This is no April Fool's joke, but a big change is coming to the claims process and rating for federal flood insurance.

In this article, we want to discuss the changes to the claims variable and how your flood insurance premiums are going to be impacted by the new claims rating system with the Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP). We want to discuss three (3) things that you to know about this upcoming change to flood insurance on April 1st, 2023.

Flood Insurance Claims

First, let's cover how flood insurance claims can impact not only your flood insurance policy but also how risks are viewed for your property or home.

When it comes to the federal side of flood insurance under the National Flood Insurance Program (NFIP), flood claims can directly impact your rates. This happens in two forms with Risk Rating 2.0: the Severe Repetitive Loss (SRL) and the Claims Variable. As a policyholder, it's important to keep in mind these keywords.

3 Things to Know: FEMA's Claims Rating Factor Changes on April 1st

The Severe Repetitive Loss (SRL) list for properties indicates that the property has filed more than one flood claim in a 10-year period. Generally, this indicates a higher risk for flooding and will in turn impact the flood insurance premiums of a certain policy.

The claims variable on the other hand is the newer claims rating factor that was introduced with Risk Rating 2.0. Initially, this new system will clean the policyholder's flood claim history and start from scratch.

5 Tips When Purchasing Flood Insurance

However, if a claim is filed and paid out, the policyholder will see a potential increase in premium rates as FEMA will conduct a 20-year lookback where they will count all of the flood claims made during that period. This claim variable will produce a number that becomes a multiplier for the rates and is dependent on the number of claims made during that period.

But what are the coming changes to claims with FEMA for April 1st, 2023?

3 THINGS CHANGING WITH CLAIMS

1. 10-YEAR WINDOW & CLAIM DATES

One of the big things to have changed when it comes to federal flood insurance claims rating factor is dates.

Previously, if you were to file a claim under Risk Rating 2.0 with FEMA, they will start to do a 20-year lookback which means that they will look at all the claims made on the property for flood insurance for the past 20 years. The number of claims made will be used as a claim variable which acts as a multiplier for your flood insurance rates.

This lookback is changed to only do a look back for 10 years only. This can make it easier for property owners to avoid a higher claim variable.

3 Things to Know: FEMA's Claims Rating Factor Changes on April 1st

Another change that involves dates is more focused on when FEMA's claim rating factor kicks in. Previously, any and all claims made during Risk Rating 2.0 will immediately trigger the claim review. These claims may be from any time prior to April 1st, 2023.

Basically, all of the claims made in the past 20 years regardless of the date will be sent as part of the review. Generally, this could also mean that there will be higher rates due to having a higher claim variable. 3 Things to Know: FEMA's Claims Rating Factor Changes on April 1st

For this new update, you will have to file a claim on April 1st, 2023, or later for the claim review triggered. This simply gives more leniency and a chance for property owners to get more breathing space before claims impact their rates.

This is important because...

2. WHAT TRIGGERS THE CLAIM REVIEW

Before this upcoming update, even if you file just a single claim during Risk Rating 2.0 — which means any flood insurance claims made before April 1st, 2023 — will immediately trigger the review. This can really hurt especially with how flooding behavior has changed in the past decade.

With this update, you will now have to file 2 claims within this 10-year period for the claim review to be triggered.

 3 Things to Know: FEMA's Claims Rating Factor Changes on April 1st

We recently had a customer who had these troubles with the previous system where they had two flood claims made in the last 20 years but only one in the last ten years. In the Risk Rating 2.0 claim review, this meant that both claims will be part of the claims variable however with this update, only one of them will be considered. 

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3. WHAT CLAIMS ARE EXCLUDED

Let's move into another category in this update which concerns more about what types of claims are excluded in the Risk Rating 2.0 review and which ones are excluded in this April 1st, 2023 update.

