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WHY HAVE A FREEBOARD?

WHY HAVE A FREEBOARD?. THERE ARE MANY GOOD REASONS TO ENFORCE ADDITIONAL ELEVATION (MARGIN OF SAFETY). WHY HAVE A FREEBOARD?. INSURANCE SAVINGS A SINGLE FAMILY HOME, ONE FLOOR, NO BASEMENT WITH $200,000/$50,000 COVERAGE: AT BFE (0 FEET) = $902 1 FOOT ABOVE = $605 2 FEET ABOVE = $428

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WHY HAVE A FREEBOARD?

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  1. WHY HAVE A FREEBOARD? THERE ARE MANY GOOD REASONS TO ENFORCE ADDITIONAL ELEVATION (MARGIN OF SAFETY)

  2. WHY HAVE A FREEBOARD? INSURANCE SAVINGS A SINGLE FAMILY HOME, ONE FLOOR, NO BASEMENT WITH $200,000/$50,000 COVERAGE: • AT BFE (0 FEET) = $902 • 1 FOOT ABOVE = $605 • 2 FEET ABOVE = $428 • 3 FEET ABOVE = $388

  3. WHY HAVE A FREEBOARD? PROTECT PROPERTY FROM FLOOD DAMAGE • SEA LEVEL RISE – UP TO 3 FEET NEXT 100 YEARS • LAND SUBSIDENCE • MORE FREQUENT STORMS • MORE SEVERE STORMS LIKE ISABEL

  4. WHY HAVE A FREEBOARD? PROTECT RESIDENTS FROM DISRUPTION • MANY PEOPLE STILL OUT OF THEIR HOMES • PEOPLE STILL WAITING FOR ASSISTANCE • FLOOD INSURANCE DOES NOT PAY FOR ALL

  5. WHY HAVE A FREEBOARD? FREEDOM FROM WORRY • UNELEVATED HOMEOWNERS WORRY ABOUT WHAT NEXT FLOOD WILL DO TO THEM • OUT OF POCKET EXPENSES MAY OVERWHELM HOMEOWNER (ESPECIALLY IF NO FLOOD INSURANCE) • MANY BELONGINGS MAY BE IRREPLACEABLE • DISASTERS ARE STRESSFULL IN PROPORTION TO THE EFFECT ON THE INDIVIDUAL

  6. WHY HAVE A FREEBOARD? FURTHER PREMIUM SAVINGS FROM PARTICIPATING IN COMMUNITY RATING SYSTEM • COMMUNITY GETS 100 POINTS FOR EVERY FOOT OF FREEBOARD • 500 POINTS = 5% REDUCTION IN PREMIUM • MANY OTHER ACTIVITIES ELIGIBLE FOR POINTS

  7. WHY HAVE A FREEBOARD? REDUCTION IN EMERGENCY RESPONSE DURING A DISASTER • PEOPLE SAFER IN THEIR HOMES • IF EVACUATED, CAN RETURN SOONER • PERSONAL PROPERTY MORE PROTECTED

  8. WHY HAVE A FREEBOARD? ELEVATION OF DUCTWORK • NFIP REQUIRES THAT DUCTWORK BE ELEVATED TO OR ABOVE BFE • DUCTWORK NORMALLY INSTALLED UNDER FLOOR JOISTS • FORCES TOP OF FLOOR UP ALMOST 2 FEET • FREEBOARD CAN APPLY TO TOP OF FLOOR

  9. WHY HAVE A FREEBOARD? ADDITIONAL COST TO ELEVATE 2-3 FEET ABOVE BFE CAN BE RECOVERED QUICKLY THROUGH SAVINGS IN FLOOD INSURANCE PREMIUMS • ESTIMATED COST TO LAY 2-3 COURSES OF BLOCK = $1000 - $1800 • MAXIMUM FLOOD INSURANCE SAVINGS PER YEAR = $514 • TIME TO RECOUP ADDITIONAL EXPENSE = ABOUT 3 YEARS • FLOOD INSURANCE WILL BE MORE COSTLY IN FUTURE

  10. Summary Slide WHY HAVE A FREEBOARD? • PROTECTION OF LIFE AND PROPERTY • SAVINGS OVER LONGER TERM • FREEDOM FROM DISRUPTION • FREEDOM FROM WORRY • REDUCE EMERGENCY RESPONSE

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