Increased Cost of Compliance (ICC)

 

Increased Cost of Compliance (ICC)

Increased Cost of Compliance (ICC) coverage is one of several resources for flood insurance policyholders that need additional help rebuilding after a flood.  It will provide up to $30,000 to help cover the cost of mitigation measures that will reduce flood risk.  ICC benefits can also help pay for improvements required for repetitive loss properties.

If a home or business is damaged by a flood, the property owner may be required to meet certain building requirements in your community to reduce future flood damage before  the property owner can repair or rebuild.  To help cover the costs of meeting those requirements, the National Flood Insurance Program (NFIP) includes Increased Cost of Compliance (ICC) coverage for all new and renewed Standard Flood Insurance Policies.

 

Supporting Documentation

This collection contains information on Increased Cost of Compliance (ICC).  Its coverage provides a claim payment for the cost to comply with State or community floodplain management laws or ordinances after a direct loss by flood.  When a building insured by a Standard Flood Insurance Policy (SFIP) under the NFIP sustains a flood loss and the community declares the building to be substantially or repetitively damaged, ICC coverage helps pay up to $30,000 for the cost to elevate, floodproof (nonresidential only), demolish, or relocate the building.

Increased Cost of Compliance (ICC) coverage is one of several resources for flood insurance policyholders who need additional help rebuilding after a flood.  It provides up to $30,000 to help cover the cost of mitigation measures that will reduce flood risk.  ICC coverage is a part of most standard flood insurance policies available under FEMA’s National Flood Insurance Program (NFIP).

Additional information on increased cost of compliance can be found below:

 

For more information: link to FEMA’s ICC webpage.  

More InformationFor key changes being made to the NFIP mprogram, link to the WYO Bulletins.