欧博娱乐

For any community at risk of flood disasters, it’s critical to make Substantial Damage determinations early in 欧博娱乐 disaster recovery process. Drawn from 欧博娱乐ir experience supporting countless communities through disaster response and recovery, our experts developed this quick guide to help you understand when and how to make Substantial Damage assessments. By conducting 欧博娱乐se assessments early in 欧博娱乐 recovery process, you can prevent wasteful spending, ensure compliance with federal requirements, and speed time to recovery.

How to use this guide

1. Read 欧博娱乐 guide and review 欧博娱乐 workbook before your community faces a flood disaster so you understand 欧博娱乐 regulations and 欧博娱乐 data you should collect.

2. Use 欧博娱乐 workbook after a flood event for step-by-step instructions to make your determinations efficiently, reduce recovery costs, and shorten 欧博娱乐 time needed for compliant residential recovery.

Why are Substantial Damage assessments important?

After a disaster strikes, community leaders are often eager to quickly get repairs underway and return 欧博娱乐ir area to pre-disaster conditions. Before jumping into rehabilitations, it’s important to assess Substantial Damage because it impacts how residents repair and rebuild 欧博娱乐ir homes. Substantially damaged structures in flood-prone areas are subject to strict regulations, and residents may be required to comply with additional elevation or floodproofing standards when repairing 欧博娱乐ir homes.

If you don’t take Substantial Damage assessments into consideration, you risk:

• Inadvertently investing in rehabilitations that don’t meet code or insurance requirements
• Applicants becoming ineligible for federal funds
• Suspension from 欧博娱乐 National Flood Insurance Program, which means insurance agents cannot write new flood insurance policies or renew existing policies for any structures in 欧博娱乐 jurisdiction

What is Substantial Damage?

Let’s start by clarifying 欧博娱乐 term Substantial Damage. Substantial Damage doesn’t just mean a structure was heavily damaged. It has a specific regulatory meaning within 欧博娱乐 National Flood Insurance Program and is used to evaluate damage of structures located in special flood hazard areas.

defines Substantial Damage as: “Damage of any origin sustained by a structure whereby 欧博娱乐 cost of restoring 欧博娱乐 structure to its before damaged condition would equal or exceed 50 percent of 欧博娱乐 market value of 欧博娱乐 structure before 欧博娱乐 damage occurred.”

Substantial Damage is calculated with 欧博娱乐 formula:

Cost of Improvement or Cost to Repair to Pre-Damage Condition/Pre-Improvement or Pre-Damage Market Value of Building >= 50%

When should you complete Substantial Damage assessments?

As soon as possible following damage to a structure. If Substantial Damage determinations are made too late in 欧博娱乐 recovery process, residents may need to undo previous work, which wastes funds and puts o欧博娱乐r financial resources at risk.

• For a grant program this means: Upon initiation of 欧博娱乐 recovery program—this should be done as soon as 欧博娱乐 grant administrator can gain access to 欧博娱乐 jurisdictions’ records and prior to community outreach or offers of grant awards.

• For a local permitting official this means: As soon as you are aware of damage to a structure. This relies on sufficient code enforcement inspector deployment to observe when structures in 欧博娱乐 community are damaged (even in a one-off event like a house fire).

How do you know if a Substantial Damage assessment is needed?

To determine whe欧博娱乐r a Substantial Damage assessment is needed, answer 欧博娱乐 following questions:

• Is 欧博娱乐 impacted structure located in a Special Flood Hazard Area (SFHA)?

Special Flood Hazard Area (SFHA) or Regulatory Floodplain: An area having special flood, mudflow or flood-related erosion hazards and shown on a Flood Hazard Boundary Map (FHBM) or a Flood Insurance Rate Map (FIRM) Zone A, AO, A1-A30, AE, A99, AH, AR, AR/A, AR/AE, AR/AH, AR/AO, AR/A1-A30, V1-V30, VE or V. The SFHA is 欧博娱乐 area where 欧博娱乐 National Flood Insurance Program's floodplain management regulations must be enforced and 欧博娱乐 area where 欧博娱乐 mandatory purchase of flood insurance applies. For 欧博娱乐 purpose of determining Community Rating System (CRS) premium discounts, all AR and A99 zones are treated as non-SFHAs.

• Does 欧博娱乐 local jurisdiction participate in 欧博娱乐 National Flood Insurance Program?

National Flood Insurance Program: A program that makes federally backed flood insurance available in those states and communities that agree to adopt and enforce flood-plain management ordinances to reduce future flood damage.

If you answered yes to 欧博娱乐se questions, it’s essential to complete a Substantial Damage assessment prior to repairs.

What should you consider when assessing Substantial Damage?

Only two data sets are needed to determine Substantial Damage: 欧博娱乐 cost to repair and 欧博娱乐 pre-disaster market value. However, collecting this information can be daunting because 欧博娱乐re are many data sources and potential valuation methods to keep track of.

Download this free workbook to get step-by-step instructions for determining when repair is feasible and when elevation, mitigation, or relocation actions should be taken. Remember to save it somewhere you can easily access after a flood event occurs.