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WHY HAVE A FREEBOARD?. THERE ARE MANY GOOD REASONS TO ENFORCE ADDITIONAL ELEVATION (MARGIN OF SAFETY). WHY HAVE A FREEBOARD?. INSURANCE SAVINGS A SINGLE FAMILY HOME, ONE FLOOR, NO BASEMENT WITH $200,000/$50,000 COVERAGE: AT BFE (0 FEET) = $902 1 FOOT ABOVE = $605 2 FEET ABOVE = $428

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why have a freeboard

WHY HAVE A FREEBOARD?

THERE ARE MANY GOOD REASONS TO ENFORCE ADDITIONAL ELEVATION (MARGIN OF SAFETY)

why have a freeboard1
WHY HAVE A FREEBOARD?

INSURANCE SAVINGS

A SINGLE FAMILY HOME, ONE FLOOR, NO BASEMENT WITH $200,000/$50,000 COVERAGE:

  • AT BFE (0 FEET) = $902
  • 1 FOOT ABOVE = $605
  • 2 FEET ABOVE = $428
  • 3 FEET ABOVE = $388
why have a freeboard2
WHY HAVE A FREEBOARD?

PROTECT PROPERTY FROM FLOOD DAMAGE

  • SEA LEVEL RISE – UP TO 3 FEET NEXT 100 YEARS
  • LAND SUBSIDENCE
  • MORE FREQUENT STORMS
  • MORE SEVERE STORMS LIKE ISABEL
why have a freeboard3
WHY HAVE A FREEBOARD?

PROTECT RESIDENTS FROM DISRUPTION

  • MANY PEOPLE STILL OUT OF THEIR HOMES
  • PEOPLE STILL WAITING FOR ASSISTANCE
  • FLOOD INSURANCE DOES NOT PAY FOR ALL
why have a freeboard4
WHY HAVE A FREEBOARD?

FREEDOM FROM WORRY

  • UNELEVATED HOMEOWNERS WORRY ABOUT WHAT NEXT FLOOD WILL DO TO THEM
  • OUT OF POCKET EXPENSES MAY OVERWHELM HOMEOWNER (ESPECIALLY IF NO FLOOD INSURANCE)
  • MANY BELONGINGS MAY BE IRREPLACEABLE
  • DISASTERS ARE STRESSFULL IN PROPORTION TO THE EFFECT ON THE INDIVIDUAL
why have a freeboard5
WHY HAVE A FREEBOARD?

FURTHER PREMIUM SAVINGS FROM PARTICIPATING IN COMMUNITY RATING SYSTEM

  • COMMUNITY GETS 100 POINTS FOR EVERY FOOT OF FREEBOARD
  • 500 POINTS = 5% REDUCTION IN PREMIUM
  • MANY OTHER ACTIVITIES ELIGIBLE FOR POINTS
why have a freeboard6
WHY HAVE A FREEBOARD?

REDUCTION IN EMERGENCY RESPONSE DURING A DISASTER

  • PEOPLE SAFER IN THEIR HOMES
  • IF EVACUATED, CAN RETURN SOONER
  • PERSONAL PROPERTY MORE PROTECTED
why have a freeboard7
WHY HAVE A FREEBOARD?

ELEVATION OF DUCTWORK

  • NFIP REQUIRES THAT DUCTWORK BE ELEVATED TO OR ABOVE BFE
  • DUCTWORK NORMALLY INSTALLED UNDER FLOOR JOISTS
  • FORCES TOP OF FLOOR UP ALMOST 2 FEET
  • FREEBOARD CAN APPLY TO TOP OF FLOOR
why have a freeboard8
WHY HAVE A FREEBOARD?

ADDITIONAL COST TO ELEVATE 2-3 FEET ABOVE BFE CAN BE RECOVERED QUICKLY THROUGH SAVINGS IN FLOOD INSURANCE PREMIUMS

  • ESTIMATED COST TO LAY 2-3 COURSES OF BLOCK = $1000 - $1800
  • MAXIMUM FLOOD INSURANCE SAVINGS PER YEAR = $514
  • TIME TO RECOUP ADDITIONAL EXPENSE = ABOUT 3 YEARS
  • FLOOD INSURANCE WILL BE MORE COSTLY IN FUTURE
summary slide
Summary Slide

WHY HAVE A FREEBOARD?

  • PROTECTION OF LIFE AND PROPERTY
  • SAVINGS OVER LONGER TERM
  • FREEDOM FROM DISRUPTION
  • FREEDOM FROM WORRY
  • REDUCE EMERGENCY RESPONSE
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