .765 .800 $15,000 .700 .725 .740 .775 $20,000/$20,0005 .715 .750 $20,000 .625 .650 .670 .700 $25,000/$25,0005 .665 .700 $25,000 .575 .600 .620 .650 $50,000/$50,0005 .565 .600 $50,000 .475 .500 .550 .575 1 Deductible factors for the RCBAP are located in the Condominiums section. 2 The ICC Premium is not eligible for the deductible discount. First calculate the deductible discount, then add in the ICC Premium, for each policy year. 3 These deductible factors apply for condominium unit owners. 4 Also applies to residential unit contents in Other Residential building or in multi-unit condominium building. 5 Deductibles of $10,000 to $50,000 are available only for Non-Residential Policies. RATE13 May 1, 2011 IV. INCREASED COST OF COMPLIANCE (ICC) COVERAGE Coverage is afforded under the Standard Flood Insurance Policy (SFIP) for the increased cost to rebuild, or otherwise alter, a flood-damaged structure to bring it into conformance with state or local floodplain management ordinances or laws. ICC coverage is mandatory for all SFIPs except for (1) those sold in Emergency Program communities, (2) contents-only policies, (3) Dwelling Forms on individual condominium units within a multi-unit building, and (4) Group Flood Insurance. For these 4 cases, ICC coverage is not available. In a condominium building, ICC coverage is only available through the condominium association’s flood policy. The current ICC coverage limit is $30,000 per building or, for non-condominium townhouse construction, per unit, per policy. This coverage amount is in addition to the Building Amount of insurance purchased. However, for any 1 flood event, the amount of combined loss payment received from Building coverage and ICC coverage cannot exceed the maximum program limits of $250,000 for residential structures and $500,000 for non-residential structures. TABLE9.STANDARDFLOODINSURANCEPOLICY INCREASEDCOSTOFCOMPLIANCE(ICC)COVERAGE Premiums for $30,000 ICC Coverage All Except RCBAP, MPPP, Preferred Risk Policies, and Submit-for-Rate Policies FIRM ZONE RESIDENTIAL NON-RESIDENTIAL Building Amount of Insurance Building Amount of Insurance $1–$230,000 $230,001–$250,000 $1–$480,000 $480,001–$500,000 Post- FIRM A, AE, A1–A30, AO, AH $ 5 $ 4 $ 5 $ 4 AR, AR DUAL ZONES $ 5 $ 4 $ 5 $ 4 POST-’81 V1–V30, VE $18 $13 $18 $13 ’75–’81 V1–V30, VE $30 $20 $30 $20 A99, B, C, X, D $ 5 $ 4 $ 5 $ 4 Pre- FIRM A, AE, A1–A30, AO, AH $70 $55 $70 $55 AR, AR DUAL ZONES $ 5 $ 4 $ 5 $ 4 V, VE, V1–V30 $70 $55 $70 $55 A99, B, C, X, D $ 5 $ 4 $ 5 $ 4 NOTES: (1) ICC coverage does not apply to the Emergency Program, individually owned condominium units located within a multi-unit building and insured under the Dwelling Form, contents-only policies, and Group Flood Insurance Policies. (2) TheICCPremiumisnoteligibleforthedeductiblediscount.First calculatethedeductiblediscount,then addin theICCPremium. (3) Use only 1 ICC Premium amount listed above for each building to be insured. (4) For scheduled building policies, apply ICC Premium for each building. (5) Add Federal Policy Fee and Probation Surcharge, if applicable, when computing the premium. (6) Elevation-rated Pre-FIRM buildings should use Post-FIRM ICC Premiums. (7) See page RATE 18 for AR Zone and AR Dual Zone Rating information. (8) For flood policies issued through the Mortgage Portfolio Protection Program (MPPP), use the rates and ICC Premiums in the table in the MPPP section. (9) For Submit-for-Rate policies, use the ICC Premium Table contained in the Specific Rating Guidelines. RATE14 OcTOber 1, 2011 V. RATINGSTEPS A. Determine the exact location of the building and/ or contents to be insured. If the mailing address differs from the property address, use the property address only. B. Determine if the building is located in an eligible community. Not all communities participate in the NFIP. There is no coverage available in non-participating communities. If you are uncertain, call the NFIP insurer, consult a local community official, or check the NFIP Community Status Book online (http://www.fema.gov/fema/csb.shtm). C. Determine the NFIP program phase (Emergency or Regular) and the community in which the property is located. Some communities may be eligible for premium discounts under the Community Rating System (CRS). See the CRS section for a list of eligible communities, the corresponding discounts, and an example showing how to apply the CRS discount. D. Determine the location of the contents in the building. E. Determine the date of construction as described below: 1. Date of Construction — Buildings For flood insurance purposes, the date of construction for buildings under the NFIP must be determined in order to establish whether the building is Pre-FIRM or Post-FIRM construction. The start of construction or substantial improvement for insurance purposes means the date the building permit was issued, provided the actual start of construction, repair, reconstruction, or improvement was within 180 days of the permit date. For the Coastal Barrier Resources System, the start of construction or substantial improvement, for insurance purposes, must be determined in accordance with the documentation requirements set forth by the Coastal Barrier Resources Act (CBRA). (See the Coastal Barrier Resources System section.) 2. Date of Construction – Manufactured (Mobile) Homes/Travel Trailers The date of construction for a manufactured (mobile) home is different from that for a standard building and depends upon the location of the manufactured (mobile) home. For manufactured (mobile) homes located in manufactured (mobile) home parks or subdivisions, the date of construction is the date facilities were constructed for servicing the manufactured (mobile) home site, or the date of the permit, provided that construction began within 180 days of the permit date. For manufactured (mobile) homes not located in manufactured (mobile) home parks or subdivisions, but located on individually owned lots or tracts of land, the date of construction is the date the manufactured (mobile) home was permanently affixed to the site, or the permit date if affixed to the site within 180 days of the date of permit. 3. Pre-FIRM Construction For the purpose of determining insurance rates, buildings for which the start of construction or substantial improvement was on or before December 31, 1974, or before the effective date of the initial FIRM for the community, are considered Pre-FIRM construction. All historic buildings are considered Pre-FIRM as long as the building meets the definition of a historic building. (See the Definitions section.) Pre-FIRM buildings that are substantially improved may continue being rated as Pre- FIRM if certain conditions are satisfied. Pre- FIRM rating is applicable ONLY when ALL of the following conditions are met: a. The building must be Pre-FIRM. b. The substantial improvement must be an ADDITION to the building. (This condition excludes substantial improvements made as interior remodeling or repair projects.) c. The ADDITION and extension must be next to and in contact with the existing building. (This condition does not apply to substantial improvements consisting of the construction of additional floors.) d. An Elevation Certificate must be submitted to the NFIP Underwriting Unit with the Application or renewal. The Elevation Certificate must verify that the lowest floor elevation of the ADDITION is at or above the applicable BFE in effect at the time the addition is started. NOTE: Elevation Certificates certified on or after April 1, 2010, must be submitted on the 2009 Elevation Certificate form (OMB expiration 2012). The Elevation Certificate must meet all photograph RATE15 May 1, 2011 requirements described in the Special Certifications section of this manual. An Elevation Certificate submitted without the required photographs is not considered valid for rating. If all of the above conditions are satisfied, the entire building is eligible for Pre-FIRM rates. (Except for some V-Zone risks and some manufactured [mobile] home risks, Post-FIRM rates provide less costly coverage and, therefore, the coverage may be rated using the lower Post-FIRM rates.) If the above conditions are not satisfied, the entire building must be rated as Post-FIRM. 4. Post-FIRM Construction For insurance rating purposes, buildings for which the start of construction or substantial improvement was after December 31, 1974, or on or after the effective date of the initial FIRM for the community, whichever is later, are considered Post-FIRM construction. VI. PREMIUMCALCULATION A. EmergencyProgram 1. Determine Occupancy Type: Residential or Non-Residential. 2. Calculate premium using appropriate rates. 3. Apply appropriate deductible factor if an Optional Deductible is selected. 4. Add Federal Policy Fee. B. RegularProgram 1. Determine whether the property to be insured is Pre-FIRM or Post-FIRM. 2. Determine Zone. 3. Determine Occupancy: Single Family, 2–4 Family, Other Residential, Non-Residential, or Manufactured (Mobile) Home. 4. Determine Building Type (including basement or enclosure, if any): 1 floor, 2 floors, 3 or more floors, split level, or manufactured (mobile) home on foundation. 5. Determine whether building has a basement (or enclosed area below an elevated building): none, finished, or unfinished. 6. Determine Elevation Difference. 7. Calculate premium using the appropriate rates. 8. Apply appropriate deductible factor if an Optional Deductible is selected. 9. The ICC Premium is not subject to deductible factors. First calculate the deductible amount, then add in the ICC Premium. 10. Apply CRS discount, if applicable. 11. Add $50 Probation Surcharge if building is located in a community on probation. 