An under-floor space that has its interior floor area (finished or not) no more than 5 feet below the top of the next-higher floor. Crawlspaces generally have solid foundation walls. See Diagram 8 in the Elevation Certificate Instructions.

A Flood Insurance Rate Map (FIRM) that shows flooding information for the entire geographic area of a county, including the incorporated communities within the county.

An employee of a Write Your Own (WYO) Company or an agent/producer under written contract with a WYO Company, empowered to act on the company’s behalf and with authority to advise an applicant for flood insurance that the company will accept the risk.

A type of building in the form of ownership in which each unit owner has an undivided interest in common elements of the building.

A 6-digit designation identifying each NFIP community. The first 2 numbers are the state code. The next 4 are the FEMA-assigned community number. An alphabetical suffix is added to a community number to identify revisions in the Flood Insurance Rate Map (FIRM) for that community.

A political entity that has the authority to adopt and enforce floodplain ordinances for the area under its jurisdiction.

A penalty imposed on the loss payment unless the amount of insurance carried on the damaged building is at least 80% of its replacement cost or the maximum amount of insurance available for that building under the NFIP, whichever is less. Coinsurance applies only to building coverage under the Residential Condominium Building Association Policy (RCBAP).

FAQs Archive - Page 15 of 23 - Flood Insurance Education & Resources

Q: Condominium Association

The entity made up of the unit owners responsible for the maintenance and operation of the following: Common elements owned in undivided shares by unit owners; Other real property in which the unit owners have use rights; where membership in the entity is a required condition of unit ownership.