Insurance and risk management terminology · MLC-0106
Insurance and risk management terms: S (31)
- Sand DunesNaturally occurring accumulations of sand in ridges or mounds landward of the beach. Human alteration of sand...
- Scheduled Building PolicyA policy that requires a specific amount of insurance to be designated for each building and its contents.
- Section 13161. Section of the National Flood Insurance Act of 1968, as amended, which states that no new flood insurance...
- SetbackSetbacks may be used to keep development out of harm's way. Setback standards establish minimum distances...
- Severe Repetitive Loss Building1. Any building that: • Is covered under a Standard Flood Insurance Policy made available under this title; •...
- Severe Repetitive Loss PropertyEither a severe repetitive loss building or the contents within a severe repetitive loss building, or both.
- Sewer SystemsSee Utilities.
- Shear WallsWalls used for structural support but not structurally joined or enclosed at the ends (except by breakaway...
- Sheet Flow HazardA type of flood hazard with flooding depths of 1 to 3 feet that occurs in areas of sloping land. The sheet...
- Single BuildingA building that is separated from other buildings by intervening clear space or solid, vertical, load-bearing...
- Single Family Dwelling1. Either: • A residential single-family building in which the total floor area devoted to non-residential...
- Solid (Perimeter) Foundation WallsWalls that are used as a means of elevating a building in A Zones and that must contain sufficient openings...
- Special Flood Hazard Area1. An area having special flood, mudflow or flood-related erosion hazards and shown on a Flood Hazard...
- Split LevelA foundation with a vertical offset in the floor framing on either side of a common wall.
- Standard Flood Insurance Policy1. • Dwelling Form. The policy form used to insure a building designed for use as a residence for no more...
- Start of Construction1. For other than new construction or substantial improvements, under the Coastal Barrier Resources Act...
- StockMerchandise held in storage or for sale, raw materials and in-process or finished goods, including supplies...
- StorageAll new construction and substantial improvements must have any fully enclosed area below the lowest floor...
- Structurea. A walled and roofed building, other than a gas or liquid storage tank, principally above ground and...
- SubdivisionA community must review subdivision proposals and other proposed new development including manufactured home...
- Subgrade CrawlspaceA crawlspace foundation where the subgrade under-floor area is no more than 5 feet below the top of the...
- Submit-for-RateAn application for flood insurance on a building for which no risk rate is published in the NFIP Flood...
- Submit-to-RateThe insurance premium rate tables used for the National Flood Insurance Program (NFIP) do not cover cases...
- Subsidized Premium RateA rate charged to a group of policies that results in aggregate premiums insufficient to pay anticipated...
- Substantially Damaged BuildingA building that has incurred damage of any origin whereby the cost of restoring the building to its before...
- Substantially Damaged PropertyEither a substantially damaged building or the contents within a substantially damaged building, or both.
- Substantially Improved Building1. A building that has undergone reconstruction, rehabilitation, addition, or other improvement, the cost of...
- Substantially Improved PropertyEither a substantially improved building or the contents within a substantially improved building, or both.
- Surcharge (Insurance)When a community is placed on probation by the National Flood Insurance Program (NFIP), each policyholder...
- Suspension1. FEMA's removal of an NFIP participating community from the program because the community has not enacted...
- Swimming PoolsA pool adjacent to an elevated V Zone building may be constructed at grade or elevated so that the lowest...
31 of 272 terms in Insurance and risk management terminology (MLC-0106). Request the full dataset.