12. Add Federal Policy Fee. VII.KEYPOINTSFORRATING A. BasicLimitsandAdditionalLimits For rating purposes in the Regular Program, separate rates have been established for the Basic Limits and the Additional Limits. B. WholeDollars NFIP accepts premium only in whole dollars. If the discount for an optional deductible does not result in a whole-dollar premium, round up if 50¢ or more; round down if less. Always submit the gross premium. C. IncreasedCostofCompliance(ICC)Premium Total Prepaid Amount will include ICC Premium. The ICC Premium is not subject to deductible factors, but the CRS discount will apply. D. FederalPolicyFee A Federal Policy Fee shall be charged for all new and renewal policies, including the PRP. This fee is fully earned on the effective date of the policy, except as indicated in the Cancellation/Nullification section. This fee is not subject to earned commissions and, as such, is not considered part of the Total Prepaid Premium. The Federal Policy Fee must, however, be added to the Total Prepaid Premium in order to figure the Total Prepaid Amount. Under the RCBAP, the Federal Policy Fee is based on the number of units. (See the Condominiums section.) E. BuildingsinMoreThan1FloodZone/BFE Buildings, not the land, located in more than 1 zone/BFE must be rated using the more hazardous zone/BFE. This condition applies even though the portion of the building located in the more hazardous flood risk zone/ RATE16 May 1, 2011 BFE may not be covered under the SFIP, such as a deck attached to a building. (Example: The building must be rated using the more hazardous flood risk zone/BFE if any portion of the attached deck foundation extends into the more hazardous flood risk zone/BFE. If the attached deck overhangs the more hazardous flood risk zone/BFE, but its foundation system does not extend into more hazardous flood risk zone/BFE, then the building must be rated using the flood risk zone/ BFE where the building foundation is located.) F. DifferentBFEsReported When the BFE shown on a Flood Zone Determination is different than that shown on the Elevation Certificate, and the zone and the FIRM number (including panel number and suffix) are the same, the BFE shown on the Elevation Certificate must be used to rate the policy. In all cases, the zone and BFE must be from the FIRM in effect on the application date or renewal effective date, unless grandfathering. G. FloodZoneDiscrepancies When presented with 2 different flood zones, use the more hazardous flood zone for rating unless the building is eligible for grandfathering (see XIV.D. on pages RATE 21 – 22). The FIRM number (including panel number and suffix) and BFE must come from the same source as the zone used to rate the policy. NOTE: The NFIP rules allow the continued use of the flood zone and/or BFE that was in effect at the time of application or renewal even when a map revision that changes the zone and/or BFE occurs after the policy effective date. H. Mortgagee on Policy – Higher Deductible Requested When a mortgagee is listed on the policy, their written consent should be secured before requesting a deductible higher than the applicable standard deductible. VIII.REGULARPROGRAM,POST-FIRMELEVATIONRATEDRISKS A. ElevationDifference The elevation difference is the difference between the lowest floor used for rating and the BFE. The elevation difference must be determined if the building is Post- FIRM, located in a Special Flood Hazard Area (SFHA), and within a Regular Program community. Refer to the Lowest Floor Guide section for a guide to determining the lowest floor. Note that, in Puerto Rico, elevations are based on meters rather than feet. Before rating the flood insurance premium, the agent/ producer must convert the meter elevations into feet. For rating purposes, the elevation difference is the difference, measured in feet, between the lowest floor elevation of the building to be rated, and the BFE for that zone. The elevation difference can be a number of feet above (+) or below (-) the BFE. If the BFE and/or the lowest floor elevation is shown in tenths (e.g., 10.5’), the agent/producer must apply the rounding rule to the difference between the elevation of the lowest floor for rating and the BFE. If the difference is negative, the final figure is rounded up from .5. If the difference is positive, the final figure is rounded up from .5. Always round to the higher elevation. For example, -3’ is higher than -3.5’ and +4’ is higher than +3.5’. Rounding Rule Example: +3' 11.5’LF–11.0’BFE=+0.5’ Because the difference is positive, +2' it is rounded up to 1.0’. +1' 0' 11’ BFE -1' Because the difference is negative, 10.5’LF–11.0’BFE= -0.5’ -2' it is rounded up to 0’. -3' B. Examples Examples to illustrate how to determine the elevation difference are provided below. 1. Zones A1–A30, AE, AR, AR Dual Zones, Post-’81 V1–V30, VE, and A (With BFE) Lowest Floor Elevation - Base Flood Elevation (BFE) = Elevation Difference Examples: a. Lowest Floor Elevation (+10’) – BFE (+6’) = Elevation Difference of (+4’). b. Lowest Floor Elevation (+8.3’) – BFE (+6.0’) = Elevation Difference of (+2.3’); therefore, (+2.3’) is rounded down to (+2.0’). c. Lowest Floor Elevation (+12.4’) – BFE (+8.8’) = Elevation Difference of (+3.6’); therefore, (+3.6’) is rounded up to (+4.0’). d. Lowest Floor Elevation (+9.5’) – BFE (+12.0’) = Elevation Difference of (-2.5’); therefore, (-2.5’) is rounded up to (-2’). RATE17 May 1, 2011 2. Zone AH Lowest Floor Elevation – Base Flood Elevation (BFE) = Elevation Difference Examples: a. Lowest Floor Elevation (+4’) – BFE (+2’) = (+2’); use With Certification of Compliance rates. b. Lowest Floor Elevation (+6’) – BFE (+8’) = (-2’); use Without Certification of Compliance rates. c. Lowest Floor Elevation (+3.9’) – BFE (+4’) = (0’); use With Certification of Compliance rates. 3. Zone AO In AO Zones, the difference between the top of the bottom floor and the highest adjacent grade is the lowest floor elevation used for rating. If the lowest floor elevation is equal to or greater than the Base Flood Depth printed on the FIRM, use With Certification of Compliance rate. If the elevation difference is less than the Base Flood Depth, use Without Certification of Compliance rates. When no Base Flood Depth is printed on the FIRM, a depth of 2 feet must be used for rating purposes. Examples: a. Lowest Floor Elevation (distance between the top of the bottom floor and the highest adjacent grade) (+2.9’) – Base Flood Depth (3’) = (0’); use With Certification of Compliance rates. b. Lowest Floor Elevation (0’) – Base Flood Depth (+1’) = (-1’); use Without Certification of Compliance rates. c. Lowest Floor Elevation (+2’) – (+2’) (no published Base Flood Depth) = (0’); use With Certification of Compliance rates. 4. Zone A (With No BFE) In Zone A where there is no established BFE, the difference between the top of the bottom floor and the highest adjacent grade is the lowest floor elevation used for rating. Examples: Lowest Floor Elevation (distance between the top of the bottom floor and the highest adjacent grade) (+3’) = (+3’) for rating purposes (use the No BFE rates). The top of the bottom floor is 3’ above the highest adjacent grade. a. Lowest Floor Elevation (-2’) = (-2’) for rating purposes. The top of the bottom floor is below the highest adjacent grade by 2’. 5. Zones V1–V30, VE Post-FIRM 1975–’81 Lowest Floor Elevation – Base Flood Elevation (BFE) = Elevation Difference C. OptionalElevationRating Pre-FIRM construction, at the option of the applicant, may be rated using Pre-or Post-FIRM rating. Once it is determined which rating will provide a lower premium, a policy may be endorsed to obtain a lower rate. Pre-FIRM buildings with subgrade crawlspaces that are below the BFE may use optional Post-FIRM elevation rating. For policy processing, follow the procedures in the Submit-for-Rate subsection in this section. This is the only Pre-FIRM construction that can be rated using the Submit-for-Rate procedures. Pre-FIRM buildings in AO and AH Zones with the basement/enclosure/ crawlspace/subgrade crawlspace at or above the BFE or Base Flood Depth are to use the With Certification of Compliance or Elevation Certificate rates and would not have to follow Submit-for-Rate procedures. IX. PRE-FIRM ELEVATED BUILDING RATED WITH PRE-FIRMRATES Pre-FIRM elevated buildings with no enclosures beneath the lowest elevated floor are to be rated using the No Basement rates. Pre-FIRM elevated buildings with 1 or more enclosures beneath the lowest elevated floor are to be rated using the With Enclosure or Elevated on Crawlspace rates as appropriate. X. ARZONEANDARDUALZONERATING NOTE: AR Dual Zones appear on the FIRM as AR/AE, AR/AH, AR/AO, AR/A1–A30, and AR/A. For Pre-FIRM construction and Post-FIRM non-elevation rated risks, use the rates provided in Table 4. Structures in AR and AR Dual Zones with an Elevation Certificate may be rated using the rates provided in Table 5. XI. POST-FIRMAOZONERATING In Zone AO, when the Base Flood Depth number is not printed on the FIRM, a Base Flood Depth of 2 feet is an acceptable standard unless modified by community ordinance or state law. The difference from the top of the lowest floor to the highest adjacent ground (grade) must be greater than or equal to 2 feet in order to use the more favorable With Certification of Compliance or Elevation Certificate rates. If the difference is less than 2 feet, the Without Certification of Compliance rates are to be used. RATE18 OcTOber 1, 2011 XII.POST-FIRM RATINGOF ELEVATED BUILDINGS INZONESB,C,X,A99,ANDD Post-FIRM elevated buildings in the above zones with no enclosures beneath the lowest elevated floor are to be rated using the No Basement/Enclosure rates. Post-FIRM elevated buildings in the above zones with 1 or more enclosures beneath the lowest elevated floor are to be rated using the With Enclosure rates unless all enclosures are properly vented. XIII.REGULAR PROGRAM V-ZONE POST-FIRM CONSTRUCTION A. RatingAllV-ZoneBuildings For an elevated building (building on posts, piles, or piers only) rated without an enclosure or obstruction, the zone V, V1–V30, and VE rates do not take into consideration the flood risk associated with any addition of a habitable area (finished or used as living or work area) below the lowest elevated floor. Further, rates do not allow for any flood risk to the machinery or equipment used to service the building located below the lowest elevated floor. NOTE:A 1975–’81 elevated building with an unfinished enclosure under 300 square feet, with breakaway walls, and without machinery or equipment, can be rated without taking into account the enclosure, but an elevated Post-FIRM building constructed on or after October 1, 1981, cannot. For all Post-FIRM non-elevated buildings constructed on or after October 1, 1981, the Submit-for-Rate procedures should be followed. B. Zones VE and V1–V30 — Enclosure Containing Machineryor EquipmentBelowBFE Follow these steps when determining the lowest floor for rating in zones VE and V1–V30 where there is an enclosure containing machinery or equipment located below the BFE: 1. The bottom of the enclosure slab is the correct floor for rating. Determine whether the elevation in Item C2.c on the Elevation Certificate (bottom of lowest horizontal structural member) reflects the top or the bottom of the slab. 2. If the lowest horizontal structural member is equal to or higher than Item C2.f on the Elevation Certificate (lowest adjacent grade), deduct (for 1–4 family residences) 12 inches from the elevation found in Item C2.c and 18 inches for buildings other than 1–4 family. This estimated elevation is the elevation figure used for rating the flood insurance policy. 