Why have a freeboard
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WHY HAVE A FREEBOARD? PowerPoint PPT Presentation


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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?

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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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