Claims News Service, Oct. 13, 8:20 a.m. EDT — MONTGOMERY, Al. — Flood damage, unlike lightning, does strike in the same place more than once. More than 20,000 communities enrolled in the National Flood Insurance Program (NFIP) have taken this to heart and agreed to enforce strict building code practices that will lessen the risk of repeat damage by floodwaters.
For eligible flood insurance policyholders, as much as $30,000 could be available to defray the cost of bringing homes and businesses into compliance with floodplain ordinances.
NFIP policyholders may benefit from "Increased Cost of Compliance" (ICC) coverage, which partly covers the extra cost of meeting building codes. It is included in most National Flood Insurance Program (NFIP) policies. Flood victims should contact their agent about this coverage.
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