3. If the surveyor has used Item C2.a on the Elevation Certificate (top of bottom floor including basement or enclosure) to indicate the elevation of the enclosure slab, then the bottom of the enclosure slab is the correct floor for rating. Determine whether the elevation in Item C2.a or Item C3.a reflects the top or the bottom of the slab. 4. If Item C2.a is equal to or higher than Item C2.f, deduct (for 1–4 family residences) 12 inches from the elevation found in Item C2.a and 18 inches for buildings other than 1–4 family. This estimated elevation is the elevation figure used for rating the flood insurance policy. C. 1975–’81Post-FIRMV-Zone Construction 1975–’81 Post-FIRM V-Zone Construction refers to any V-Zone Post-FIRM building for which the start of construction or substantial improvement began January 1, 1975, through September 30, 1981. D. 1981Post-FIRMV-Zone Construction 1981 Post-FIRM V-Zone Construction refers to any V-Zone Post-FIRM building for which (1) the permit application date for the construction or substantial improvement is on or after October 1, 1981, or (2) the permit was issued before October 1, 1981, and the actual start date of construction did not begin within 180 days of the permit date. E. Elevated Buildings – Post-FIRM V-Zone Construction 1. Elevated Building Without Obstruction The area below the lowest elevated floor is open, with no obstruction, to allow the flow of floodwaters. Insect screening is permissible. Wooden or plastic lattice, slats, or shutters are also permissible if at least 40% of their area is open. Lattice can be no thicker than ½ inch; slats or shutters can be no thicker than 1 inch. In addition, buildings are considered without obstruction if the area below the lowest elevated floor is enclosed by a combination of 1 solid breakaway wall or garage door, and the other sides of the enclosure are insect screening, or wooden or plastic lattice, slats, or shutters. Machinery or equipment below the lowest elevated floor must be at or above the BFE. Use the rates from Table 3E. For unnumbered Zone V, use Submit-for- Rate procedures. RATE19 OcTOber 1, 2011 2. Elevated Building With Obstruction Buildings are rated With Obstruction if any of the following conditions are met: a. The area below the lowest elevated floor is enclosed fully by solid breakaway walls. b. The area below the lowest elevated floor is enclosed by a combination of 2 or more solid breakaway walls, with the remaining sides constructed of insect screening, or wooden or plastic lattice, slats, or shutters. c. Machinery or equipment below the lowest elevated floor is also below the BFE. Use the rates from Table 3F provided that the enclosure is less than 300 square feet with solid breakaway walls, or any machinery or equipment is below the BFE. For unnumbered Zone V, use Submit-for-Rate procedures. NOTE: For elevated buildings with non-breakaway walls below their lowest elevated floors, elevated buildings with habitable or finished areas located below their lowest elevated floors, or buildings with enclosures 300 square feet or greater, the Submit-for-Rate procedures should be followed. Agents/producers should be sure to include a recent photograph or blueprints, including a site grading plan if ocean front, a copy of the variance, and an Elevation Certificate with the Application form. Any addition to a building during a policy term that changes the applicable rates must be endorsed to the policy. Any additional premium must be paid by the insured. 3. Replacement Cost Ratio The replacement cost ratio is needed to select the proper rate for insurance on buildings in 1981 Post- FIRM Construction V, V1–V30, and VE zones on or after October 1, 1981. The estimated building replacement cost is used in conjunction with the amount of the building insurance desired to determine the insurance-to-replacement-cost ratio. Replacement cost is defined as the amount of money required to replace or repair the insured building in the event of loss or damage, without a deduction for depreciation. The replacement cost ratio is determined by dividing the amount of building coverage purchased through the NFIP by the replacement cost of the building. Do not include excess coverage when determining the amount of coverage purchased. If the replacement cost of the building exceeds the maximum statutory building limit, use the replacement cost, not the maximum statutory building limit, in calculating the ratio. For example, if the residential building replacement cost is $1,000,000 and the amount of building coverage requested is the maximum statutory building limit of $250,000, the ratio is .25; use the rate listed for “Replacement Cost Ratio Under .50.” Place the rate in the appropriate box on the Application and continue with the premium calculation. 4. Elevation Information The Lowest Floor Elevation must be identified for buildings in zones V, V1–V30, and VE. Note that the Lowest Floor Elevation is measured at the bottom of the lowest floor beam or slab, whichever is appropriate. The BFE, including wave height, must be identified for any building located in zones V1–V30 and VE. XIV.SPECIALRATINGSITUATIONS A. TentativeRates Tentative rates are used to issue policies when agents/producers fail to provide the required actuarial rating information. With tentative rates, a policy will be generated with coverage limits based on the actual premium received. Tentatively rated policies cannot be endorsed to increase coverage limits, or renewed for another policy term, until the required actuarial rating information and full premium payment are received. Tentative rates are generally higher than other rates published in this manual (ranging from $2 to $10 per $100 of coverage). When tentative rates are applied, a declarations page and a Tentative Rate Letter will be forwarded to the policyholder, agent/producer, and mortgagee (if any), requesting the necessary information so that the proper rate can be determined. If a loss occurs on a tentatively rated property, payment will be limited by the amount of coverage that the initially submitted premium will purchase using the correct actuarial rating information. B. AlternativeRates When a building is Pre-FIRM and the FIRM zone is unknown, an alternative rating procedure can be used only if the building is located in a community that does not have any V Zones. In these cases, the NFIP will presume that the building is located in an SFHA, and the FIRM zone should be shown as Zone AA. AA is RATE20 May 1, 2011 not a valid flood zone designation; rather, it is a rating method used when the flood zone is unknown. The rates for FIRM Zone A for Pre-FIRM properties should then be used to compute the premium. The alternative rating procedure is also used by the NFIP for renewal of policies in communities that have converted from the Emergency Program to the Regular Program during a policy’s term. Again, this procedure can be used only when the community has no V Zones. In these cases, the NFIP assigns an AS Zone designation, which is not a valid flood zone designation, but rather a rating method, and uses the Pre-FIRM Zone A rates to compute the premium. In both of the above situations, the agent/producer should determine the actual FIRM zone and submit a General Change Endorsement to correct the FIRM zone and premium. All corrections should be made as soon as possible within the initial policy term after an AA or AS Zone designation has been made. If the correct flood zone is not provided, no Renewal Premium Notice will be issued. C. SpecialRates Certain risks may be eligible for Federal Emergency Management Agency (FEMA) Special Rates consideration. These risks include Post-FIRM high-rise residential condominium buildings, eligible under the RCBAP, where the Lowest Floor Elevation is below the BFE, unfinished, and used for building access, parking, or storage only. The other eligible risks are Post-FIRM buildings with hanging floors elevated on posts, piers, pilings, or columns and with the lowest elevated floor that is below the BFE unfinished and used for building access only. (For examples of hanging floors, refer to the Lowest Floor Guide section in this manual.) To request FEMA Special Rates, the company must submit the appropriate documentation to the NFIP Bureau and Statistical Agent along with a complete Application and Elevation Certificate. The required additional documentation includes the following: 1. For High-Rise Residential Condominium Buildings a. Recent photographs of the building (front and back), or a blueprint (layout of the building) if the building is under construction b. Elevated Building Determination Form signed by the insured c. Structural plans d. Replacement cost documents e. Value and use of the floor(s) below the BFE f. Clear pictures of interior of the floor(s) below the BFE g. List and value of machinery and equipment below the BFE 2. For Hanging Floors a. Pictures of the interior and exterior of the unfinished lowest elevated floor b. Value of the unfinished lowest elevated floor c. List and value of machinery and equipment and appliances. D. NFIP “Grandfather” Rules – Effect of Map Revisions onFloodInsuranceRates A community will occasionally make structural improvements (dams, levees, etc.) to reduce the potential effects of flooding; experience new development aggravating the flooding situation, thereby expanding the floodplain; revise geographical boundaries, resulting in the designation of additional flood hazard areas; or provide information to better delineate the BFE and/or flood insurance risk zones. When these situations occur, the FIRM is revised and republished. The implementation of a new FIRM raises the following question: How does the new map affect flood insurance rates? 1. Grandfather Rules – Eligibility To recognize policyholders who have built in compliance with the FIRM and/or maintained continuous coverage, FEMA has “grandfather rules.” These rules allow such policyholders to benefit in the rating for that building. a. Built in Compliance Buildings that are built in compliance with the FIRM in effect at the time of construction are eligible for grandfathering. For elevated buildings, the lowest finished floor must be at or above the BFE. In both A and V Zones, enclosures below the BFE must be unfinished and used solely for parking, storage, or building access. For A Zones, proper openings are required (refer to the Lowest Floor Guide section for guidance for proper openings). For V Zones, the enclosures must be constructed with breakaway walls (refer to the Lowest Floor Guide section for guidance). In addition, there cannot be any machinery/equipment servicing the building below the BFE. The insured would have the option of using the current rating criteria for that property or having the premium rate determined by RATE21 May 1, 2012 using the BFE and/or flood zone on the FIRM (old map) in effect when the building was originally constructed. b. Continuous Coverage Policyholders who have remained loyal customers of the NFIP by maintaining continuous coverage (since coverage was first obtained on the building) are eligible for grandfathering rules. This will result in a cost savings to insureds when the new map resulting from a map revision would result in a higher premium rate. When policies for buildings insured under the PRP Eligibility Extension are renewed as standard-rated policies at the end of the eligibility period, they may be rated using X-Zone rates if their previous zone was B, C, or X. If the previous zone was D, use D-Zone rates. To document continuous coverage when policies are moved from 1 insurer to another, the receiving company must obtain the immediately prior year’s policy declarations page from the previous insurer. To document continuous coverage when there is a transfer of property ownership, the new property owner or the agent/producer must obtain the immediately prior year’s policy declaration page and submit a copy with the application. 