2024-25213. National Flood Insurance Program Installment Payment Plan  

  • Table 1—Total Costs Over 10 Years

    [2023$]

    Year Policyholder costs FEMA costs WYO insurance company costs Total costs undiscounted Annual costs discounted at 2%
    1 $8,544,708 $861,907 $3,586,152 $12,992,767 $12,738,007
    ( print page 87305)
    2 0 368,152 1,986,152 2,354,304 2,262,884
    3 0 368,152 1,986,152 2,354,304 2,218,513
    4 0 368,152 1,986,152 2,354,304 2,175,013
    5 0 368,152 1,986,152 2,354,304 2,132,366
    6 0 368,152 1,986,152 2,354,304 2,090,555
    7 0 368,152 1,986,152 2,354,304 2,049,563
    8 0 368,152 1,986,152 2,354,304 2,009,376
    9 0 368,152 1,986,152 2,354,304 1,969,976
    10 0 368,152 1,986,152 2,354,304 1,931,349
    Total 8,544,708 4,175,275 21,461,520 34,181,503 31,577,602
    Annualized 3,515,425

Document Information

Effective Date:
12/31/2024
Published:
11/01/2024
Department:
Federal Emergency Management Agency
Entry Type:
Rule
Action:
Final rule.
Document Number:
2024-25213
Dates:
This rule is effective December 31, 2024.
Pages:
87299-87309 (11 pages)
Docket Numbers:
Docket ID FEMA-2024-0030
RINs:
1660-AB16
Topics:
Claims, Flood insurance, Reporting and recordkeeping requirements
PDF File:
2024-25213.pdf
CFR: (2)
44 CFR 61
44 CFR 62