Substantial Damage 3
Substantial Damage 3 : Damage sustained by a structure during a disaster whereby the cost of restoring the structure to its pre-disaster state would equal or exceed 50 percent of its pre-disaster market value. FEMA 311, Guidance on Estimating Substantial Damage, provides detailed information to State and local floodplain management officials on how to calculate substantial damage in accordance with the National Flood Insurance Program regulations, (FEMA 311 also includes software that performs necessary calculations)
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