MANAGEMENT

Detailed explanation-1: -FEMA’s high-risk flood zones – those that make up the SFHA – are those that begin with the letters “A” or “V.” Homeowners located in A or V zones are required to purchase flood insurance if they have a mortgage from a federally-backed or federally-regulated lender.

Detailed explanation-2: -The areas of minimal flood hazard, which are the areas outside the SFHA and higher than the elevation of the 0.2-percent-annual-chance flood, are labeled Zone C or Zone X (unshaded).

Detailed explanation-3: -High-risk flood areas begin with the letters A or V on FEMA flood maps. These areas face the highest risk of flooding. If you own a property in a high-risk zone and have a federally backed mortgage, you are required to purchase flood insurance as a condition of that loan.

Detailed explanation-4: -The limit for contents coverage on all residential buildings is $100, 000, which is also available to renters. Commercial structures can be insured to a limit of $500, 000 for the building and $500, 000 for the contents. MYTH: You can’t buy flood insurance if your property has been flooded.

Detailed explanation-5: -(idiomatic, by extension) To provide a very large quantity (of something).