2. General Rule of Rating Always use the new map if it will provide a more favorable premium (lower rate). 3. Existing Business – Renewal Policies Policies written to cover either Post-FIRM or Pre- FIRM construction may be renewed and rated based on the FIRM and/or BFE in effect when the policy was initially rated as long as the coverage is continuous and the building has not been altered to make the lowest finished floor level lower than the BFE on that FIRM. For elevated buildings, the lowest finished floor must be at or above the BFE. The enclosures must be unfinished and used solely for parking, storage, or building access. For A Zones, proper openings are required (refer to the Lowest Floor Guide section for guidance for proper openings). For V Zones, the enclosures must be constructed with breakaway walls (refer to the Lowest Floor Guide section for guidance). a. Examples – Post-FIRM Construction •A building was constructed in 1980. Coverage was purchased at the time of construction. The FIRM zone in effect was A1. The BFE was 10’. The lowest floor was 11’. The elevation difference was +1, and the policy was rated using a +1 elevation difference. This policy was written and continuously renewed for 3 years. In 1983, a new map for the community was issued. The property remained in an A1 Zone. However, the BFE became 12’. Because the lowest floor did not change, the elevation difference was -1. Since the building was built in compliance and was not altered in any way, the policy can be rated using a +1 elevation difference. •A building was constructed in 1980. The FIRM zone in effect was A. In 1983 the map was revised, which placed the building in a VE Zone. Since continuous coverage existed and the building was not altered, the policyholder can continue to use Zone A in determining the rate. b. Example – Pre-FIRM Construction At the time flood insurance coverage was applied for, the building was located in Zone A99. A new map designated the zone as AE. The policy may continue to be rated using Zone A99 rates on the old map as long as there is no interruption in coverage. 4. New Business – Applications for Coverage a. Post-FIRM Construction NOTE: These rules apply to buildings in all zones, including Zone D. If a new policy is applied for, the rates can be based on the FIRM zone and the BFE on the old map in effect on the date the building was constructed provided that: •The building was built in compliance with the map in effect at the time of construction. For elevated buildings, the lowest finished floor must be at or above the BFE. The enclosures must be unfinished and used solely for parking, storage, or building access. For A Zones, proper openings are required (refer to the Lowest Floor Guide section for guidance for proper openings). RATE22 January 1, 2013 For V Zones, the enclosures must be constructed with breakaway walls (refer to the Lowest Floor Guide section for guidance). •The building has not been altered in any way that has resulted in a lowest floor, for rating purposes, lower than the BFE on that FIRM (e.g., enclosing the area below an elevated building). •The building has not been substantially improved. The property owner or agent/producer must provide proper documentation to the insurer. The documentation must show: the date of the FIRM; the zone on that FIRM in which the property is located; the BFE, if any, for that zone; a copy of the map panel showing the location of the building; and the rating element that is to be grandfathered. A letter from a community official verifying this information, or an Elevation Certificate, also is acceptable. Example: A building was constructed in 1980 and, according to the FIRM in effect at that time, was located in Zone AE. No insurance policy was purchased until 1990. At that time, remapping had occurred and the zone had been changed to a more hazardous area, Zone VE. The new policy can use Zone AE as the rating zone if the required documentation is provided. b. Pre-FIRM Construction Because there was no FIRM in effect on the date of construction, most Pre-FIRM construction is ineligible for the “built in compliance” grandfathering rule. The limited exceptions are those communities with initial FIRM dates prior to December 31, 1974. The “built in compliance” rule applies to Pre-FIRM construction only if the date of construction was on or before December 31, 1974, and was also on or after the FIRM date. The Flood Hazard Boundary Map (FHBM) cannot be used for grandfathering. Example: A building was constructed in November 1974 and the FIRM date was May 3, 1973. The old map showed the building’s location as Zone C. Ten years later in 1984, a new map placed the building in an A Zone. Flood insurance coverage was applied for after the map was revised. To use the old map showing Zone C as the rating zone, proper documentation must be submitted. E. Post-’81V-ZoneOptionalRating This optional rating is available for new and renewal policies and endorsements with effective dates on or after October 1, 1997. All policies for Pre-FIRM buildings and 1975 through 1981 Post-FIRM buildings in Zones VE and V1–V30 are allowed to be rated using the Post-’81 V-Zone rate tables (Table 3E or 3F) if the rates are more favorable to the insured. In order to qualify, the following criteria must be met: 1. The policy must be rated using the BFE printed on the FIRM panel that includes wave height. The effective date of the FIRM panel must be on or after 10/1/81. 2. The building rates are determined based on the ratio of the estimated building replacement cost and the amount of insurance purchased. 3. The building must be elevated free of obstruction or with obstruction less than 300 square feet. All machinery and equipment located below the BFE are considered obstructions. F. PoliciesRequiringRe-Rating The following conditions require that the policies be rated using the new map: 1. If an elevation-rated building is altered, making the lowest floor for rating purposes below the BFE. Example: An elevated building is located in an AE Zone at the time of construction. The Lowest Floor Elevation (LFE) was 18’. The BFE was 10’. The lowest floor rating was an +8 elevation differential. The map was revised, changing the BFE to 11’. The insured decided to enclose the area beneath the elevated floor and use it as a living area. This changed the LFE to 9’. Due to the alteration, the new map must be used and the building is rated as -2. 2. If a Pre-FIRM or Post-FIRM building is substantially improved, the building must be re-rated using the FIRM in effect at the time that the substantial improvement occurred. A newer FIRM can always be used if it will result in a more favorable rating. Example: A building was constructed in 1972 and, when flood insurance was applied for in 1976, was found to be located in Zone C. The FIRM was revised in 1984. The building was substantially improved in 1985. Due to the improvement, the building must RATE23 May 1, 2011 now be re-rated as Post-FIRM construction using the 1984 map, or the most recent map can be used if it will result in a more favorable rating. If ineligible for renewal as a Preferred Risk Policy because of a map change, the risk must be rewritten as a standard-rated policy. 3. If a Pre-FIRM or Post-FIRM building has been declared substantially damaged by a local community official, the agent/producer must verify that the repair and/or reconstruction of the building has been made before the policy can be re-rated using the FIRM in effect at the time of the substantial improvement. In the event that the repair and/or reconstruction havenotbeenmade,theinsurermayrenewthepolicy using the proper rating prior to the loss. The agent/ producer or insured must notify the insurer when the actual repair is completed so the policy can be re-rated using the correct FIRM. Example: A building was constructed in 1986. Late that year, when the building was purchased and flood insurance was applied for, the building was found to be located in Zone A15. The FIRM was revised in February 2005. In August 2005, a major hurricane caused severe flooding and wind damage in the county in which the building is located. The community declared the building substantially damaged by flood. However, because of widespread devastation throughout the area, the property owner had difficulty finding a repair contractor. When the policy came up for renewal in December, repair of the building had barely begun. The policy may be renewed under its pre-flood rating. G. Submit-for-Rate Certain properties at high flood risk, because of peculiarities in their exposure to flooding, do not lend themselves to preprogrammed rates. These risks require an in-depth underwriting analysis and must be submitted to the insurer for an individual (specific) rate. As with other lines of property insurance, the underwriter requires documentation to evaluate those risk characteristics that make up the basis for a proper rate. The NFIP’s twofold goal of establishing sound actuarial rates and obtaining information for enforcing floodplain management requires that the following documentation be supplied for risks that fall within the Submit-for-Rate category: 1. Completed NFIP Flood Insurance Application. 2. Completed current Elevation Certificate. 3. Variance issued by the local community stating that permission was granted to construct the building. If no variance was granted, a statement to that effect signed by the applicant or the applicant’s representative is required. 4. Recent photographs of the building (front and back), or a blueprint (layout of the building) if the building is under construction. 5. The square footage of any enclosures (including elevators) or crawlspaces below the elevated floor, the use of the enclosure/crawlspace, a list of machinery and equipment, and the approximate value of each item located in the enclosure/crawlspace. 6. If the area below the elevated floor is enclosed using masonry walls and these walls are represented as being breakaway walls in V Zones, a signed letter of verification from a local building official, an engineer, or an architect. 7. The number of elevators located below the lowest elevated floor of an elevated building and below the BFE. 8. A statement from the applicant or the applicant’s representative that the enclosure was built at the time that the building was originally constructed, or at a later date (give date). 9. If the building has a basement, a list of machinery and equipment located in the basement and each item’s approximate value. 10. For elevated buildings, an Elevated Building Determination Form signed by the insured. 