Fremont County Courthouse
450 North 2nd Street
Lander, WY  82520
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Definition of Flood:

A general and temporary condition of partial or complete inundation of normally dry land areas from:

  • Overflow of inland or tidal waters.
  • The unusual and rapid accumulation or runoff of surface waters from any source.

LOSSES COVERED AS A RESULT OF:

Contact with flood water.

  1. Sewer back-up, seepage, or hydrostatic pressure, when these conditions are caused by surface flooding which at the same time damaged the property.
  2. Land subsidence, sewer backup, or seepage of water provided that:
    1. There is a general and temporary condition of flooding in the area (immediate vicinity).
    2. The flooding is the proximate cause of the land subsidence, sewer backup, or seepage of water.
    3. The land subsidence, sewer backup, or seepage of water damage occurs no later than 72 hours after the flood has receded.
    4. The insured building must be insured, at the time of loss, for at least 80 percent of its replacement cost or the maximum amount of insurance available under the program.
  3. Freezing of flood waters which directly damages the insured property.

LOSSES NOT COVERED

  1. Theft, fire, windstorm, wind, explosion, land sinkage.
  2. Earth movement, rain, snow, sleet, hail or water spray.
  3. Land subsidence, sewer backup, or seepage of water unless,
    1. There is a general and temporary condition of flooding in the area.
    2. The flooding is the proximate cause of the land subsidence, sewer backup, or seepage of water.
    3. The land subsidence, sewer backup, or seepage of water damage occurs no later that 72 hours after the maximum amount of insurance available under the program.
  4. Conditions substantially confined to the Insurer’s premises building or within the Insurer’s control.
  5. Loss of access, loss of use, loss of profits or loss resulting from interruption of business.
  6. Additional living expenses.
  7. Increased cost of repair or reconstruction resulting from an ordinance (current building codes or floodplain ordinances).
  8. Other economic losses.
  9. Loss in progress means a loss in progress at 12:01 a.m. on the first day of the policy term. A loss is considered to be in progress when an Insured building first sustains damage by flood. This is when surface waters first make contact with the Insured building, not when flood
  10. Damage intentionally caused by the Insurer’s or resulting from a modification to the property or premises which materially increases the risk of flooding.
  11. Loss from a flood which is confined to the Insurer’s premises, unless flood covered two acres or more of the premises. It must be a general condition of flooding.

SCOPE OF BASEMENT COVERAGE

ELEMENTS COVERED UNDER STRUCTURE POLICY

  • Foundation elements
  • Required utility connections
  • Sump pumps
  • Well water tanks and pumps
  • Oil tanks and the oil in them
  • Cisterns and the water in them
  • Natural gas tanks and the gas in them
  • Pumps and/or tanks used in conjunction with solar energy systems
  • Furnaces
  • Hot water heaters
  • Air conditioners
  • Heat pumps
  • Electrical junction and circuit breaker boxes including electrical outlet and wiring
  • Clean-up
  • Unfinished (e.g. not painted, not covered/sheet-rock) walls, ceilings and related fiberglass insulation
  • Elevators and relevant equipment except for such relevant equipment located below the base flood elevation if such equipment was installed on or after October 1, 1987

ELEMENTS COVERED UNDER CONTENTS POLICY

  • Clothes washers and dryers
  • Food freezers and the food in them

ELEMENTS NOT COVERED

  • Contents
  • Improvements such as finished walls, floors and ceilings
  • Building equipment and fixtures not specifically covered

Substantially Damaged Buildings

The National Flood Insurance Program (NFIP) is based on an agreement between local communities and the Federal government.

All structures that are determined to be substantially damaged in the floodplain are automatically considered to be substantial improvements, regardless of the actual repair work performed. In other words, if the cost necessary to fully repair the structure to its before damaged condition is equal to or greater than 50% of the structure’s market value before damages, then the structure must be elevated (or floodproofed if it is non-residential) to or above the level of the base flood, and meet other applicable program requirements.

Substantially damaged structure as defined in 59.1 of the NFIP regulations: “Damage of any origin is sustained by a structure whereby the cost of restoring the structure to its before damaged condition would equal or exceed 50 percent of the market value of the structure before the damage occurred.

Insurance waiting period for new enrollees in NFIP

“The effective date and the waiting period for a new coverage or increase in limits on a policy in force shall be 12:01 a.m. local time, on the 30th calendar day following the date of endorsement and the presentment of additional premium, or on such later date set by the insured to conform with the reason for the change”.

There are three exceptions to this rule.

  1. There is no waiting period if the initial purchase of flood insurance on a submit-for-rate application is in connection with making, increasing, extending or renewing a loan, provided that the policy is applied for and presentment of premium is made at or prior to the loan closing.
  2. The 30-day waiting period does not apply when flood insurance is required as a result of a lender determining that a loan which does not have flood insurance coverage should be protected by flood insurance. The coverage is effective upon the completion of an application and their presentment of payment of premium.
  3. During the 13-month period beginning on the effective date of the map revision, the effective date of a new policy shall be 12:01 a.m., local time, following the day after the presentment of premium. This rule only applies where the Flood Hazard Boundary Map (FHBM) or Flood Insurance Rate Map (FIRM) is revised to show the building to be in a Special Flood Hazard Area (SFHA) when it had not been in a SFHA.

Fremont County Government | 450 North 2nd Street | Lander, WY  82520
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