Severe Repetitive Loss Building
Any building that: Is covered under a Standard Flood Insurance
Section 1316
Section of the National Flood Insurance Act of 1968, as
Scheduled Building Policy
A policy that requires a specific amount of insurance to
Residential Property
Either a residential building or the contents within a residential
Residential Condominium Building Association Policy (RCBAP)
See "Standard Flood Insurance Policy (SFIP)-Residential Condominium Building Association Policy
Residential Condominium Building
A building, owned and administered as a condominium, containing 1
Residential Building
A non-commercial building designed for habitation by one or more
Reserve Fund Assessment
An amount dedicated to the NFIP Reserve Fund as authorized
Replacement Cost Value (RCV)
The cost to replace property with the same kind of
Repetitive Loss Structure
An NFIP-insured structure that has had at least 2 paid