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What is Increased Cost of Compliance?

compliance COST increased
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What is Increased Cost of Compliance?

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If your home or business is damaged by a flood, you may be required to meet certain building requirements in your community to reduce future flood damage. To help with these costs, the NFIP includes Increased Cost of Compliance (ICC) coverage for all eligible properties insured under the Standard Flood Insurance Policy. Read more about ICC.

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