11. For all Post-’81 V-Zone, non-elevated buildings, foundation/structural plans or, if foundation/ structural plans are not available, a written statement from the applicant or agent/producer providing the same information. For Submit-for-Rate policies written as NFIP Direct business, all of the appropriate documentation listed above must be mailed to the NFIP Servicing Agent, P.O. Box 2965, Shawnee Mission, KS 66201-1365. If the building is insurable, the Servicing Agent will deliver a written rate and the applicable ICC Premium to the producer. Since a rate must be determined on these risks, no premium is to accompany the submission. Coverage will be effective 30 days after the receipt of the premium at the NFIP, with the following 3 exceptions: RATE24 OcTOber 1, 2011 •If the coverage is in conjunction with the making, increasing, extending, or renewing of a loan, the effective date is on the day and time of the loan closing, provided that the policy is applied for and the presentment of premium is made at or prior to the loan closing. •If a lender determines that a loan on a building located in an SFHA does not have flood insurance coverage but should be covered, then the coverage is effective upon the completion of an Application and presentment of premium. •If the new policy is being obtained as a result of a revision to a community’s flood map, during the 13-month period beginning on the effective date of the map revision, the effective date shall be 12:01 a.m., local time, following the day after the presentment of premium. For the NFIP Direct business, the presentment of premium is the same as the receipt date of the full premium at the NFIP Servicing Agent. Submit-for-Rate quotations, excluding the ICC Premium, Federal Policy Fee, and Probation Surcharge, if applicable, are valid for 90 days. After 90 days, the Flood Insurance Application and supporting documentation must be resubmitted for another determination of the rating. H. Crawlspace A building with a “crawlspace” (under-floor space) has its interior floor area (finished or not) no more than 5 feet below the top of the next-higher floor. For the purpose of completing the Flood Insurance Application, a building with a crawlspace that is not subgrade must be described as an elevated building. If a crawlspace is below grade on all sides, and the elevation of the crawlspace floor is below the BFE, the crawlspace must be rated according to the guidelines found in the Lowest Floor Guide section. A crawlspace with its interior floor below grade on all sides is considered a basement; therefore, the SFIP basement coverage limitations apply to such crawlspaces. For the purpose of completing the Flood Insurance Application, the building must be described as a non- elevated building with subgrade crawlspace. Pre-FIRM buildings with subgrade crawlspaces that are below the BFE may use optional Post-FIRM elevation rating. Follow the Submit-for-Rate procedures when using this optional rating. RATE25 May 1, 2012 XV.CONTENTSLOCATION A. Single-FamilyDwellings For rating purposes, contents in a single-family dwelling are considered to be located throughout the entire building regardless of the building type, with limited coverage in a basement and an enclosed area beneath the lowest elevated floor. Refer to the SFIP. B. Multi-FamilyandNon-ResidentialBuildings The shaded areas in the illustrations below identify the location of the contents. The rates for contents located in the area indicated will be established based on the zone, construction date, and building description. 1.NON-ELEVATEDBUILDINGS(contents in shaded areas) ON APPLICATION FORM BuildingType (includingbasement,ifany) Basement Contents ADJACENT GROUND •1 Floor •None •Lowest Floor or or Only Above •2 Floors •Finished Ground Level or •Unfinished •2 Floors •Finished •Basement Only or ADJACENT GROUND •3 or More Floors BASE FLOOD ELEVATION LIMITED COVERAGE IN BASEMENT FINISHED BASEMENTS ADJACENT GROUND •2 Floors •None •Lowest Floor or Above Ground •3 or More Floors Level and Higher Floors •2 Floors •Finished •Basement ADJACENT or and Above GROUND •3 or More Floors BASE FLOOD ELEVATION LIMITED COVERAGE IN BASEMENT FINISHED BASEMENTS •2 Floors •Unfinished •Basement ADJACENT or and Above GROUND •3 or More Floors LIMITED COVERAGE IN BASEMENT UNFINISHED BASEMENTS RATE26 May 1, 2012 NON-ELEVATEDBUILDINGScontinued (contents in shaded areas) ON APPLICATION FORM BuildingType (includingbasement, ifany) Basement Contents •3 or More Floors •Finished or •Unfinished •Lowest Floor Above Ground Level and Higher Floors ADJACENT GROUND ADJACENT GROUND •2 Floors •None •Above Ground or or Level More Than •3 or More Floors •Finished 1 Full Floor or •Unfinished RATE27 May 1, 2012 RATE 28 Octo ber 1, 2011 2. Elevated Buildings (contents in shaded areas) Building Type (including enclosure, if any) Enclosure Contents PILINGS ADJACENT GROUND Elevated building free of obstruction ••1 floor ••None ••Lowest Floor Only Above Ground Level PILINGS ADJACENT GROUND Elevated building free of obstruction ••2 floors ••None ••Lowest Floor Above Ground Level And Higher Floor ENCLOSURE PILINGS ADJACENT GROUND Elevated building with enclosure below lowest elevated floor ••3 or more floors ••Unfinished ••Basement/ Enclosure and Above LIMITED COVERAGE IN ENCLOSED AREA PILINGS ADJACENT GROUND Elevated building, multiple occupancy, no enclosure ••3 or more floors ••None ••Lowest Floor Only Above Ground Level PILINGS ADJACENT GROUND Elevated building, multiple occupancy, no enclosure ••3 or more floors ••None ••Above Ground Level More Than 1 Full Floor ENCLOSURE PILINGS ADJACENT GROUND Elevated building, multiple occupancy, with enclosure ••3 or more floors ••Unfinished ••Above Ground Level More Than 1 Full Floor On Application Form XVI. FIRMS WITH WAVE HEIGHTS Wave height adjustment The agent/producer must determine whether or not the BFE on the FIRM includes wave height. With very few exceptions (for communities on the West Coast), the FIRMs published prior to January 1, 1981, give still water levels that do not include wave height. FIRMs published January 1, 1981, and later indicate whether or not wave height is included. If wave height is included, the following statement appears on the map legend: “Coastal base flood elevations shown on this map include the effects of wave action.” These adjustments apply to 1981 Post-FIRM construction (after October 1, 1981) for zones V1–V30 and VE. A. Procedure for Calculating Wave Height Adjustment The following information is needed: 1. A completed Elevation Certificate. 2. BFE from the Elevation Certificate (Item B9) or from the FIRM. 3. Lowest Adjacent Grade from Item C2.f of the Elevation Certificate completed by a registered professional engineer, architect, or surveyor. 4. Depth of Still Water Flooding (subtract the Lowest Adjacent Grade from the BFE). The additional elevation due to wave crest in V-Zone areas will normally vary from a minimum of 2.1 feet to 0.55 times the still water depth at the site. (BFE including wave height adjustment = still water BFE + 0.55 × [still water BFE – lowest adjacent grade elevation].) For example, a building’s site is determined to be located in Zone V8 with a BFE of 14’ NGVD on the appropriate FIRM. Using the information from the Elevation Certificate, the BFE is calculated as follows: Example 1: BaseFloodElevation............... 14' LowestAdjacentGrade ............. –6' Difference..... ...... ...... ...... . 8' Factor....................... ×0.55 (2.1'minimum) .................. 4.4' BaseFloodElevation..... ...... ...+14' BFEadjusted..... ...... ...... ...18.4' Example 2: BaseFloodElevation............... 14' LowestAdjacentGrade ............ –11' Difference. ...... ...... ...... ..... 3' Factor....................... ×0.55 Wave height adjustment (2.1'minimum) ................. 1.65' 2.1'* BaseFloodElevation..... ...... ...+14' BFEadjusted..... ...... ...... ...16.1' * In Example 2, if the calculation results in less than the minimum 2.1 feet, use 2.1 feet in the calculation of the BFE adjusted. B. Wave Heights in Numbered Zones V1–V30 and VE1981Post-FIRMConstruction For most communities that have Coastal High Hazard Areas, the Wave Height Adjustment to the BFE has been included on the FIRM. No wave height adjustment is required for any numbered V-Zone area included on a FIRM for any Pacific Coast community since the wave action effects have already been considered in establishing the BFEs on the Pacific Coast. The 1981 and later FIRMs for the Atlantic and Gulf Coast communities indicate whether or not wave height is included. If wave height is included, the following statement appears under “Notes to User” on the map legends: “Coastal base flood elevations shown on this map include the effects of wave action.” C. Unnumbered V Zones 1981 Post-FIRM Construction Determining wave heights in coastal communities is a very important additional risk consideration in the engineering or architectural certification that the structure is securely anchored to adequately anchored pilings or columns in order to withstand velocity waters and hurricane wave wash. In these rare instances, it will be necessary to obtain, review, and reasonably utilize any BFE data available from a Federal, state, or RATE29 May 1, 2011 other source, until such other data have been provided by FEMA as criteria to determine the BFEs, including wave heights. D. RateSelectionProcedure Factors used in determining the appropriate insurance rate are: 1. The elevation of the building relative to the BFE adjusted by the wave height factor for an individual building site or the actual FIRM BFEs on the appropriate FIRM (include the effect of wave action [wave height]); and 2. The existence or non-existence of obstructions under the beam supporting the building’s lowest floor. The replacement cost ratio is used to select the specific rate. Complete the appropriate section of the Application. XVII. FLOODPROOFEDBUILDINGS Not all buildings are eligible for the floodproofing credit. Floodproofing and the completion of the Floodproofing Certificate are described in detail in the Special Certifications section. A. ElevationDifference To determine the elevation difference used for the rating of floodproofed buildings, the following procedures should be used if rounding is necessary: 1. Round floodproofed elevation to the nearest foot if the BFE is shown in feet. Convert the floodproofed elevation to tenths of feet if the BFE is shown in tenths of feet. 2. The elevation difference should be rounded to the nearest higher elevation. Use 0.5 feet as the midpoint and always round up. (Example: +1.5 becomes +2; -0.5 becomes 0; -1.4 becomes -1; -1.5 becomes -1; -1.6 becomes -2.) In order to qualify for floodproofing credit, buildings in Unnumbered A Zones with BFE and buildings in AE, A1–A30, and AH Zones must be floodproofed to at least 1 foot higher than their BFEs. Buildings in AO Zones must be floodproofed to at least 1 foot higher than their Base Flood Depths. B. Rating When computing a premium for a floodproofed building, use the following procedure: 1. Determine how far above the BFE the building is floodproofed. (For example, the building will be floodproofed at +1 foot, +2 feet, and so forth above BFE.) 2. Subtract 1 foot to determine the elevation to be used in determining the rate and computing the premium for the building. 3. Find the rate for the given building in the proper zone at the “adjusted” elevation. 