Standard Flood Insurance Policy

URI: https://gptkb.org/entity/Standard_Flood_Insurance_Policy
GPTKB entity
Statements (29)
Predicate Object
gptkbp:instanceOf gptkb:insurance
gptkbp:administeredBy gptkb:Federal_Emergency_Management_Agency
gptkbp:alsoKnownAs gptkb:SFIP
gptkbp:availableOn gptkb:United_States
gptkbp:basisOfSettlement actual cash value
replacement cost (for primary residences)
gptkbp:covers personal property
building property
direct physical loss by flood
gptkbp:excludes earth movement
additional living expenses
financial loss from business interruption
loss of use
https://www.w3.org/2000/01/rdf-schema#label Standard Flood Insurance Policy
gptkbp:introducedIn 1968
gptkbp:issuedBy gptkb:National_Flood_Insurance_Program
gptkbp:maximumSpeed $100,000 for contents
$250,000 for residential buildings
gptkbp:policyholder homeowners
renters
business owners
gptkbp:publicLawNumber gptkb:FEMA_Form_81-17
gptkbp:purpose reduce economic impact of flooding
gptkbp:regulates gptkb:U.S._federal_government
gptkbp:renewalPeriod annually
gptkbp:requires federally regulated lenders in high-risk flood areas
gptkbp:startDate 30 days after purchase
gptkbp:bfsParent gptkb:NFIP
gptkbp:bfsLayer 6