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The flood having a 1% chance of being equaled or exceeded in any given year.
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All > Business > Finance > Insurance > Flood Insurance
The elevation shown on the Flood Insurance Rate Map (FIRM) for Zones AE, AH, A1-A30, AR, AR/A, AR/AE, AR/A1-A30, AR/AH, AR/AO, V1-V30, and VE that indicates the water surface elevation resulting from a flood that has a 1% chance of equaling or exceeding that level in any given year.
- Browse Related Terms: Base Flood, Base Flood Elevation (BFE), Basement, Breakaway wall, Elevated Building, Enclosure, Flood, Floodplain, Lowest Floor, Non-Special Flood Hazard Area (NSFHA)
All > Business > Finance > Insurance > Flood Insurance
Any area of the building, including any sunken room or sunken portion of a room, having its floor below ground level (subgrade) on all sides.
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All > Business > Finance > Insurance > Flood Insurance
A wall that is not part of the structural support of the building and is intended through its design and construction to collapse under specific lateral loading forces, without causing damage to the elevated portion of the building or supporting foundation system.
- Browse Related Terms: Base Flood, Base Flood Elevation (BFE), Basement, Breakaway wall, Elevated Building, Enclosure, Flood, Floodplain, Lowest Floor, Non-Special Flood Hazard Area (NSFHA)