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• The time between the date of application and the policy effective date.

  Federal Emergency Management Agency (FEMA) - Cite This Source - This Definition
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  Cite Definition for Waiting Period

  American Psychological Association (APA)

  Waiting Period. (n.d.). National Flood Insurance Glossary. Retrieved June 2, 2023, from website: http://www.expertglossary.com/definition/waiting-period.

  Chicago Manual of Style (CMS)

  Waiting Period. National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). http://www.expertglossary.com/definition/waiting-period (accessed: June 2, 2023).

  Modern Language Association (MLA)

  "Waiting Period." National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). 2 June. 2023 http://www.expertglossary.com/definition/waiting-period.

• Browse Related Terms: Actual cash value (ACV), Elevation Certificate, Federal Policy Fee, Grandfathering, Group Flood Insurance Policy (GFIP), Increased Cost of Compliance (ICC), policy, Post-FIRM Building, Pre-FIRM Building, Preferred Risk Policy (PRP), Probation Surcharge (Premium), Replacement Cost Value (RCV), Standard Flood Insurance Policy (SFIP), Submit-for-Rate, Waiting Period, Wave Height Adjustment, Write Your Own (WYO) Program

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All > Business > Finance > Insurance > Flood Insurance

• A measurement that is added to the base flood elevation for V Zones shown on the Flood Insurance Rate Map published prior to 1981. For coastal communities, the base flood elevation shown on Flood Insurance Rate Maps published prior to 1981 are still-water elevations, which include only the effects of tide and storm surge, and not the height of wind-generated waves.

  Federal Emergency Management Agency (FEMA) - Cite This Source - This Definition
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  Cite Definition for Wave Height Adjustment

  American Psychological Association (APA)

  Wave Height Adjustment. (n.d.). National Flood Insurance Glossary. Retrieved June 2, 2023, from website: http://www.expertglossary.com/definition/wave-height-adjustment.

  Chicago Manual of Style (CMS)

  Wave Height Adjustment. National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). http://www.expertglossary.com/definition/wave-height-adjustment (accessed: June 2, 2023).

  Modern Language Association (MLA)

  "Wave Height Adjustment." National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). 2 June. 2023 http://www.expertglossary.com/definition/wave-height-adjustment.

• Browse Related Terms: Actual cash value (ACV), Elevation Certificate, Federal Policy Fee, Grandfathering, Group Flood Insurance Policy (GFIP), Increased Cost of Compliance (ICC), policy, Post-FIRM Building, Pre-FIRM Building, Preferred Risk Policy (PRP), Probation Surcharge (Premium), Replacement Cost Value (RCV), Standard Flood Insurance Policy (SFIP), Submit-for-Rate, Waiting Period, Wave Height Adjustment, Write Your Own (WYO) Program

All > Business > Finance > Insurance > Flood Insurance

• A cooperative undertaking of the insurance industry and FEMA begun in October 1983. The WYO Program operates within the context of the NFIP and involves private insurance carriers who issue and service NFIP policies.

  Federal Emergency Management Agency (FEMA) - Cite This Source - This Definition
  ×

  Cite Definition for Write Your Own (WYO) Program

  American Psychological Association (APA)

  Write Your Own (WYO) Program. (n.d.). National Flood Insurance Glossary. Retrieved June 2, 2023, from website: http://www.expertglossary.com/definition/write-your-own-wyo-program.

  Chicago Manual of Style (CMS)

  Write Your Own (WYO) Program. National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). http://www.expertglossary.com/definition/write-your-own-wyo-program (accessed: June 2, 2023).

  Modern Language Association (MLA)

  "Write Your Own (WYO) Program." National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). 2 June. 2023 http://www.expertglossary.com/definition/write-your-own-wyo-program.

• Browse Related Terms: Actual cash value (ACV), Elevation Certificate, Federal Policy Fee, Grandfathering, Group Flood Insurance Policy (GFIP), Increased Cost of Compliance (ICC), policy, Post-FIRM Building, Pre-FIRM Building, Preferred Risk Policy (PRP), Probation Surcharge (Premium), Replacement Cost Value (RCV), Standard Flood Insurance Policy (SFIP), Submit-for-Rate, Waiting Period, Wave Height Adjustment, Write Your Own (WYO) Program