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repetitive loss structure

Defined in 3 places of the United States Code.

The term “repetitive loss structure” has the meaning given such term in section 4121 of this title.

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The term “repetitive loss structure” has the meaning given the term in section 4121 of this title.

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  • 2020–present42 U.S.C. § 5135The Public Health and Welfare · Grants to entities for establishment of hazard mitigation revolving loan funds · in this section

the term “repetitive loss structure” means a structure covered by a contract for flood insurance that—

(A) has incurred flood-related damage on 2 occasions, in which the cost of repair, on the average, equaled or exceeded 25 percent of the value of the structure at the time of each such flood event; and

(B) at the time of the second incidence of flood-related damage, the contract for flood insurance contains increased cost of compliance coverage.

Source

the term “repetitive loss structure” means a structure covered by a contract for flood insurance that—

(A) has incurred flood-related damage on 2 occasions, in which the cost of repair, on the average, equaled or exceeded 25 percent of the value of the structure at the time of each such flood event; and

(B) at the time of the second incidence of flood-related damage, the contract for flood insurance contains increased cost of compliance coverage.1

Source

the term “repetitive loss structure” means a structure covered by a contract for flood insurance under this chapter that has incurred flood-related damage on 2 occasions during a 10-year period ending on the date of the event for which a second claim is made, in which the cost of repair, on the average, equaled or exceeded 25 percent of the value of the structure at the time of each such flood event;

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