4. Compute the premium as usual. The building must be floodproofed to +1 foot in order to receive a rate equivalent to a building with its lowest floor elevated to the BFE. For example, if the building is located in Zone AO and the community’s floodproofing standards have been approved to a level of 3 feet above the highest adjacent grade (HAG) for the lowest floor of a nonfloodproofed building, to qualify for With Certification of Compliance rates, a building must meet the following standards: •Be floodproofed to an elevation of 4 feet above HAG (1 foot above the community’s minimum standard of 3 feet above HAG). •The floodproofing must be certified by a registered professional engineer or architect on the Floodproofing Certificate or by a responsible local official in a letter containing the same information requested on the Floodproofing Certificate. •The certification, certificate, or letter must accompany the NFIP Flood Insurance Application. In order to be eligible for lower rates, the insured must have a registered professional engineer or architect certify that the floodproofing conforms to the minimum floodproofing specifications of FEMA. This means that the building must be floodproofed to at least 1 foot above the BFE. If floodproofed to 1 foot above the BFE or flood depth, it can then be treated for rating purposes as having a “0” elevation difference from the BFE. This certification must be submitted with the Application for flood insurance. To further illustrate, if the building is certified to be floodproofed to 2 feet above the BFE, flood depth, or comparable community-approved floodplain management standards, whichever is highest, then it is credited for floodproofing and is to be treated for rating purposes as having a +1 foot elevation. RATE30 May 1, 2012 XVIII. THEV-ZONERISKFACTORRATINGFORM A. Use In conjunction with Table 10 (V-Zone Risk Rating Relativities Table, see below), this optional form may be used to evaluate the coastal risk when it is believed that the design, placement, and/or construction of a building is such that the usual criteria used to establish actuarially appropriate rates do not reflect the lessened risk of a particular structure. The form may be used to either: 1. Establish a rate prior to issuing a new policy; or 2. Appeal the rate charged on an existing policy. Submit the V-Zone Risk Factor Rating Form for review, along with a copy of the site grading and structural plans, the Elevation Certificate, and photographs. See the Special Certifications section of this manual for photograph requirements pertaining to the Elevation Certificate. B. Submission The completed form should be submitted to the NFIP Bureau and Statistical Agent, Underwriting Department, 8400 Corporate Dr., Suite 350, Landover, MD 20785. Confirmation of the relativity and established rate will be returned to the submitting agent/producer, engineer, and builder/applicant in approximately 30 business days. TABLE10.V-ZONERISKRATINGRELATIVITIESTABLE BUILDINGPOINT TOTAL1 NOOBSTRUCTIONRATES WITHOBSTRUCTIONRATES Replacement Cost Ratio .75 or More Replacement Cost Ratio .50 to .74 Replacement Cost Ratio Under .50 Replacement Cost Ratio .75 or More Replacement Cost Ratio .50 to .74 Replacement Cost Ratio Under .50 Less Than 225 1.000 1.000 1.000 1.000 1.000 1.000 225 – 275 1.000 1.000 1.000 1.000 1.000 1.000 276 – 325 1.000 1.000 1.000 0.950 0.975 1.000 326 – 375 0.900 0.950 1.000 0.925 0.950 1.000 376 – 425 0.800 0.850 0.900 0.875 0.925 0.950 426 – 475 0.700 0.750 0.800 0.800 0.850 0.900 476 – 525 0.600 0.650 0.700 0.725 0.775 0.825 526 – 575 0.500 0.575 0.650 0.650 0.700 0.750 576 – 625 0.400 0.500 0.600 0.600 0.650 0.700 1 Subtract from your Building Point Total all points assigned for Item I. Lowest Floor Elevation and Item IV.A.1. Free of Obstruction because these factors are included in the rate prior to application of any V-Zone Risk Factor Rating Credit. RATE31 May 1, 2011 This page is intentionally left blank. RATE32 May 1, 2011 RATE33 May 1, 2011 RATE34 May 1, 2011 RATE35 May 1, 2011 RATE36 May 1, 2011 RATE37 May 1, 2011 RATE38 May 1, 2011 RATE39 May 1, 2011 , RATE40 May 1, 2011 RATE41 May 1, 2011 RATE42 May 1, 2011 RATE43 May 1, 2011 RATE44 May 1, 2011 RATE45 May 1, 2011 RATE46 May 1, 2011 XIX.RATINGEXAMPLES TABLEOFCONTENTS eXaMPLe PaGe Example 1 Emergency Program, Standard Deductible. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RATE 48 Example 2 Regular Program, Pre-FIRM Construction, $2,000/$1,000 Deductible Option, Zone B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RATE 49 Example 3 Regular Program, Pre-FIRM Construction, $1,000 Deductible Option (Surcharge), Zone AE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RATE 50 Example 4 Regular Program, Pre-FIRM Construction, $3,000/$2,000 Deductible Option, Zone A15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RATE 51 Example 5 Regular Program, Post-FIRM, Elevation Rated, $5,000/$5,000 Deductible Option, Zone AE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RATE 52 Example 6 Regular Program, 1975–’81 Post-FIRM V1–V30, Elevation Rated, Zone V13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RATE 53 Example 7 Regular Program, Post-1981 VE or V1–V30, with Enclosure, Zone VE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RATE 54 Example 8 Regular Program, Post-FIRM Construction, Contents-Only Policy, Zone A17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RATE 55 Example 9 Regular Program, Post-FIRM, Elevation Rated, $5,000/$5,000 Deductible Option, Zone AO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RATE 56 Example 10 Regular Program, Post-FIRM, Elevation Rated, $1,000/$1,000 Deductible Option, Zone AO (With Certification of Compliance). . . . . . . . . . . . . . . RATE 57 Example 11 Regular Program, Post-FIRM, Elevation Rated, $3,000/$2,000 Deductible Option, Zone AH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RATE 58 Example 12 Regular Program, Post-FIRM, Elevation Rated, $1,000/$1,000 Deductible Option, Zone AH (With Certification of Compliance). . . . . . . . . . . . . . . RATE 59 Example 13 Regular Program, Post-FIRM, Elevation Rated, $1,000/$1,000 Deductible Option, Zone A (With BFE) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RATE 60 Example 14 Regular Program, Post-FIRM, Elevation Rated, $1,000/$1,000 Deductible Option, Zone A (Without BFE) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RATE 61 RATE47 May 1, 2011 EXAMPLE1 EMERGENCYPROGRAM,STANDARDDEDUCTIBLE Data Essential to Determine Appropriate Rates and Premium: EmergencyProgram: •Flood Zone: N/A •Occupancy: Single-Family Dwelling •Number of Floors: 1 •Basement/Enclosure: None •Deductible: $2,000/$2,000 •Deductible Factor: 1.000 •Contents Location: Lowest Floor Above Ground Level •Date of Construction: Pre-FIRM •Elevation Difference: N/A •Floodproofed (Yes/No): No •Building Coverage: $35,000 •Contents: $10,000 •ICC Premium: N/A •CRS Rating: N/A •CRS Discount: N/A DeterminedRates: Building: .76 Contents: .96 COVERAGE BASIC LIMITS ADDITIONAL LIMITS (REGULAR PROGRAM ONLY) DEDUCTIBLE BASIC AND ADDITIONAL TOTAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM PREM. REDUCTION/ INCREASE TOTAL AMOUNT OF INSURANCE BUILDING $35,000 .76 $266 $0 $35,000 $266 CONTENTS $10,000 .96 $ 96 $0 $10,000 $ 96 RATE TYPE (ONE BUILDING PER POLICY — BLANKET COVERAGE NOT PERMITTED): MANUAL SUBMIT FOR RATING ALTERNATIVE V-ZONE RISK RATING FORM PROVISIONAL RATING LEASED FEDERAL PROPERTY MORTGAGE PORTFOLIO PROTECTION PROGRAM PAYMENT OPTION: CREDIT CARD OTHER: ANNUAL SUBTOTAL $362 ICC PREMIUM — SUBTOTAL $362 CRS PREMIUM DISCOUNT % — SUBTOTAL $362 THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) PROBATION SURCHARGE — FEDERAL POLICY FEE $ 40 TOTAL PREPAID AMOUNT $402 PremiumCalculation: 1. Multiply Rate × $100 of Coverage: Building: $266 / Contents: $96 2. Apply Deductible Factor: Building: 1.000 × $266 = $266 / Contents: 1.000 × $96 = $96 3. Premium Reduction/Increase: Building: $0 / Contents: $0 4. Subtotal: $362 5. Add ICC Premium: N/A 6. Subtract CRS Discount: N/A 7. Subtotal: $362 8. Probation Surcharge: N/A 9. Add Federal Policy Fee: $40 10. Total Prepaid Amount: $402 RATE48 May 1, 2011 EXAMPLE2 REGULARPROGRAM,PRE-FIRMCONSTRUCTION,$2,000/$1,000DEDUCTIBLEOPTION,ZONEB Data Essential to Determine Appropriate Rates and Premium: RegularProgram: •Flood Zone: B •Occupancy: Single-Family Dwelling •Number of Floors: 2 •Basement/Enclosure: None •Deductible: $2,000/$1,000 •Deductible Factor: 0.95 •Contents Location: Lowest Floor Above Ground Level and Higher Floors •Date of Construction: Pre-FIRM •Elevation Difference: N/A •Floodproofed (Yes/No): No •Building Coverage: $150,000 •Contents Coverage: $60,000 •ICC Premium: $5 •CRS Rating: N/A •CRS Discount: N/A DeterminedRates: Building: .96/.25 Contents: 1.46/.45 COVERAGE BASIC LIMITS ADDITIONAL LIMITS (REGULAR PROGRAM ONLY) DEDUCTIBLE BASIC AND ADDITIONAL TOTAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM PREM. REDUCTION/ INCREASE TOTAL AMOUNT OF INSURANCE BUILDING $60,000 .96 $576 $90,000 .25 $225 -$40 $150,000 $ 761 CONTENTS $25,000 1.46 $365 $35,000 .45 $158 -$26 $ 60,000 $ 497 RATE TYPE (ONE BUILDING PER POLICY — BLANKET COVERAGE NOT PERMITTED): MANUAL SUBMIT FOR RATING ALTERNATIVE V-ZONE RISK RATING FORM PROVISIONAL RATING LEASED FEDERAL PROPERTY MORTGAGE PORTFOLIO PROTECTION PROGRAM PAYMENT OPTION: CREDIT CARD OTHER: ANNUAL SUBTOTAL $1,258 ICC PREMIUM $ 5 SUBTOTAL $1,263 CRS PREMIUM DISCOUNT % — SUBTOTAL $1,263 THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) PROBATION SURCHARGE — FEDERAL POLICY FEE $ 40 TOTAL PREPAID AMOUNT $1,303 PremiumCalculation: 1. Multiply Rate × $100 of Coverage: Building: $801 / Contents: $523 2. Apply Deductible Factor: Building: 0.95 × $801 = $761 / Contents: 0.95 × $523 = $497 3. Premium Decrease: Building: $801 – $761 = $40 / Contents: $523 – $497 = $26 4. Subtotal: $1,258 5. Add ICC Premium: $5 6. Subtract CRS Discount: N/A 7. Subtotal: $1,263 8. Probation Surcharge: N/A 9. Add Federal Policy Fee: $40 10. Total Prepaid Amount: $1,303 RATE49 OcTOber 1, 2012 EXAMPLE3 REGULARPROGRAM,PRE-FIRMCONSTRUCTION,$1,000DEDUCTIBLEOPTION(SURCHARGE),ZONEAE Data Essential to Determine Appropriate Rates and Premium: RegularProgram: •Flood Zone: AE •Occupancy: Single-Family Dwelling •Number of Floors: 2 •Basement/Enclosure: Enclosure •Deductible: $1,000/$1,000 •Deductible Factor: 1.100 •Contents Location: Enclosure and Above •Date of Construction: Pre-FIRM •Elevation Difference: N/A •Floodproofed (Yes/No): No •Building Coverage: $150,000 •Contents Coverage: $60,000 •ICC Premium: $70 •CRS Rating: N/A •CRS Discount: N/A DeterminedRates: Building: .81/1.37 Contents: .96/1.38 COVERAGE BASIC LIMITS ADDITIONAL LIMITS (REGULAR PROGRAM ONLY) DEDUCTIBLE BASIC AND ADDITIONAL TOTAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM PREM. REDUCTION/ INCREASE TOTAL AMOUNT OF INSURANCE BUILDING $60,000 .81 $486 $90,000 1.37 $1,233 +$172 $150,000 $1,891 CONTENTS $25,000 .96 $240 $35,000 1.38 $ 483 +$ 72 $ 60,000 $ 795 RATE TYPE (ONE BUILDING PER POLICY — BLANKET COVERAGE NOT PERMITTED): MANUAL SUBMIT FOR RATING ALTERNATIVE V-ZONE RISK RATING