(1) by redesignating subsection (c) as sub-
section (d); and 
(2) by inserting after subsection (b) the fol-
lowing new subsection: 
‘‘(c) MULTIPERIL COVERAGE FOR DAMAGE FROM 
FLOOD OR WINDSTORM.— 
‘‘(1) IN GENERAL.—The national flood insur-
ance program established pursuant to subsection (a) 
shall enable the purchase of optional insurance 
against loss resulting from physical damage to or 
loss of real property or personal property related 
thereto located in the United States arising from 
any flood or windstorm, subject to the limitations in 
this subsection and section 1306(b). 
‘‘(2) COMMUNITY
PARTICIPATION
REQUIRE-
MENT.—Multiperil coverage pursuant to this sub-
section may not be provided in any area (or subdivi-
sion thereof) unless an appropriate public body shall 
have adopted adequate land use and control meas-
ures (with effective enforcement provisions) which 
the Director finds are consistent with the com-
prehensive criteria for land management and use re-
lating to windstorms establish pursuant to section 
1361(d)(2). 
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‘‘(3) PROHIBITION AGAINST DUPLICATIVE COV-
ERAGE.—Multiperil coverage pursuant to this sub-
section may not be provided with respect to any 
structure (or the personal property related thereto) 
for any period during which such structure is cov-
ered, at any time, by flood insurance coverage made 
available under this title. 
‘‘(4) NATURE OF COVERAGE.—Multiperil cov-
erage pursuant to this subsection shall— 
‘‘(A) cover losses only from physical dam-
age resulting from flooding or windstorm; and 
‘‘(B) provide for approval and payment of 
claims under such coverage upon proof that 
such loss must have resulted from either wind-
storm or flooding, but shall not require for ap-
proval and payment of a claim that the specific 
cause of the loss, whether windstorm or flood-
ing, be distinguished or identified. 
‘‘(5) ACTUARIAL
RATES.—Multiperil coverage 
pursuant to this subsection shall be made available 
for purchase for a property only at chargeable risk 
premium rates that, based on consideration of the 
risks involved and accepted actuarial principles, and 
including operating costs and allowance and admin-
istrative expenses, are required in order to make 
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such coverage available on an actuarial basis for the 
type and class of properties covered. 
‘‘(6) TERMS
OF
COVERAGE.—The Director 
shall, after consultation with persons and entities re-
ferred to in section 1306(a), provide by regulation 
for the general terms and conditions of insurability 
which shall be applicable to properties eligible for 
multiperil coverage under this subsection, subject to 
the provisions of this subsection, including— 
‘‘(A) the types, classes, and locations of 
any such properties which shall be eligible for 
such coverage, which shall include residential 
and nonresidential properties; 
‘‘(B) subject to paragraph (7), the nature 
and limits of loss or damage in any areas (or 
subdivisions thereof) which may be covered by 
such coverage; 
‘‘(C) the classification, limitation, and re-
jection of any risks which may be advisable; 
‘‘(D) appropriate minimum premiums; 
‘‘(E) appropriate loss deductibles; and 
‘‘(F) any other terms and conditions relat-
ing to insurance coverage or exclusion that may 
be necessary to carry out this subsection. 
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‘‘(7) LIMITATIONS
ON
AMOUNT
OF
COV-
ERAGE.—The regulations issued pursuant to para-
graph (6) shall provide that the aggregate liability 
under multiperil coverage made available under this 
subsection shall not exceed the lesser of the replace-
ment cost for covered losses or the following 
amounts, as applicable: 
‘‘(A) RESIDENTIAL STRUCTURES.—In the 
case of residential properties— 
‘‘(i) for any single-family dwelling, 
$500,000; and 
‘‘(ii) for any structure containing 
more than one dwelling unit, $500,000 for 
each separate dwelling unit in the struc-
ture; and 
‘‘(iii) $150,000 per dwelling unit 
for— 
‘‘(I) any contents related to such 
unit; and 
‘‘(II) any necessary increases in 
living expenses incurred by the in-
sured when losses from flooding or 
windstorm make the residence unfit to 
live in. 
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‘‘(B) NONRESIDENTIAL
PROPERTIES.—In 
the case of nonresidential properties (including 
church properties)— 
‘‘(i) $1,000,000 for any single struc-
ture; and 
‘‘(ii) $750,000 for— 
‘‘(I) any contents related to such 
structure; 
‘‘(II) in the case of any nonresi-
dential property that is a business 
property, any losses resulting from 
any partial or total interruption of the 
insured’s business caused by damage 
to, or loss of, such property from 
flooding or windstorm, except that for 
purposes of such coverage, losses shall 
be determined based on the profits the 
covered business would have earned, 
based on previous financial records, 
had the flood or windstorm not oc-
curred.’’. 
(b) PROHIBITION
AGAINST
DUPLICATIVE
COV-
ERAGE.—The National Flood Insurance Act of 1968 is 
amended by inserting after section 1313 (42 U.S.C. 4020) 
the following new section; 
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