Iowa Officials Deny Newspaper’s Flood Damage Request

September 2, 2008

  • September 2, 2008 at 5:27 am
    Floodie says:
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    The amount that an NFIP policy pays for substantial damage depends on how much is purchased (i.e. the policy limits). New policies are charged a small additional premium for the increased cost to comply with floodplain management building regulation for substantially damaged buildings that are out of compliance. This is limited to no more than $30,000 and is payable within the policy limits and only in communities that have adopted a substantial damage provision in their building regulations.

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