IceBridge L4 Sea Ice Freeboard, Snow Depth, and Thickness ...
WHY HAVE A FREEBOARD?
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Transcript of WHY HAVE A FREEBOARD?
WHY HAVE A FREEBOARD?
THERE ARE MANY GOOD REASONS TO ENFORCE
ADDITIONAL ELEVATION (MARGIN OF SAFETY)
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WHY HAVE A FREEBOARD?
INSURANCE SAVINGSA SINGLE FAMILY HOME, ONE FLOOR, NO
BASEMENT WITH $200,000/$50,000 COVERAGE:
• AT BFE (0 FEET) = $902
• 1 FOOT ABOVE = $605
• 2 FEET ABOVE = $428
• 3 FEET ABOVE = $388
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WHY HAVE A FREEBOARD?
PROTECT PROPERTY FROM FLOOD DAMAGE
• SEA LEVEL RISE – UP TO 3 FEET NEXT 100 YEARS
• LAND SUBSIDENCE• MORE FREQUENT STORMS• MORE SEVERE STORMS LIKE ISABEL
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WHY HAVE A FREEBOARD?
PROTECT RESIDENTS FROM DISRUPTION
• MANY PEOPLE STILL OUT OF THEIR HOMES
• PEOPLE STILL WAITING FOR ASSISTANCE• FLOOD INSURANCE DOES NOT PAY FOR
ALL
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WHY HAVE A FREEBOARD?
FREEDOM FROM WORRY
• UNELEVATED HOMEOWNERS WORRY ABOUT WHAT NEXT FLOOD WILL DO TO THEM
• OUT OF POCKET EXPENSES MAY OVERWHELM HOMEOWNER (ESPECIALLY IF NO FLOOD INSURANCE)
• MANY BELONGINGS MAY BE IRREPLACEABLE• DISASTERS ARE STRESSFULL IN PROPORTION TO
THE EFFECT ON THE INDIVIDUAL
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WHY HAVE A FREEBOARD?
FURTHER PREMIUM SAVINGS FROM PARTICIPATING IN COMMUNITY
RATING SYSTEM
• COMMUNITY GETS 100 POINTS FOR EVERY FOOT OF FREEBOARD
• 500 POINTS = 5% REDUCTION IN PREMIUM• MANY OTHER ACTIVITIES ELIGIBLE FOR
POINTS
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WHY HAVE A FREEBOARD?
REDUCTION IN EMERGENCY RESPONSE DURING A DISASTER
• PEOPLE SAFER IN THEIR HOMES• IF EVACUATED, CAN RETURN SOONER• PERSONAL PROPERTY MORE PROTECTED
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WHY HAVE A FREEBOARD?
ELEVATION OF DUCTWORK
• NFIP REQUIRES THAT DUCTWORK BE ELEVATED TO OR ABOVE BFE
• DUCTWORK NORMALLY INSTALLED UNDER FLOOR JOISTS
• FORCES TOP OF FLOOR UP ALMOST 2 FEET• FREEBOARD CAN APPLY TO TOP OF
FLOOR
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WHY HAVE A FREEBOARD?
ADDITIONAL COST TO ELEVATE 2-3 FEET ABOVE BFE CAN BE RECOVERED QUICKLY THROUGH
SAVINGS IN FLOOD INSURANCE PREMIUMS
• ESTIMATED COST TO LAY 2-3 COURSES OF BLOCK = $1000 - $1800
• MAXIMUM FLOOD INSURANCE SAVINGS PER YEAR = $514
• TIME TO RECOUP ADDITIONAL EXPENSE = ABOUT 3 YEARS
• FLOOD INSURANCE WILL BE MORE COSTLY IN FUTURE
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Summary Slide
WHY HAVE A FREEBOARD?
• PROTECTION OF LIFE AND PROPERTY• SAVINGS OVER LONGER TERM• FREEDOM FROM DISRUPTION• FREEDOM FROM WORRY• REDUCE EMERGENCY RESPONSE