Previously, the only exclusions are for Increased Cost of Compliance (ICC) and Closed Without Payment (CWP). So this meant that if you filed a Loss Avoidance Claim, you will see this included. Generally, this meant that the previous system also uses Loss Avoidance Claims to trigger the claim review.3 Things to Know: FEMA's Claims Rating Factor Changes on April 1st

With this new update, Loss Avoidance Claims will be added to the exclusions. These are claims made for helping your property avoid damage from flooding which includes things like sandbagging, and creating temporary levees, or water pumps to name a few. Generally, this goes around for $1,000 with a standard flood insurance policy.

So you can imagine that if these are still to be included with the rating factor for claims, it could really become a burden for policyholders, but that won't be the case anymore.

You can see the full breakdown of what we discussed here:

3 Things to Know: FEMA's Claims Rating Factor Changes on April 1st

These are the upcoming changes to how flood insurance claims work with federal flood insurance. If you are ready to take the next steps to get the right flood insurance coverage then there are three simple steps.

  • Fill out this form — Get A Quote
  • Talk with our flood education specialist.
  • Get back to the important things in your life.

Got more flood insurance questions? Visit our Flood Learning Center below to know more:

Flood Insurance Guru - Flood Learning Center

Last year, September 1st, 2021, marked the beginning of the changes to how flood insurance works with the Federal Emergency Management Agency (FEMA). You might be one of the property owners who faced these changes head-on. This initially impacted the newly acquired policy on the aforementioned date.

National Flood Insurance Program Risk Rating 2.0: One Year Later

In this article, we look at Risk Rating 2.0 and understand its overall impact on federal flood insurance, addressing flood risks, and how it impacted property owners throughout the United States.

Risk Rating 2.0: A Lookback

It's been years on end before the federal flood insurance was able to overhaul and update how they approach flood insurance. This came through the Risk Rating 2.0 program which aimed to address the risk of flooding across the United States.

This goal looks to provide a more accurate flood risk rating across the country. This also meant that your flood risk will be measured for multiple items. Here's how your policyholders are being rated based on Risk Rating 2.0. Here's how your rating methodology is changing:

  • Zone designation in the flood insurance rate map (e.g. special flood hazard areas (SFHA); preferred flood zones)
  • Distance to a body of water such as a river, lake, or even the coastline
  • Prior flood insurance claims or flood claims made with the property
  • Policy assumption and grandfather rule

National Flood Insurance Program Risk Rating 2.0: One Year Later

The new things that will come with the Risk Rating 2.0 are as follows:

  • Flood type that your property experience. This can be either pluvial or the accumulated water due to heavy rainfall, runoff of collected water that flows from higher areas, storm surge and coastal erosion, dam/levee damage or overflow, and even a combination of these things.
  • First-floor height and elevation of the structure. A new feature that determines your flood risk score is the distance between the ground (grade) from your first floor or the first habitable floor of your property.
  • Flood Risk Mitigation Measures made on the property. Is the lowest floor above the base flood elevation? Are there enough flood openings to let floodwaters through?

These changes were the goals of Risk Rating 2.0, but how did it really impact flood insurance a year after the implementation of this program?

Are Flood Risks Being Addressed?

After so much talk about the changes to federal flood insurance that FEMA will bring to homeowners and property owners across the United States, it's only common to ask if the risks are being addressed by these changes to flood insurance policies with the NFIP.

In order to answer this, we need to dive deep into its impacts. Let's start with the flood insurance premium rates with the National Flood Insurance Program (NFIP) after Risk Rating 2.0.

Flood Premiums

We've covered this in our multiple blogs about Risk Rating 2.0 and this might be one of the questions that you are asking yourself: how does Risk Rating 2.0 impact my premium rates?

Generally, in FEMA's own report, about 77% of homes will be seeing some form of an increase in flood premiums with the Risk Rating 2.0. These premium increases vary from $1 up to more than $20 in monthly premiums.

Risk Rating 2.0: Equity in Action | FEMA.gov

To break it down for you, FEMA estimated even before the Risk Rating 2.0 program happened that at least 66 percent of homeowners will be seeing an increase of $0 to $10 per month or simply up to $100 annually with the policies.

