| Whiteside County Flood Information (FEMA) |
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| Thursday, 03 November 2011 09:04 |
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INCREASED COST of COMPLIANCE COVERAGE (ICC) PROGRAM In 1994, the National Flood Insurance Reform Act created the Increased Cost of Compliance Coverage (ICC) program. A building (residential and non-residential) is eligible for an ICC payment when: *the building is located in a 1% flood zone (formerly Zone A or "100 Year Flood"); and * the building is substantially damaged as a result of a flood (damage equals 50% or more of the preflood market value); and * the owner of an existing buidling can bring it into compliance with the local floodplain management ordinance by elevating the structure, relocating the structure to another location, or demolishing it; and *the structure is covered by a Standard Flood Insurance Policy that was in place prior to the flood. If these requirements are met, the National Flood Insurance Program (NFIP) will pay up to $30,000.00 to assist in bringing the structure into compliance. This is in addition to your damage claim.
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