Drench the Certified Floodplain Manager (CFM) Test 2025 – Make Waves and Ace It!

Question: 1 / 400

What defines substantial damage according to FEMA 480?

Damage by natural disasters only

Damage requiring cosmetic repairs

Damage where repair costs exceed 75% of the market value

Damage where repair costs equal or exceed 50% of the market value before damage

Substantial damage, as defined by FEMA 480, is when the cost of repairs equal or exceed 50% of the market value of the property before the damage occurred. This means that the cost to repair the damage is more than half of the overall value of the property. This option is the most accurate definition and the other options do not correctly define substantial damage according to FEMA 480. Option A is incorrect because substantial damage can occur from both natural and man-made disasters. Option B is incorrect because substantial damage is not limited to just cosmetic repairs, it can include structural damage as well. Option C is incorrect because the cost of repairs only needs to exceed 50% of the market value, not 75%. Therefore, option D is the most accurate definition of substantial damage according to FEMA 480.

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