This is because the Risk Rating 2.0 is showing more of the risks that each property is facing compared to simply just basing it on flood zones from flood insurance rate maps. Now, this part is important on how the changes to flood zone impacted flood insurance overall.

National Flood Insurance Program Risk Rating 2.0: One Year Later

Flood Zone Requirements

One of the biggest things that came out with the Risk Rating 2.0 is how it addresses flood zones. In the Legacy Program — you might call it Pre-Risk Rating 2.0 or NFIP 1.0 — your flood zones generally tip the scales of whether or not your rate increases.

With the NFIP Risk Rating 2.0, these flood zones in your community's respective flood maps will only be used to see who's required to buy flood insurance. This means that if you're in a high-risk flood zone, like Flood Zone A also known as Special Flood Hazard Area (SFHA), you will definitely be required to carry flood insurance either by the state or your mortgage.

How did this impact risks for properties across the U.S.? A lot of insurance agents like us saw that people find that they have to adjust when selling individual properties due to the property value being impacted by these risks and the flood insurance requirement.

National Flood Insurance Program Risk Rating 2.0: One Year Later

Number of Flood Policies

You might think that these changes are going to encourage more people to get flood insurance. We can't blame you, but considering the economical status of the United States with things getting more expensive, these increases on flood premiums might just be a thorn against buyers' and policyholders' side.

In August of this year, PreventionWeb reported that at least a 9% decrease happened to the total number of FEMA flood policies between the months of September 2021 and June 2022. This is around 4.96 million going down to 4.54 million across the country.

We also saw the same pattern where most of the residents of Mississippi don't have an active flood insurance policy. In this case alone, only 3% of Mississippi properties will have protection against flood damage in any potential flood event.

This is equally observable, especially in preferred risk areas wherein a 34% drop was noticed in the reports of E&E News. This means that policies decreased from 1.91 million on Sept. 30 to 1.26 million on June 30.

It's only fair to mention however that Risk Rating 2.0 also began to eliminate elevation certificates as a required document for buying flood insurance. Only time can tell whether or not this change with elevation certificates will positively impact the number of flood policies considering that getting an elevation certificate can really help lower flood insurance rates.

National Flood Insurance Program Risk Rating 2.0: One Year Later

Are Flood Risks Being Addressed?

So, we go back to this question: does Risk Rating 2.0 really address the risks of both floods or is it creating a bigger risk with how it managed to approach flood policies across the country? In our take, Risk Rating 2.0 is a big uphill climb in addressing the actual needs of homeowners when it comes to flood insurance.

Just like anything, only time can tell where we'll go from here. Let us know your answer to this question.

Ready to solve your flood insurance problems? Here are the steps you can take:

  • Fill out this form —Buy Now
  • Talk with our flood education specialist.
  • Get back to the important things in your life.

 

 

Flood insurance rates can hurt the wallet. Wouldn't be nice if your wallet was impacted less? The NFIP is trying to modernize the program to do that.

In this blog we will discuss this problem, the solution that is being offered, and how to put time and money back into your life by simplifying these changes

Modernizing The National Flood Insurance Program (NFIP)

However, even with this update — which was made live for all policyholders on April 4, 2022 —, a new legislative proposal is still at hand. Let's talk about the seventeen (17) proposal reauthorization with the Federal Emergency Management Agency (FEMA) and how it can impact flood insurance.

The NFIP Reform

Congressional leaders outlined in their Legislative Package Reform some of the principles they are planning for the National Flood Insurance Program (NFIP)'s priorities in the long run.

It's important to note that despite the changes with Risk Rating 2.0, there are still a lot of concerns that flooded residents outside of flooding alone. One of the biggest concerns is flood insurance premiums being too high for most policyholders.

Modernizing The National Flood Insurance Program (NFIP)

Hence, the NFIP proposal for reform is intended to include the following things which boil down to the following:

  • Affordability of flood insurance for low-and-moderate income families
  • Risk communication and flood risk mitigation
  • Reducing flood risks and addressing repetitive loss properties
  • A sound and transparent financial framework

So what do these four entail? Well, look no further as we'll discuss it here.

