There are major changes coming to the flood program in Toledo, Ohio October 1st. You will now have the option to cancel your NFIP flood policy and go to the private market if you qualify. This could save you up to 70% on your flood insurance and give you more coverage. Below you will see a bulletin from FEMA regarding this change. 

National Flood Insurance Program October 1, 2018, Program Changes: A Summary The changes outlined in this bulletin apply to new business, renewals, endorsements, and cancellations that will become effective on or after October 1, 2018. 1. Cancellation Reason Code 26 for Duplicate Coverage under Non-NFIP Policy Beginning October 1, 2018, FEMA will establish Cancellation Reason Code 26 to allow cancellation of an NFIP policy when a policyholder has obtained a duplicate policy from sources other than the NFIP. The non-NFIP insurance coverage must be for building coverage on the same building that is insured by the flood policy being canceled. Cancellation Effective Date: The date the cancellation request is received by the insurer.  Type of Refund: Pro-rata refund including ICC premium, Reserve Fund Assessment, and HFIAA Surcharge. The refund does not include the Federal Policy Fee and Probation Surcharge (if applicable).  Cancellation Request: Must be received within the current NFIP policy year. Required Documentation: A copy of the non-NFIP policy’s declaration page and a statement from the mortgagee, if any, accepting the non-NFIP policy as the replacement. Years Eligible for Refund: Current year. 

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Chris Greene


Chris Greene

President of The Flood Insurance Guru
M.S. in Emergency Management with a focus in Flood Mitigation


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