FORM PROVISIONAL RATING LEASED FEDERAL PROPERTY MORTGAGE PORTFOLIO PROTECTION PROGRAM PAYMENT OPTION: CREDIT CARD OTHER: ANNUAL SUBTOTAL $2,686 ICC PREMIUM $ 70 SUBTOTAL $2,756 CRS PREMIUM DISCOUNT % — SUBTOTAL $2,756 THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) PROBATION SURCHARGE — FEDERAL POLICY FEE $ 40 TOTAL PREPAID AMOUNT $2,796 PremiumCalculation: 1. Multiply Rate × $100 of Coverage: Building: $1,719 / Contents: $723 2. Apply Deductible Factor: Building: 1.100 × $1,719 = $1,891 / Contents: 1.100 × $723 = $795 3. Premium Increase: Building: $1,719 – $1,891 = $172 / Contents: $723 – $795 = $72 4. Subtotal: $2,686 5. Add ICC Premium: $70 6. Subtract CRS Discount: N/A 7. Subtotal: $2,756 8. Probation Surcharge: N/A 9. Add Federal Policy Fee: $40 10. Total Prepaid Amount: $2,796 RATE50 OcTOber 1, 2012 EXAMPLE4 REGULARPROGRAM,PRE-FIRMCONSTRUCTION,$3,000/$2,000DEDUCTIBLEOPTION,ZONEA15 Data Essential to Determine Appropriate Rates and Premium: RegularProgram: •Flood Zone: A15 •Occupancy: Single-Family Dwelling •Number of Floors: 3 •Basement/Enclosure: Basement •Deductible: $3,000/$2,000 Building and Contents •Deductible Factor: .950 •Contents Location: Basement and Above •Date of Construction: Pre-FIRM •Elevation Difference: N/A •Floodproofed (Yes/No): No •Building Coverage: $250,000 •Contents Coverage: $100,000 •ICC Premium: $55 •CRS Rating: 4 •CRS Discount: 30% DeterminedRates: Building: .81/1.14 Contents: .96/1.16 COVERAGE BASIC LIMITS ADDITIONAL LIMITS (REGULAR PROGRAM ONLY) DEDUCTIBLE BASIC AND ADDITIONAL TOTAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM PREM. REDUCTION/ INCREASE TOTAL AMOUNT OF INSURANCE BUILDING $60,000 .81 $486 $190,000 1.14 $2,166 -$133 $250,000 $2,519 CONTENTS $25,000 .96 $240 $ 75,000 1.16 $ 870 -$ 55 $100,000 $1,055 RATE TYPE (ONE BUILDING PER POLICY — BLANKET COVERAGE NOT PERMITTED): MANUAL SUBMIT FOR RATING ALTERNATIVE V-ZONE RISK RATING FORM PROVISIONAL RATING LEASED FEDERAL PROPERTY MORTGAGE PORTFOLIO PROTECTION PROGRAM PAYMENT OPTION: CREDIT CARD OTHER: ANNUAL SUBTOTAL $3,574 ICC PREMIUM $ 55 SUBTOTAL $3,629 CRS PREMIUM DISCOUNT 30% -$1,089 SUBTOTAL $2,540 THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) PROBATION SURCHARGE — FEDERAL POLICY FEE $ 40 TOTAL PREPAID AMOUNT $2,580 PremiumCalculation: 1. Multiply Rate × $100 of Coverage: Building: $2,652 / Contents: $1,110 2. Apply Deductible Factor: Building: .950 × $2,652 = $2,519/ Contents: .950 × $1,110 = $1,055 3. Premium Reduction: Building: $2,652 – $2,519 = $133 / Contents: $1,110 – $1,055 = $55 4. Subtotal: $3,574 5. Add ICC Premium: $55 6. Subtract CRS Discount: -$1,089 (30%) 7. Subtotal: $2,540 8. Probation Surcharge: N/A 9. Add Federal Policy Fee: $40 10. Total Prepaid Amount: $2,580 RATE51 OcTOber 1, 2012 EXAMPLE5 REGULARPROGRAM,POST-FIRM,ELEVATIONRATED,$5,000/$5,000DEDUCTIBLEOPTION,ZONEAE Data Essential to Determine Appropriate Rates and Premium: RegularProgram: •Flood Zone: AE •Occupancy: Non-Residential •Number of Floors: 2 •Basement/Enclosure: None •Deductible: $5,000/$5,000 •Deductible Factor: .890 •Contents Location: Above Ground Level and Higher Floors •Date of Construction: Post-FIRM •Elevation Difference: +4 •Floodproofed (Yes/No): No •Building Coverage: $500,000 •Contents Coverage: $500,000 •ICC Premium: $4 •CRS Rating: 5 •CRS Discount: 25% DeterminedRates: Building: .20/.08 Contents: .22/.12 COVERAGE BASIC LIMITS ADDITIONAL LIMITS (REGULAR PROGRAM ONLY) DEDUCTIBLE BASIC AND ADDITIONAL TOTAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM PREM. REDUCTION/ INCREASE TOTAL AMOUNT OF INSURANCE BUILDING $175,000 .20 $350 $325,000 .08 $260 -$67 $500,000 $ 543 CONTENTS $150,000 .22 $330 $350,000 .12 $420 -$82 $500,000 $ 668 RATE TYPE (ONE BUILDING PER POLICY — BLANKET COVERAGE NOT PERMITTED): MANUAL SUBMIT FOR RATING ALTERNATIVE V-ZONE RISK RATING FORM PROVISIONAL RATING LEASED FEDERAL PROPERTY MORTGAGE PORTFOLIO PROTECTION PROGRAM PAYMENT OPTION: CREDIT CARD OTHER: ANNUAL SUBTOTAL $1,211 ICC PREMIUM $ 4 SUBTOTAL $1,215 CRS PREMIUM DISCOUNT 25% -$ 304 SUBTOTAL $ 911 THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) PROBATION SURCHARGE — FEDERAL POLICY FEE $ 40 TOTAL PREPAID AMOUNT $ 951 PremiumCalculation: 1. Multiply Rate × $100 of Coverage: Building: $610 / Contents: $750 2. Apply Deductible Factor: Building: .890 × $610 = $543 / Contents: .890 × $750 = $668 3. Premium Reduction: Building: $610 – $543 = $67 / Contents: $750 – $668 = $82 4. Subtotal: $1,211 5. Add ICC Premium: $4 6. Subtract CRS Discount: –$304 (25%) 7. Subtotal: $911 8. Probation Surcharge: N/A 9. Add Federal Policy Fee: $40 10. Total Prepaid Amount: $951 RATE52 May 1, 2011 EXAMPLE6 REGULARPROGRAM,1975–’81POST-FIRMV1–V30,ELEVATIONRATED,ZONEV13 Data Essential to Determine Appropriate Rates and Premium: RegularProgram: •Flood Zone: V13 •Occupancy: Single-Family Dwelling •Number of Floors: 2 •Basement/Enclosure: None •Deductible: $1,000/$1,000 •Deductible Factor: 1.000 •Contents Location: Lowest Floor Above Ground Level and Higher Floors •Date of Construction: 1975–’81 (Post-FIRM) •Elevation Difference: +1 •Floodproofed (Yes/No): No •Building Coverage: $150,000 •Contents Coverage: $100,000 •ICC Premium: $30 •CRS Rating: 8 •CRS Discount: 10% DeterminedRates: Building: 2.81/ .62 Contents: 2.83/ 1.19 COVERAGE BASIC LIMITS ADDITIONAL LIMITS (REGULAR PROGRAM ONLY) DEDUCTIBLE BASIC AND ADDITIONAL TOTAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM PREM. REDUCTION/ INCREASE TOTAL AMOUNT OF INSURANCE BUILDING $60,000 2.81 $1,686 $90,000 .62 $558 $0 $150,000 $2,244 CONTENTS $25,000 2.83 $ 708 $75,000 1.19 $893 $0 $100,000 $1,601 RATE TYPE (ONE BUILDING PER POLICY — BLANKET COVERAGE NOT PERMITTED): MANUAL SUBMIT FOR RATING ALTERNATIVE V-ZONE RISK RATING FORM PROVISIONAL RATING LEASED FEDERAL PROPERTY MORTGAGE PORTFOLIO PROTECTION PROGRAM PAYMENT OPTION: CREDIT CARD OTHER: ANNUAL SUBTOTAL $3,845 ICC PREMIUM $ 30 SUBTOTAL $3,875 CRS PREMIUM DISCOUNT 10% -$ 388 SUBTOTAL $3,487 THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) PROBATION SURCHARGE — FEDERAL POLICY FEE $ 40 TOTAL PREPAID AMOUNT $3,527 PremiumCalculation: 1. Multiply Rate × $100 of Coverage: Building: $2,244 / Contents: $1,601 2. Apply Deductible Factor: Building: 1.000 × $2,244 = $2,244/Contents: 1.000 × $1,601 = $1,601 3. Premium Reduction/Increase: Building: $0 / Contents: $0 4. Subtotal: $3,845 5. Add ICC Premium: $30 6. Subtract CRS Discount: -$388 (10%) 7. Subtotal: $3,487 8. Probation Surcharge: N/A 9. Add Federal Policy Fee: $40 10. Total Prepaid Amount: $3,527 RATE53 OcTOber 1, 2012 EXAMPLE7 REGULARPROGRAM,POST-1981VEORV1–V30,WITHENCLOSURE,ZONEVE Data Essential to Determine Appropriate Rates and Premium: RegularProgram: •Flood Zone: VE •Occupancy: Single-Family Dwelling •Number of Floors: 3 or More •Basement/Enclosure: Enclosure (< 300 sq. ft., w/o M&E) •Deductible: $3,000/$3,000 •Deductible Factor: .850 •Contents Location: Lowest Floor Above Ground Level and Higher Floors •Date of Construction: Post-’81 •Elevation Difference: -1 •Floodproofed (Yes/No): No •Replacement Cost: $300,000 •Building Coverage: $250,000 •Contents Coverage: $100,000 •ICC Premium: $13 •CRS Rating: 9 •CRS Discount: N/A DeterminedRates: Building: 4.15/4.15 Contents: 2.66/2.66 COVERAGE BASIC LIMITS ADDITIONAL LIMITS (REGULAR PROGRAM ONLY) DEDUCTIBLE BASIC AND ADDITIONAL TOTAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM PREM. REDUCTION/ INCREASE TOTAL AMOUNT OF INSURANCE BUILDING $60,000 4.15 $2,490 $190,000 4.15 $7,885 -$1,556 $250,000 $ 8,819 CONTENTS $25,000 2.66 $ 665 $75,000 2.66 $1,995 -$ 399 $100,000 $ 2,261 RATE TYPE (ONE BUILDING PER POLICY — BLANKET COVERAGE NOT PERMITTED): MANUAL SUBMIT FOR RATING ALTERNATIVE V-ZONE RISK RATING FORM PROVISIONAL RATING LEASED FEDERAL PROPERTY MORTGAGE PORTFOLIO PROTECTION PROGRAM PAYMENT OPTION: CREDIT CARD OTHER: ANNUAL SUBTOTAL $11,080 ICC PREMIUM $ 13 SUBTOTAL $11,093 CRS PREMIUM DISCOUNT 5 % -$ 555 SUBTOTAL $10,538 THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) PROBATION SURCHARGE — FEDERAL POLICY FEE $ 40 TOTAL PREPAID AMOUNT $10,578 PremiumCalculation: 1. Multiply Rate × $100 of Coverage: Building: $10,375 / Contents: $2,660 2. Apply Deductible Factor: Building: .850 × $10,375 = $8,819 / Contents: .850 × $2,660 = $2,261 3. Premium Reduction: Building: $10,375 – $8,819 = $1,556 / Contents: $2,660 – $2,261 = $399 4. Subtotal: $11,080 5. Add ICC Premium: $13 6. Subtract CRS Discount: -$555 (5%) 7. Subtotal: $10,538 8. Probation Surcharge: N/A 9. Add Federal Policy Fee: $40 10. Total Prepaid Amount: $10,578 RATE54 OcTOber 1, 2012 EXAMPLE8 REGULARPROGRAM,POST-FIRMCONSTRUCTION, CONTENTS-ONLYPOLICY,ZONEA17 Data Essential to Determine Appropriate Rates and Premium: RegularProgram: •Flood Zone: A17 •Occupancy: 2–4 Family Dwelling (Renter’s Policy) •Number of Floors: 2 •Basement/Enclosure: None •Deductible: $1,000 •Deductible Factor: 1.000 •Contents Location: Above Ground Level More Than 1 Full Floor •Date of Construction: Post-FIRM •Elevation Difference: +2 •Floodproofed (Yes/No): No •Building Coverage: N/A •Contents Coverage: $100,000 •ICC Premium: N/A •CRS Rating: N/A •CRS Discount: N/A DeterminedRates: Building: N/A Contents: .35/.12 COVERAGE BASIC LIMITS ADDITIONAL LIMITS (REGULAR PROGRAM ONLY) DEDUCTIBLE BASIC AND ADDITIONAL TOTAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM PREM. REDUCTION/ INCREASE TOTAL AMOUNT OF INSURANCE BUILDING CONTENTS $25,000 .35 $88 $75,000 .12 $90 $0 $100,000 $178 RATE TYPE (ONE BUILDING PER POLICY — BLANKET COVERAGE NOT PERMITTED): MANUAL SUBMIT FOR RATING ALTERNATIVE V-ZONE RISK RATING FORM PROVISIONAL RATING LEASED FEDERAL PROPERTY MORTGAGE PORTFOLIO PROTECTION PROGRAM PAYMENT OPTION: CREDIT CARD OTHER: ANNUAL SUBTOTAL $178 ICC PREMIUM — SUBTOTAL $178 CRS PREMIUM DISCOUNT % — SUBTOTAL $178 THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) PROBATION SURCHARGE — FEDERAL POLICY FEE $ 40 TOTAL PREPAID AMOUNT $218 PremiumCalculation: 1. Multiply Rate × $100 of Coverage: Building: N/A / Contents: $178 2. Apply Deductible Factor: Building: N/A / Contents: 1.000 × $178 = $178 3. Premium Reduction/Increase: Building: N/A / Contents: $0 4. Subtotal: $178 5. Add ICC Premium: N/A 6. Subtract CRS Discount: N/A 7. Subtotal: $178 8. Probation Surcharge: N/A 9. Add Federal Policy Fee: $40 10. Total Prepaid Amount: $218 RATE55 May 1, 2011 EXAMPLE9 REGULARPROGRAM,POST-FIRM,ELEVATIONRATED,$5,000/$5,000DEDUCTIBLEOPTION,ZONEAO (WITHOUTCERTIFICATIONOFCOMPLIANCEORELEVATIONCERTIFICATE) Data Essential to Determine Appropriate Rates and Premium: RegularProgram: •Flood Zone: AO (Without Certification of Compliance or Elevation Certificate) •Occupancy: Non-Residential •Number of Floors: 2 •Basement/Enclosure: None •Deductible: $5,000/$5,000 •Deductible Factor: .890 •Contents Location: Above Ground Level and Higher Floors •Date of Construction: Post-FIRM •Elevation Difference: -1 •Floodproofed (Yes/No): No •Building Coverage: $500,000 •Contents Coverage: $500,000 •ICC Premium: $4 •CRS Rating: 5 •CRS Discount: 25% DeterminedRates: Building: 1.11 / .25 Contents: 1.57 / .21 COVERAGE BASIC LIMITS ADDITIONAL LIMITS (REGULAR PROGRAM