SECTION 4: RISK ASSESSMENT
Table 4.77 – NFIP Policy and Claims Data by Flood Zone, Wendell
Number of Policies in Force
Total Premium
Total Coverage $1,128,000
Number of Closed Paid Losses
Total of Closed Paid Losses
Flood Zone
A01-30 & AE Zones
4
$2,623
4
$55,546.12
B, C & X Zone Standard
8 0
$4,450
$2,524,000
1
$16,618.82 $72,742.42 $144,907.36
Preferred
$0
$0
4 9
Total
12
$7,073
$3,652,000
Source: FEMA Community Information System as of 06/02/2024
Z E B U L O N
Table 4.78 – NFIP Policy and Claims Data by Occupancy Type, Zebulon
Number of Policies in Force
Total Premium
Insurance in Force $3,270,000
Number of Closed Paid Losses
Total of Closed Paid Losses
Occupancy
Single Family
13
$8,315
10
$173,307.69
2-4 Family
0 0 0
$0 $0 $0
$0 $0 $0
0 0 0
$0.00 $0.00 $0.00
All Other Residential
Non Residential
Total
13
$8,315
$3,270,000
10
$173,307.69
Source: FEMA Community Information System as of 06/02/2024
Table 4.79 – NFIP Policy and Claims Data by Flood Zone, Zebulon
Number of Policies in Force
Total Premium
Total Coverage $1,520,000
Number of Closed Paid Losses
Total of Closed Paid Losses
Flood Zone
A01-30 & AE Zones
8
$5,431
6
$48,093.86
B, C & X Zone Standard
5 0
$2,884
$1,750,000
3 3
$14,133.86 $124,837.59 $187,065.31
Preferred
$0
$0
Total
13
$8,315
$3,270,000
12
Source: FEMA Community Information System as of 06/02/2024
REPETITIVE LOSS A repetitive loss property is a property for which two or more flood insurance claims of more than $1,000 have been paid by the NFIP within any 10-year period since 1978. An analysis of repetitive loss was completed to examine repetitive losses within the region. According to February 2024 NFIP records, there are a total of 160 repetitive loss properties within Wake County, of which 64 are insured and 96 are uninsured. At the time of their first claim, 36 of these properties were non-residential and 124 were residential. There are 30 properties on the list classified as severe repetitive loss properties. A severe repetitive loss property is classified as such if it has four or more separate claim payments of more than $5,000 each (including building and contents payments) or two or more separate claim payments (building only) where the total of the payments exceeds the current value of the property.
Table 4.80 summarizes repetitive loss properties by jurisdiction as identified by FEMA through the NFIP.
Wake County, NC Multi-Jurisdictional Hazard Mitigation Plan
WSP June 2024 Page 155
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