Glossary of Terms
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Resources/Glossary of Terms
Flood -
A general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least one of which is the policyholder's property) from: - Overflow of...
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Resources/Glossary of Terms
Flood Control System - Engineering systems that attempt to physically control the flow of floodwaters with the intent of minimizing flood damage. Flood control systems such as dams and levees are often the most visible aspect of floodplain...
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Resources/Glossary of Terms
Flood Determination - See Flood Zone Determination.
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Resources/Glossary of Terms
Flood Disaster Protection Act of 1973 (FDPA) - The first Act of Congress to mandate the purchase of flood insurance, stating that federally regulated lending institutions could not make, increase, extend, or renew any loan secured by improved real...
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Resources/Glossary of Terms
Flood Hazard Boundary Map (FHBM) - A FEMA flood map that is based on approximate data and identifies, in general, the SFHAs within a community. An FBHM is typically used only in the NFIP's Emergency Program for floodplain management and flood...
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Resources/Glossary of Terms
Flood Insurance - An insurance policy that covers property damage incurred from a flood. In the U.S., the term "flood insurance" is often used as shorthand for federally-backed NFIP flood insurance, since private flood insurance is very costly and...
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Resources/Glossary of Terms
Flood Insurance Claims Office (FICO) - An NFIP claims processing office set up in a catastrophe area when a sufficient number of flood claims result from a single event.
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Resources/Glossary of Terms
Flood Insurance Rate Map (FIRM) - A flood map issued in conjunction with a community's attempt to join the Regular Program of the NFIP. If a detailed assessment, termed a Flood Insurance Study (FIS), has been performed, the FIRM will show Base Flood...
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Resources/Glossary of Terms
Flood Insurance Reform Act of 2004 (FIRA) - This act made several amendments to the Acts administering the NFIP, including (i) incorporating requirements for additional agent training for insurance agents selling flood insurance, (ii) requiring...
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Resources/Glossary of Terms
Flood
Insurance Study (FIS) - A FEMA report that summarizes the flood hazards within
a given community. The FIS is the basis for floodplain management, mitigation,
and insurance activities within a community and is also used to prepare the
FIRM...
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