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 pre-flood market value of $240,000 and has incurred $150,000 of flood damage. Relocation of the home will cost $120,000. What would be Karla's ICC payment?
A. $120,000, which is the relocation cost
B. $0, assuming that elevation would be a less expensive option
C. $30,000, which is currently the maximum Increased Cost of Compliance payment allowed
D. $60,000, which is half of the cost of relocating the home
E. $75,000, which is half the amount of the current flood damage
 After receiving a substantial damage determination letter from her community, Karla

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