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Home > Frequently Asked Questions > Flood Insurance Policy Rates  

Frequently Asked Questions: Flood Insurance Policy Rates

Title

Flood Insurance Policy Rates 

Program Area

Water Management 

Specific Program

Flood 

CWCB Section

Watershed & Flood Protection 

Question

How are the rates determined for a flood insurance policy?

Answer

A number of factors are considered in determining the premium for flood insurance coverage. They include the amount of coverage purchased; location; age of the building; building occupancy; design of the building; and, for buildings in Special Flood Hazard Areas (SFHAs), elevation of the building in relation to the Base Flood Elevation. Buildings eligible for special low-cost coverage at a pre-determined, reduced premium rate are single-family and one- to four-family dwellings located in Zones B, C, and X. For these exceptions, certain loss limitations exist.
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Created at 6/30/2010 9:20 AM  by System Account 
Last modified at 6/30/2010 9:20 AM  by System Account