Financial Framework

First, we need to address the biggest concerns that residents have with federal flood insurance: flood insurance rates.

It's no secret that there are bound to be some increases on your premium rates once that RIsk Rating 2.0 kicks in. We can owe this to the fact that your full flood risk is being taken into account when it comes to your policy.

1. Making NFIP Sustainable

One of the biggest concerns with the Federal Emergency Management Agency (FEMA) and the NFIP is that it's still reeling from the debt it has which increases per year.

The proposal looks to clarify the National Flood Insurance Act of 1968 (NFIA) to support full-risk rates. This way, a sounder financial framework is being established for policyholders.

Modernizing The National Flood Insurance Program (NFIP)

A full-risk premium rate with flood insurance is the rate that's being charged to a group of policies. Generally, this causes the premium rate of flood policies to be calculated as a group to make it more sufficient to pay any anticipated losses and expenses.

This means that if you're doing a policy that covers multiple buildings, you might find it easier to manage your premium rates as this will follow a full-risk rating method.

Modernizing The National Flood Insurance Program (NFIP)

2. Borrowing Authority

Another thing coming up with this proposal is aiming to eliminate interest for future debt and decrease how much the NFIP can borrow. This means that the National Flood Insurance Program (NFIP) is only allowed two-thirds of total premiums in force.

It's important to note that this has a direct impact on the availability and affordability of flood insurance with the NFIP.

Modernizing The National Flood Insurance Program (NFIP)

3. Financial Resilience

The NFIP proposal also looks to provide some form of resiliency and reliability with the federal flood insurance option.

This comes in the form of allowing liquidity in order for you to be able to quickly get your flood insurance claim paid. This also looks to provide that without any problems in the future.

Modernizing The National Flood Insurance Program (NFIP)

Communicating and Analysing Risks

Another thing — what might be the most important one — that the proposal is looking to reform is how residents get information on their property's flood risk.

Here are the new provisions that this NFIP reform is looking to propose.

4. Risk-Informed NFIP

There are two things that this item covers: flood maps and information on flood risk.

FEMA is looking to simplify and provide clarity on how flood insurance rate maps really impact federal flood insurance. So, instead of simply saying that your house is in a flood zone, this reform aims to provide an understanding of where flood insurance is required.

Modernizing The National Flood Insurance Program (NFIP)

This is really important considering how Risk Rating 2.0 is moving flood zones as a regulatory basis for flood insurance and not premium rates.

Now, when it comes to risk information, the proposal aims to enhance flood insurance products that help understand what flood risks really are and, rates-wise, how they impact flood insurance quotes and policies.

5. Flood Risk Disclosure

Another concern that this NFIP reform is looking to change is how flood risk is being shared with property owners.

Generally, the property's flood risk is either made known to the buyer after the real estate transaction or during the sale. This also applies to renters and not just property owners. Hence, the proposal looks to require full disclosure for participating communities on what risks the houses are facing when it comes to flood risk.

Modernizing The National Flood Insurance Program (NFIP)

For floodplain management of participating NFIP communities, this means that there must be at least a minimum flood-risk report sent to the seller and lessors before they even close the deal.

Simply, this means that you will get to see firsthand the flood risk you are facing.

6. Replacement Cost Value & Premium Rates

For this one, the proposal is more concerned with how premium rates are being calculated. This reform looks to use the replacement cost value (RCV) or the value of the property in determining the flood insurance rates.

Generally, this looks to help you get a sign and understand the true risk for flooding that your property is facing. This proposal somewhat echoes what Risk Rating 2.0 aims to do which is to accurately provide flood risk.

7. Coastal Zones and Inland Areas

Another thing that we're seeing with this proposal is how coastal zones and areas are being separated from inland locations.

We have seen how flood zones are being overhauled to also address the flood risks for coastal areas such as the Coastal AE zones. This is being done in order to get a better understanding and rating for the two different areas.

