One Policy, Three Forms
There is one SFIP, but three different forms:
  • The Dwelling Form: This policy form covers non-condominium residential buildings designed for principal use as a dwelling place for one to four families, or a single-family dwelling unit in a condominium building
  • The General Property Form: This policy form covers non-residential buildings and other residential buildings, and their contents, and a condominium building in which less than 75 percent of the square footage is residential
  • The Residential Condominium Building Association Policy (RCBAP): This policy covers a residential condominium building, meaning that 75 percent or more of square footage of the building is residential
You will learn more about each form in detail in this lesson and in Lesson 3.
Image collage of three SFIP form covers: Dwelling, General Property, and Residential Condominium Building Association Policy forms. A banner reading Standard Flood Insurance Policy (SFIP) appears over the collage.