A FEMA-imposed change in a community's status resulting from violations and deficiencies in the administration and enforcement of NFIP local floodplain management regulations.

A single-family dwelling in which, at the time of loss, the named insured or the named insured’s spouse has lived for either 80% of the 365 days immediately preceding the loss or 80% of the period of ownership, if less than 365 days.

A single family building, condominium unit, apartment unit, or unit within a cooperative building that will be lived in by the policyholder or the policyholder's spouse for: More than 50% of the 365 calendar days following the current policy effective date; or 50% or less of the 365 calendar days following the current policy effective date if the policyholder has only one residence and does not lease that residence to another party or use it as rental or income property at any time during the policy term. A policyholder and the policyholder's spouse may not collectively have more than one primary residence.

FAQs Archive - Page 6 of 22 - Flood Insurance Education & Resources

Q: Probation Surcharge (Premium)

A flat charge that the policyholder must pay on each new or renewal policy issued covering property in a community that the NFIP has placed on probation under the provisions of 44 CFR 59.24.

Q: Principally Above Ground Building

A building that has at least 51% of its Actual Cash Value (ACV), including machinery and equipment, above ground.

Q: Presentment of Payment (Premium)

The date of the check or credit card payment by the applicant or applicant’s representative if the premium payment is not part of a loan closing or the date of closing, if the premium payment is part of a loan closing.