Improving Resilience

8. Multi-Year Reauthorization

One thing that most people might not know about the National Flood Insurance Program (NFIP) is that its original authorization expired in September of 2017. You might be wondering by now, how were they able to provide flood insurance in the past few years?

This is because the NFIP is clinging to short-term extensions. However, the proposal is looking to extend the reauthorization up to September 30th, 2031.

Getting authorization means that FEMA and the NFIP will be able to provide flood insurance for residents across the country until the next 9 years. This also means that they get to sell and service flood policies even during a lapse of appropriations.

Modernizing The National Flood Insurance Program (NFIP)

9. Means-Tested Assistance

Now, this is one of the biggest things coming out of this NFIP reform program is how low-to-moderate incomes are being considered when rating properties.

What does this mean? Flood insurance policies will be easier to manage because of the graduated discount benefit for both current and potential residential properties that will purchase flood insurance from these areas.

Modernizing The National Flood Insurance Program (NFIP)

You might be wondering what's being considered low-to-income households. According to the proposal, these households are those that fall at or below 120% of the Area Median Income.

At the time of writing, the initial estimate of median household income is around $76,000 in a report from April 2022. Now, it's important to note that this consideration depends on where you are.

10. Excessive Loss Properties

A new form of loss properties is being added with this proposal termed "Excessive Loss Properties" or simply XLP. A property is going to be listed as XLP if four or more flood claims and their respective payments of at least $10,000 were made in the life of the property.

Due to this indication of constant flood loss on the property, FEMA will have the discretion to not provide flood insurance. This means that if your house is listed as XLP — due to more than 4 instances of incurring flood damage — you won't be able to go through federal flood insurance for your policy.

Modernizing The National Flood Insurance Program (NFIP)

It's important to note that an update to repetitive loss (RL) and severe repetitive loss (SRL) definitions are also in place with the existence of the XLP. A property will be considered a repetitive loss (RL) if it incurred two or more separate claims payments of any amount that goes beyond the loss-deductible in your flood policy.

On the other hand, a property will be listed as severe repetitive loss (SRL) if it incurred flood damage and receive a claim payment for four times or more. The claim must be $5,000 with a total amount of $20,000.

How To Get Out of Repetitive Loss

It's important to note that it's not the end of the road if you were to get listed as an RL, SRL, or XPL, you can still have your property removed from that list and avoid increased rates and/or unavailability of NFIP insurance.

The only way to do this is to have your property follow and comply with flood mitigation standards set by your state's floodplain ordinances.

Modernizing The National Flood Insurance Program (NFIP)

11. Compliance & Mitigation Coverage

Another good thing coming from this proposal is that following and complying with flood mitigation standards will allow policyholders to get higher coverage limits.

It's important to note that the NFIP still follows the $250,000 limit for residential policies and the $500,000 limit for commercial policies when it comes to building coverage. This also includes the $100,000 content coverage limit.

This is being proposed to change depending on how much mitigation you have on your insured property. Simply, the more mitigation you have against flood, the higher coverage limits will be offered for your flood insurance.

Modernizing The National Flood Insurance Program (NFIP)

12. Effectiveness of Mandatory Flood Insurance

Flood insurance with the NFIP would automatically be required for properties that are in the high-risk zone. It has been this way from the Legacy Program up to the current Risk Rating 2.0.

However, the proposal looks to study if the NFIP's requirement when it comes to mandatory flood insurance meets Congress' goal to increase the number of residents, both renters and property owners, covered by flood insurance in low-income areas.

Modernizing The National Flood Insurance Program (NFIP)

13. New Construction Properties

An important proposal that the NFIP reform includes is that there might not be a federal flood insurance option for properties that are new construction or under construction in high-risk areas like Flood Zone AE. This proposal is also applicable to commercial properties.

This aims to promote the private flood insurance market which is constantly growing. The NFIP will be looking to increase the competition for flood insurance companies on the private side to provide coverage for these highest-risk areas and commercial properties.

