[Code of Federal Regulations]
[Title 44, Volume 1]
[Revised as of October 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 44CFR206.250]

[Page 477-478]
 
              TITLE 44--EMERGENCY MANAGEMENT AND ASSISTANCE
 
 CHAPTER I--FEDERAL EMERGENCY MANAGEMENT AGENCY, DEPARTMENT OF HOMELAND 
                                SECURITY
 
PART 206_FEDERAL DISASTER ASSISTANCE FOR DISASTERS DECLARED ON OR AFTER 
 
           Subpart I_Public Assistance Insurance Requirements
 
Sec.  206.250  General.

    Source: 56 FR 64560, Dec. 11, 1991, unless otherwise noted.


    (a) Sections 311 and 406(d) of the Stafford Act, and the Flood 
Disaster Protection Act of 1973, Public Law 93-234, set forth certain 
insurance requirements which apply to disaster assistance provided by 
FEMA. The requirements of this subpart apply to all assistance provided 
pursuant to section 406 of the Stafford Act with respect to any major 
disaster declared by the President after November 23, 1988.
    (b) Insurance requirements prescribed in this subpart shall apply 
equally to private nonprofit (PNP) facilities which receive assistance 
under section 406 of the Act. PNP organizations shall submit the 
necessary documentation and assurances required by this subpart to the 
Grantee.
    (c) Actual and anticipated insurance recoveries shall be deducted 
from otherwise eligible costs, in accordance with this subpart.
    (d) The full coverage available under the standard flood insurance 
policy from the National Flood Insurance

[[Page 478]]

Program (NFIP) will be subtracted from otherwise eligible costs for a 
building and its contents within the special flood hazard area in 
accordance with Sec.  206.252.
    (e) The insurance requirements of this subpart should not be 
interpreted as a substitute for various hazard mitigation techniques 
which may be available to reduce the incidence and severity of future 
damage.