NFIP rates used to issue policies for applications that fail to provide the NFIP with valid actuarial rating information.

FEMA's removal of an NFIP participating community from the program because the community has not enacted and/or enforced the proper floodplain management regulations required for participation.

A crawlspace foundation where the subgrade under-floor area is no more than 5 feet below the top of the next-higher floor and no more than 2 feet below the lowest adjacent grade on all sides.

Merchandise held in storage or for sale, raw materials and in-process or finished goods, including supplies used in their packing or shipping. "Stock" does not include any property not covered under "Section IV. Property not Covered" of the General Property Form, except the following: Parts and equipment for self-propelled vehicles; Furnishings and equipment for watercraft; Spas and hot-tubs, including their equipment; and Swimming pool equipment.

FAQs Archive - Page 3 of 23 - Flood Insurance Education & Resources

Q: Substantially Damaged Building

A building that has incurred damage of any origin whereby the cost of restoring the building to its before damaged condition would equal or exceed 50% of the market value of the building before the damage occurred.

Q: Subsidized Premium Rate

A rate charged to a group of policies that results in aggregate premiums insufficient to pay anticipated losses and expenses for that group

Q: Submit-for-Rate (SFR)

An application for flood insurance on a building for which no risk rate is published in the NFIP Flood Insurance Manual . Insurance coverage can be obtained only after the insurer has approved the application and has established the risk premium rate.