ONLY) DEDUCTIBLE PREM. REDUCTION/ INCREASE BASIC AND ADDITIONAL TOTAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM TOTAL AMOUNT OF INSURANCE BUILDING $175,000 1.11 $1,943 $325,000 .25 $813 -$303 $500,000 $2,453 CONTENTS $150,000 1.57 $2,355 $350,000 .21 $735 -$340 $500,000 $2,750 RATE TYPE (ONE BUILDING PER POLICY — BLANKET COVERAGE NOT PERMITTED): MANUAL SUBMIT FOR RATING ALTERNATIVE V-ZONE RISK RATING FORM PROVISIONAL RATING LEASED FEDERAL PROPERTY MORTGAGE PORTFOLIO PROTECTION PROGRAM PAYMENT OPTION: CREDIT CARD OTHER: ANNUAL SUBTOTAL $5,203 ICC PREMIUM $ 4 SUBTOTAL $5,207 CRS PREMIUM DISCOUNT 25% -$1,302 SUBTOTAL $3,905 THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) PROBATION SURCHARGE — FEDERAL POLICY FEE $ 40 TOTAL PREPAID AMOUNT $3,945 PremiumCalculation: 1. Multiply Rate × $100 of Coverage: Building: $2,756 / Contents: $3,090 2. Apply Deductible Factor: Building: .890 × $2,756 = $2,453 / Contents: .890 × $3,090 = $2,750 3. Premium Reduction: Building: $2,756 – $2,453 = $303 / Contents: $3,090 – $2,750 = $340 4. Subtotal: $5,203 5. Add ICC Premium: $4 6. Subtract CRS Discount: -$1,302 (25%) 7. Subtotal: $3,905 8. Probation Surcharge: N/A 9. Add Federal Policy Fee: $40 10. Total Prepaid Amount: $3,945 RATE56 OcTOber 1, 2012 EXAMPLE10 REGULARPROGRAM,POST-FIRM,ELEVATIONRATED,$1,000/$1,000DEDUCTIBLEOPTION, ZONEAO(WITHCERTIFICATIONOFCOMPLIANCEORELEVATIONCERTIFICATE) Data Essential to Determine Appropriate Rates and Premium: RegularProgram: •Flood Zone: AO (With Certification of Compliance or Elevation Certificate) •Occupancy: Single-Family Dwelling •Number of Floors: 2 •Basement/Enclosure: None •Deductible: $1,000/$1,000 •Deductible Factor: 1.000 •Contents Location: Above Ground Level and Higher Floors •Date of Construction: Post-FIRM •Elevation Difference: +1 •Floodproofed (Yes/No): No •Building Coverage: $250,000 •Contents Coverage: $100,000 •ICC Premium: $4 •CRS Rating: N/A •CRS Discount: N/A DeterminedRates: Building: .28/.08 Contents: .38/.13 COVERAGE BASIC LIMITS ADDITIONAL LIMITS (REGULAR PROGRAM ONLY) DEDUCTIBLE BASIC AND ADDITIONAL TOTAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM PREM. REDUCTION/ INCREASE TOTAL AMOUNT OF INSURANCE BUILDING $60,000 .28 $168 $190,000 .08 $152 $0 $250,000 $320 CONTENTS $25,000 .38 $ 95 $ 75,000 .13 $ 98 $0 $100,000 $193 RATE TYPE (ONE BUILDING PER POLICY — BLANKET COVERAGE NOT PERMITTED): MANUAL SUBMIT FOR RATING ALTERNATIVE V-ZONE RISK RATING FORM PROVISIONAL RATING LEASED FEDERAL PROPERTY MORTGAGE PORTFOLIO PROTECTION PROGRAM PAYMENT OPTION: CREDIT CARD OTHER: ANNUAL SUBTOTAL $513 ICC PREMIUM $ 4 SUBTOTAL $517 CRS PREMIUM DISCOUNT % — SUBTOTAL $517 THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) PROBATION SURCHARGE — FEDERAL POLICY FEE $ 40 TOTAL PREPAID AMOUNT $557 PremiumCalculation: 1. Multiply Rate × $100 of Coverage: Building: $320 / Contents: $193 2. Apply Deductible Factor: Building: 1.000 × $320 = $320 / Contents: 1.000 × $193 = $193 3. Premium Reduction/Increase: Building: $0 / Contents: = $0 4. Subtotal: $513 5. Add ICC Premium: $4 6. Subtract CRS Discount: N/A 7. Subtotal: $517 8. Probation Surcharge: N/A 9. Add Federal Policy Fee: $40 10. Total Prepaid Amount: $557 RATE57 May 1, 2011 EXAMPLE11 REGULARPROGRAM,POST-FIRM,ELEVATIONRATED,$3,000/$2,000DEDUCTIBLEOPTION,ZONEAH (WITHOUTCERTIFICATIONOFCOMPLIANCEORELEVATIONCERTIFICATE) Data Essential to Determine Appropriate Rates and Premium: RegularProgram: •Flood Zone: AH (Without Certification of Compliance or Elevation Certificate) •Occupancy: Single-Family Dwelling •Number of Floors: 1 •Basement/Enclosure: None •Deductible: $3,000/$2,000 •Deductible Factor: .875 •Contents Location: Lowest Floor Above Ground Level •Date of Construction: Post-FIRM •Elevation Difference: -1 •Floodproofed (Yes/No): No •Building Coverage: $250,000 •Contents Coverage: $25,000 •ICC Premium: $4 •CRS Rating: N/A •CRS Discount: N/A DeterminedRates: Building: 1.23 / .21 Contents: 0.95 / .17 COVERAGE BASIC LIMITS ADDITIONAL LIMITS (REGULAR PROGRAM ONLY) DEDUCTIBLE BASIC AND ADDITIONAL TOTAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM PREM. REDUCTION/ INCREASE TOTAL AMOUNT OF INSURANCE BUILDING $60,000 1.23 $738 $190,000 .21 $399 -$142 $250,000 $ 995 CONTENTS $25,000 0.95 $238 $0 .17 $0 -$ 30 $ 25,000 $ 208 RATE TYPE: (ONE BUILDING PER POLICY — BLANKET COVERAGE NOT PERMITTED) MANUAL SUBMIT FOR RATING ALTERNATIVE V-ZONE RISK RATING FORM PROVISIONAL RATING LEASED FEDERAL PROPERTY MORTGAGE PORTFOLIO PROTECTION PROGRAM PAYMENT OPTION: CREDIT CARD OTHER: ANNUAL SUBTOTAL $1,203 ICC PREMIUM $ 4 SUBTOTAL $1,207 CRS PREMIUM DISCOUNT % — SUBTOTAL $1,207 THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) PROBATION SURCHARGE — FEDERAL POLICY FEE $ 40 TOTAL PREPAID AMOUNT $1,247 PremiumCalculation: 1. Multiply Rate × $100 of Coverage: Building: $1,137 / Contents: $238 2. Apply Deductible Factor: Building: .875 × $1,137 = $995 / Contents: .875 × $238 = $208 3. Premium Reduction: Building: $1,137 – $995 = $142 / Contents = $238 – $208 = $30 4. Subtotal: $1,203 5. Add ICC Premium: $4 6. Subtract CRS Discount: N/A 7. Subtotal: $1,207 8. Probation Surcharge: N/A 9. Add Federal Policy Fee: $40 10. Total Prepaid Amount: $1,247 RATE58 OcTOber 1, 2012 EXAMPLE12 REGULARPROGRAM,POST-FIRM,ELEVATIONRATED,$1,000/$1,000DEDUCTIBLEOPTION, ZONEAH(WITHCERTIFICATIONOFCOMPLIANCEORELEVATIONCERTIFICATE) Data Essential to Determine Appropriate Rates and Premium: RegularProgram: •Flood Zone: AH (With Certification of Compliance or Elevation Certificate) •Occupancy: 2–4 Family Dwelling •Number of Floors: 2 •Basement/Enclosure: None •Deductible: $1,000/$1,000 •Deductible Factor: 1.000 •Contents Location: Above Ground Level and Higher Floors •Date of Construction: Post-FIRM •Elevation Difference: +3 •Floodproofed (Yes/No): No •Building Coverage: $200,000 •Contents Coverage: $40,000 •ICC Premium: $5 •CRS Rating: N/A •CRS Discount: N/A DeterminedRates: Building: .28/.08 Contents: .38/.13 COVERAGE BASIC LIMITS ADDITIONAL LIMITS (REGULAR PROGRAM ONLY) DEDUCTIBLE BASIC AND ADDITIONAL TOTAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM PREM. REDUCTION/ INCREASE TOTAL AMOUNT OF INSURANCE BUILDING $60,000 .28 $168 $140,000 .08 $112 $0 $200,000 $280 CONTENTS $25,000 .38 $ 95 $ 15,000 .13 $ 20 $0 $ 40,000 $115 RATE TYPE (ONE BUILDING PER POLICY — BLANKET COVERAGE NOT PERMITTED): MANUAL SUBMIT FOR RATING ALTERNATIVE V-ZONE RISK RATING FORM PROVISIONAL RATING LEASED FEDERAL PROPERTY MORTGAGE PORTFOLIO PROTECTION PROGRAM PAYMENT OPTION: CREDIT CARD OTHER: ANNUAL SUBTOTAL $395 ICC PREMIUM $ 5 SUBTOTAL $400 CRS PREMIUM DISCOUNT % — SUBTOTAL $400 THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) PROBATION SURCHARGE — FEDERAL POLICY FEE $ 40 TOTAL PREPAID AMOUNT $440 PremiumCalculation: 1. Multiply Rate × $100 of Coverage: Building: $280 / Contents: $115 2. Apply Deductible Factor: Building: 1.000 × $280 = $280 / Contents: 1.000 × $115 = $115 3. Premium Reduction/Increase: Building: $0 / Contents: $0 4. Subtotal: $395 5. Add ICC Premium: $5 6. Subtract CRS Discount: N/A 7. Subtotal: $400 8. Probation Surcharge: N/A 9. Add Federal Policy Fee: $40 10. Total Prepaid Amount: $440 RATE59 May 1, 2011 EXAMPLE13 REGULARPROGRAM,POST-FIRM,ELEVATIONRATED,$1,000/$1,000DEDUCTIBLEOPTION, ZONEA(WITHBFE) Data Essential to Determine Appropriate Rates and Premium: RegularProgram: •Flood Zone: A •Occupancy: 2–4 Family Dwelling •Number of Floors: 2 •Basement/Enclosure: None •Deductible: $1,000/$1,000 •Deductible Factor: 1.000 •Contents Location: Above Ground Level and Higher Floors •Date of Construction: Post-FIRM •Elevation Difference: +6 (with BFE) •Floodproofed (Yes/No): No •Building Coverage: $140,000 •Contents Coverage: $70,000 •ICC Premium: $5 •CRS Rating: N/A •CRS Discount: N/A DeterminedRates: Building: .44/.08 Contents: .38/.12 COVERAGE BASIC LIMITS ADDITIONAL LIMITS (REGULAR PROGRAM ONLY) DEDUCTIBLE BASIC AND ADDITIONAL TOTAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM PREM. REDUCTION/ INCREASE TOTAL AMOUNT OF INSURANCE BUILDING $60,000 .44 $264 $80,000 .08 $64 $0 $140,000 $328 CONTENTS $25,000 .38 $ 95 $45,000 .12 $54 $0 $ 70,000 $149 RATE TYPE (ONE BUILDING PER POLICY — BLANKET COVERAGE NOT PERMITTED): MANUAL SUBMIT FOR RATING ALTERNATIVE V-ZONE RISK RATING FORM PROVISIONAL RATING LEASED FEDERAL PROPERTY MORTGAGE PORTFOLIO PROTECTION PROGRAM PAYMENT OPTION: CREDIT CARD OTHER: ANNUAL SUBTOTAL $477 ICC PREMIUM $ 5 SUBTOTAL $482 CRS PREMIUM DISCOUNT % — SUBTOTAL $482 THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) PROBATION SURCHARGE — FEDERAL POLICY FEE $ 40 TOTAL PREPAID AMOUNT $522 PremiumCalculation: 1. Multiply Rate × $100 of Coverage: Building: $328 / Contents: $149 2. Apply Deductible Factor: Building: 1.000 × $328 = $328 / Contents: 1.000 × $149 = $149 3. Premium Reduction/Increase: Building: $0 / Contents = $0 4. Subtotal: $477 5. Add ICC Premium: $5 6. Subtract CRS Discount: N/A 7. Subtotal: $482 8. Probation Surcharge: N/A 9. Add Federal Policy Fee: $40 10. Total Prepaid Amount: $522 RATE60 OcTOber 1, 2011 EXAMPLE14 REGULARPROGRAM,POST-FIRM,ELEVATIONRATED,$1,000/$1,000DEDUCTIBLEOPTION, ZONEA(WITHOUTBFE) Data Essential to Determine Appropriate Rates and Premium: RegularProgram: •Flood Zone: A •Occupancy: Single-Family Dwelling •Number of Floors: 2 •Basement/Enclosure: None •Deductible: $1,000/$1,000 •Deductible Factor: 1.000 •Contents Location: Lowest Floor Above Ground Level and Higher Floors •Date of Construction: Post-FIRM •Elevation Difference: +5 (without BFE) •Floodproofed (Yes/No): No •Building Coverage: $135,000 •Contents Coverage: $60,000 •ICC Premium: $5 •CRS Rating: N/A •CRS Discount: N/A DeterminedRates: Building: .46 / .08 Contents: .39 / .12 COVERAGE BASIC LIMITS ADDITIONAL LIMITS (REGULAR PROGRAM ONLY) DEDUCTIBLE BASIC AND ADDITIONAL TOTAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM AMOUNT OF INSURANCE RATE ANNUAL PREMIUM PREM. REDUCTION/ INCREASE TOTAL AMOUNT OF INSURANCE BUILDING $60,000 .46 $276 $75,000 .08 $60 $0 $135,000 $336 CONTENTS $25,000 .39 $ 98 $35,000 .12 $42 $0 $ 60,000 $140 RATE TYPE (ONE BUILDING PER POLICY — BLANKET COVERAGE NOT PERMITTED): MANUAL SUBMIT FOR RATING ALTERNATIVE V-ZONE RISK RATING FORM PROVISIONAL RATING LEASED FEDERAL PROPERTY MORTGAGE PORTFOLIO PROTECTION PROGRAM PAYMENT OPTION: CREDIT CARD OTHER: ANNUAL SUBTOTAL $476 ICC PREMIUM $ 5 SUBTOTAL $481 CRS PREMIUM DISCOUNT % — SUBTOTAL $481 THE ABOVE STATEMENTS ARE CORRECT TO THE BEST OF MY KNOWLEDGE. I UNDERSTAND THAT ANY FALSE STATEMENTS MAY BE PUNISHABLE BY FINE OR IMPRISONMENT UNDER APPLICABLE FEDERAL LAW. SIGNATURE OF INSURANCE AGENT/BROKER DATE (MM/DD/YY) PROBATION SURCHARGE — FEDERAL POLICY FEE $ 40 TOTAL PREPAID AMOUNT $521 PremiumCalculation: 1. Multiply Rate × $100 of Coverage: Building: $336 / Contents: $140 2. Apply Deductible Factor: Building: 1.000 × $336 = $336 / Contents: 1.000 × $140 = $140 3. Premium Reduction/Increase: Building: $0 / Contents: $0 4. Subtotal: $476 5. Add ICC Premium: $5 6. Subtract CRS Discount: N/A 7. Subtotal: $481 8. Probation Surcharge: N/A 9. Add Federal Policy Fee: $40 10. Total Prepaid Amount: $521 RATE61 OcTOber 1, 2012