Severe repetitive loss structure

Severe repetitive loss structure means a structure that is covered under an NFIP flood insurance policy and has incurred flood-related damage:
(1) For which 4 or more separate claims payments have been made under flood insurance coverage under subchapter B of this chapter, with the amount of each claim (including building and contents payments) exceeding $5,000, and with the cumulative amount of such claims payments exceeding $20,000; or
(2) For which at least 2 separate flood insurance claims payments (building payments only) have been made, with cumulative amount of such claims exceeding the value of the insured structure.

Source

44 CFR § 77.2


Scoping language

Except as otherwise provided in this part, the definitions set forth in 59.1 of this subchapter are applicable to this part.

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