The total average premium increase for all NFIP policies is 9%. Federal policy fees will increase for all policies while only the PRP policies will see a Reserve Fund fee increase. Read more about April 2016 premium increases here.
Changes to Pre-FIRM, newly mapped, and grandfathered for continuous coverage
Rules will change to require re-underwriting for a lapse in coverage related to renewal payments received after 30 days but within 90 days on policies that are rated Pre-FIRM, with the Newly Mapped rates, or Grandfathered based on continuous coverage. Click here for details on the revised rule.
Clear Communications
Due to flood reforms, policyholders are to be informed about their true flood risk potential compared to how the policy is rated. As a result, documentation and verification of each policy's current flood zone will be required with all new applications effective April 1, 2016 and later. Read more about Clear Communications.
