Question: After receiving a substantial damage determination letter from her community, Karla has decided to relocate her home, which had a pre - flood market value
After receiving a substantial damage determination letter from her community, Karla has decided to relocate her home, which had a preflood market value of $ and has incurred $ of flood damage. Relocation of the home will cost $ What would be Karla's ICC payment?
A $ which is the relocation cost
B $ assuming that elevation would be a less expensive option
C $ which is currently the maximum Increased Cost of Compliance payment allowed
D $ which is half of the cost of relocating the home
E $ which is half the amount of the current flood damage
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