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07/18/2013 09:25 AM EDT
AURORA, Ill. – If your home or business is in an area that floods frequently and the building received substantial damage from flooding during the spring storms, local officials may require you to elevate, relocate, or demolish your structure to prevent future losses.
This can be quite costly, but NFIP standard flood insurance policies will pay up to $30,000 of the eligible costs under the increased cost of compliance (ICC) coverage.
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