Repetitive Loss Property
Repetitive Loss Property : Any NFIP-insured property that, since 1978 and regardless of any change(s) of ownership during that period, has experienced any of the following:1) Four or more paid flood losses exceeding $1,000 each 2) Two paid flood losses exceeding $1,000 each within any 10-year period since 1978 3)Three or more paid losses that equal or exceed the current value of the insured property
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