Farmville, Virginia · General provision
Definitions - Severe repetitive loss structure
Extracted standards
3 individual requirements pulled out of this section’s prose, each with the sentence it came from.
Floodplain
- Severe repetitive loss claim amount5,000 dollars
amount of each such claim exceeding five thousand dollars ($5,000.00)
- Severe repetitive loss claims4 claims
4 or more separate claims payments
- Severe repetitive loss cumulative amount20,000 dollars
cumulative amount of such claims payments exceeding twenty thousand dollars ($20,000.00)
From the ordinance
incurred flood related damage—(i) For which 4 or more separate claims payments have been made under flood insurance coverage with the amount of each such claim exceeding five thousand dollars ($5,000.00), and with the cumulative amount of such claims payments exceeding twenty thousand dollars ($20,000.00); or (ii) For which at least 2 separate claims payments have been made under such coverage, with the cumulative amount of such claims exceeding the market value of the insured structure.