Abstract
The passage of the Flood Insurance Act of 1968 [U.S. Congress, 1968] has set the stage for the inclusion of flood insurance as a viable floodplain management alternative. As of March 1969, insurance is being marketed in parts of five urban areas: Fairbanks, Alaska; New Orleans, Louisiana; Alexandria and Arlington, Virginia; Matewan, West Virginia and Baytown, Texas. The program determines rates in the following fashion.Preparatory to determining rates, three sets of information are established:1. Profile of the 100‐year flood.2. A stage‐frequency curve.3. Depth‐percent damage curves by class of structure. (At present, policies are only written for 1–4 family residences so that the number of classes is limited. Rate tables have been developed for the following classes of structures: (a) one‐story, no basement; (b) two‐story, no basement; (c) one‐story with basement; (d) two‐story with basement; and (e) tri‐level.)
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
