Common use of Base Flood Clause in Contracts

Base Flood. The flood having a one percent chance of being equaled or exceeded in magnitude in any given year (commonly called a 100-year flood). [Adapted from Chapter 31

Base Flood. The flood having a one percent chance of being equaled or exceeded in magnitude in any given year (commonly called a 100-year flood). [Adapted from Chapter 3131 of Nebraska Statutes]