Modernizing The National Flood Insurance Program (NFIP)

14. Increasing Coverage Limits

Considering the increased housing prices in the country, the endorsement is also looking to increase the limits on flood insurance coverage provided by the NFIP.

This means that we might not be seeing a $250,000 and $100,000 limit in building and content coverage respectively. The proposal mentions that this is due to property owners being underinsured in the event of a total loss. We will have to wait and see what this coverage increase will offer for NFIP policyholders.

 

Technical and Operational

Lastly, there are some technical and operational changes coming from this proposal as well. This involves filing a suit, reporting complexities, and removing barriers to switching to private flood.

15. Period to File Suit

Now, it's possible that there might be an instance where your flood claim with the NFIP will not go through. Although this is the worst-case scenario, it's still good to know the clarifications being made when you file a suit.

The proposal states that you must exhaust the administrative appeals process before starting a lawsuit. This also means that you only have no later than 90 days from the appeal decision date to file a suit if any.

Modernizing The National Flood Insurance Program (NFIP)

16. Reducing Reporting Complexities

The NFIP is also expected to get a reduced number of reports to file for congress. The proposal is looking to change the 15 reports in a span of two years will be brought down into 4 reports only while making sure that the information being provided is still timely and sufficient.

Modernizing The National Flood Insurance Program (NFIP)

17. Removing Barriers for Private Flood Insurance

Although this proposal is offering the thirteenth item in somewhat favor of private flood, they are also balancing this with this removal of barrier when switching to private flood.

What does this mean? The proposal says that policyholders who have a lapse of NFIP coverage, generally due to switching to private flood, won't have the premium discounts they have with the NFIP.

This means that if you ever switch to private flood and eventually switch back to the NFIP, you might be seeing a very different increase because they won't allow you to retain the discounts on premium rates you once had.

Modernizing The National Flood Insurance Program (NFIP)

As we mentioned, there are a lot of changes coming to federal flood insurance, but will these proposals be better for policyholders and give you a competitive option with FEMA and the NFIP? For now, only time can tell.

Ready to solve your flood insurance problems? Here are the steps you can take:

  • Fill out this form by clicking here.
  • Talk with our flood education specialist.
  • Get back to the important things in your life.

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We want to help simplify flood insurance for you so that you can find more time in enjoying life's beauty.

In this article, we want to talk about escrow billing nightmares from both the National Flood Insurance Program (NFIP) and the Private Flood Insurance Program. We discuss what you need to know about escrow billing flood insurance. We discuss how flood insurance claims might be covered if payment has not been received.

Flood Insurance: Escrow Billing Nightmares

We want to focus on everything that you should know to ask as a mortgage lender, an insurance agent, and as a property owner.

You could also listen to our podcast below while you read.

 

Everything NFIP

The insurance company that falls under that federal side of flood insurance is managed by the Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP).

As you know by now, even with the Risk Rating 2.0 update, you will still find about a maximum of $250,000 for building coverage and $100,000 in contents coverage for flood loss with the NFIP and FEMA. For commercial properties, the building coverage maxes out at $500,000.

Flood Insurance: Escrow Billing Nightmares

Paying with Mortgage

It's important to point out a few things you need to know when getting your federal flood policy signed especially if you're paying it out of a mortgage loan or escrow payment.

One of these things is that you won't really be getting a declarations page or the actual policy with the National Flood Insurance Program right away. As a result, the signed application can serve as your proof of coverage for up to 29 days.

What does this mean?

Simply put, your mortgage company has 29 days to make a payment for your flood policy's insurance premium before the 30-day wait period kicks in. Think of this as a form of grace period for your mortgage company to pay your flood insurance premiums.

Flood Insurance: Escrow Billing Nightmares

REMINDER: The 29 days will only be for the payment of the policy. There will still be a 30-day waiting period for the actual flood insurance policy to be available.

What if you missed this grace period for your mortgage company to pay your flood insurance?

Well, because of the NFIP's strict guidelines, coverage would not start for 30 days. You might get set back when it comes to both your building and personal property coverage if this payment wasn't made in time because once payment is received after the 30th day is when the 30-day waiting period starts.

