APPENDIX C: MITIGATION ALTERNATIVES
provided for buildings and their contents damaged by a "general condition of surface flooding" in the area. Most people purchase flood insurance because it is required by the bank when they get a mortgage or home improvement loan. Usually these policies just cover the building's structure and not the contents. Contents coverage can be purchased separately. Renters can buy contents coverage, even if the owner does not buy structural coverage on the building. Most people don't realize that there is a 30-day waiting period to purchase a flood insurance policy and there are limits on coverage. Public Property Governments can purchase commercial insurance policies. Larger local governments often self-insure and absorb the cost of damage to one facility, but if many properties are exposed to damage, self- insurance can drain the government's budget. Communities cannot expect federal disaster assistance to make up the difference after a flood. Local Implementation/CRS Credit The CRS provides the most credit points for acquisition and relocation under Activity 520, because this measure permanently removes insurable buildings from the floodplain. The City of Raleigh could receive credit for Activity 520 – Acquisition and Relocation, for acquiring and relocating buildings from the SFHA. The HMPC recommended that the City continue the purchase of repetitive loss buildings through its Stormwater Utility funding and other buildings which are subject to flood damage in order to return this land to open space. The CRS also credits barriers and elevating existing buildings under Activity 530. The credit for Activity 530 is based on the combination of flood protection techniques used and the level of flood protection provided. Points are calculated for each protected building. Bonus points are provided for the protection of repetitive loss buildings and critical facilities. It may not be likely that the City of Raleigh could receive credit for Activity 530 – Flood Protection, but the City could receive credit for Activity 360 – Flood Protection Assistance. There is capable staff at the City who have the technical expertise to provide advice and assistance to homeowners who may want to flood proof their home or business. Advice is provided both on property protection techniques and on financial assistance programs to help fund mitigation. Though it was not selected as a mitigation action due because it is already established and ongoing, the HMPC did not agree that any mitigation project would be necessary for Activity 360 Flood Protection Assistance. Flood insurance information for the City is provided in Section 5 and in greater detail in Annex B. The City of Raleigh publicizes the requirement for flood insurance to those requesting FIRM information through the Mandatory Purchase Requirement and through outreach brochures to residents of the SFHA and repetitive loss areas. There is no credit for purchasing flood insurance, but the CRS does provide credit for local public information programs that, among other topics, explain flood insurance to property owners. The CRS also reduces the premiums for those people who do buy NFIP coverage. The City of Raleigh could receive credit for Activity 330 – Outreach Projects. The HMPC would like to focus outreach to property owners on the availability of Increased Cost of Compliance (ICC) coverage, which provides additional funds to repetitive loss properties and substantially damaged properties to offset the cost of improvements needed to bring these properties up to code.
Wake County Multi-Jurisdictional Hazard Mitigation Plan 2019
C.9
Made with FlippingBook - professional solution for displaying marketing and sales documents online