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Increased Cost of Compliance

Coverage for expenses that a property owner must incur, above and beyond the cost to repair the physical damage the structure actually sustained from a flooding event, to comply with mitigation requirements of state or local floodplain management ordinances or laws. Acceptable mitigation measures are elevation, floodproofing, relocation, demolition or any combination thereof.

Glossary Section
NFIP - National Flood Insurance Program
Last updated Mar 5, 2020