Severe Repetitive Loss (SRL)
Severe Repetitive Loss (SRL) :
Any NFIP-insured residential property that has met at least one of the following paid flood loss criteria since 1978, regardless of ownership: (a) Four or more separate claim payments of more than $5,000 each (including building and contents payments); (b) Two or more separate claim payments (building payments only) where the total of the payments exceeds the current value of the property in either case, two of the claim payments must have occurred within 10 years of each other. Multiple losses at the same location within 10 days of each other are counted as one loss, with the payment amounts added together. The loss history includes all ownership of the property since 1978 or since the building's construction if built after 1978
No records Found