Flood Zone NFIP Rate Lookup
Audit actual flood quote against caller fully matched verified rating key (all property/rating-edition factors external); zone alone not an NFIP rate, no published regulatory rate or insurance quote invented.
Description
A flood premium lookup needs a fully matched rating key including property and edition factors.
A flood premium lookup needs a fully matched rating key including property and edition factors. Zone alone does not define this tool’s rate.1
The returned values include Caller matched flood premium minor, Signed observed flood quote difference minor. The How section below explains the calculation, input rules and interpretation.
When to use Flood Zone NFIP Rate Lookup
Use Flood Zone NFIP Rate Lookup when you need to evaluate the supplied records under the calculation and evidence rules below. No NFIP rate table, property-factor inference or actual insurance quote is generated.
Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
How to use Flood Zone NFIP Rate Lookup and understand its results
- Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
- Enter callerFloodRatingKeyIds, callerVerifiedAnnualFloodPremiumMinor, queryVerifiedFloodRatingKeyId, observedFloodQuoteMinor using the field table and calculation rules, then run the tool.
- Read callerMatchedFloodPremiumMinor, signedObservedFloodQuoteDifferenceMinor. The explanation below defines the units, signs, ordering and any flags or placeholder values.
- If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.
| Input field | Meaning | Value type; see rules below | Requirement |
|---|---|---|---|
| callerFloodRatingKeyIds | Caller flood rating key ids | list of string | Required |
| callerVerifiedAnnualFloodPremiumMinor | Caller verified annual flood premium minor | list of number | Required |
| queryVerifiedFloodRatingKeyId | Query verified flood rating key id | string | Required |
| observedFloodQuoteMinor | Observed flood quote minor | number | Required |
Enter aligned nonempty unique nonblank rating keys and integer verified annual premiums 0–10¹², an exact existing query and integer observed quote 0–10¹². Return matched premium and signed quote difference.
matchedPremium=exactCatalogLookup(key); difference=quote−matchedPremium Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.
| Output field | Meaning | Value type |
|---|---|---|
| callerMatchedFloodPremiumMinor | Caller matched flood premium minor | number |
| signedObservedFloodQuoteDifferenceMinor | Signed observed flood quote difference minor | number |
{
"input": {
"callerFloodRatingKeyIds": [
"zone-a:edition",
"zone-b:edition"
],
"callerVerifiedAnnualFloodPremiumMinor": [
10000,
15000
],
"queryVerifiedFloodRatingKeyId": "zone-a:edition",
"observedFloodQuoteMinor": 12000
},
"output": {
"callerMatchedFloodPremiumMinor": 10000,
"signedObservedFloodQuoteDifferenceMinor": 2000
}
}Limitations and assumptions
No NFIP rate table, property-factor inference or actual insurance quote is generated.
Numeric inputs, where present, must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Numeric lists are limited to 10,000 entries; string lists to 128 strings of at most 128 characters each. The rules above may impose smaller limits. Extremely large text inputs are rejected. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors.
Alternative or Complementary methods
Use Zip Code Territory Factor Lookup: Territory rating keys can include ZIP text and rate edition. Keeping keys as text preserves leading zeros and avoids inventing geographic risk factors. For a complementary task, use Auto Premium Base Class Lookup: An auto base-class quote audit compares observed money with a verified class rate. Premium modifications belong to separate scenarios.
References
-
Flood Zone NFIP Rate Lookup — tool.io
Similar or alternative tools
- Zip Code Territory Factor Lookup
Territory rating keys can include ZIP text and rate edition. Keeping keys as text preserves leading zeros and avoids inventing geographic risk factors.
- Auto Premium Base Class Lookup
An auto base-class quote audit compares observed money with a verified class rate. Premium modifications belong to separate scenarios.