Paying Directly as an Agent or Insured

Now, when paying as an insurance agent or maybe you want to pay it out of your own pocket as a property owner, you will only get a 10-day period to pay your policy. The same thing goes, if you miss this 10-day period, your coverage will not start for 30 days.

Flood Insurance: Escrow Billing Nightmares

What If a Claim Occurs?

Let's keep it simple, so long as you made your payment before a claim occurs, you will get the respective coverage written in your flood insurance policy.

Equally, this means that if your mortgage company missed the 29-day payment period, then you will not get any of the coverage you have with your policy until the payment is made.

It is only AFTER payment is made will you be able to get coverage for your flood insurance claims.

Flood Insurance: Escrow Billing Nightmares

Everything Private Flood

So you might be wondering, what about the private flood insurance carriers? Where do they stand on this topic?

Well, it's important to note that just like their flood insurance coverage, payment terms when it comes to escrow billing or escrow account may vary from one private insurance company to another.

This may mean that you will be able to get only 10 days to make a payment up to 15 days. This is regardless if you're paying through a mortgage, an insurance agent, or out of your pocket.

Again, this really depends on the private insurance carrier that you applied with, so it's important to really know the guidelines that your private flood carrier has when it comes to these types of concerns.

Flood Insurance: Escrow Billing Nightmares

What if a Claim Occurs?

Private flood insurance has different standards and guidelines when it comes to payment and flood policies. So you might be shocked to know that some private flood insurance companies will outright reject or deny a claim if it's made before payment is made.

Yes, that means that you won't get any of the coverage with your policy if there was no payment before the flood claim was filed. This is why we highly recommend that you pay your flood insurance premium upfront, as hard as it may be, to avoid this type of situation.

Buy Flood Insurance Now!

As an insurance agent, it's important to know which carrier has these guidelines or simply know the guidelines of the carrier that your client is going for. This really helps you, as an agent, avoid E&O Claims since you get to inform your client everything about their flood insurance carrier.

Flood Insurance: Escrow Billing Nightmares

In our experience, we've had many clients file flood claims two weeks and even two days after closing. Thankfully, they get coverage for the flood loss because they were able to get the payment made before these claims.

If you want to know more about the differences between the NFIP and Private Flood Insurance, watch our video below:

So if you need assistance with these payment guidelines for your flood insurance, so you can make sure that you have coverage on your property, understand flood risks, or anything about flood insurance, click below to reach us.

The Flood Insurance Guru | 2054514294

We want to simplify flood insurance, so you can get a better understanding of flood risk, flood insurance, and mitigating your property long-term through education.

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Business is booming as some would say to the real estate market in Alabama. Despite being in a pandemic, somehow real estate was able to keep up with the times. 2021 was one of these proofs as Alabama had an increase of 3.9% year-over-year (Y/Y) in real estate sales during the month of August.

Alabama Real Estate: Buying Properties in a Flood Zone

It's no secret that some of these listings sit on a high-risk flood zone, so today, we want to talk about things every realtor needs to know when it comes to buying and selling a property that's in a flood zone.

This is part one of a two-parter blog and for this article, we want to focus on the buyer's side of real estate.

Loan Types & Flood Insurance Options

When it comes to closing a house, most buyers don't really have the luxury to pay it all in cash. This is why loans exist to help ease up the expenses in maintaining a roof above your head. If you're reading this blog, you're most likely to be familiar with mortgages and how it works.

What you might not know is that mortgages and loan types can actually impact your flood insurance too.

You see, depending on the type of loan you have for your property, you'll get different options when it comes to flood insurance. We have different types of loans and we actually covered this topic on our podcast blog, but to further understand the situation especially after the Risk Rating 2.0 update with federal flood insurance let's give an example.

Alabama Real Estate: Buying Properties in a Flood Zone

If you have the Federal Housing Administration or FHA loan, you won't be able to get flood insurance through any private insurance carrier because your bank won't accept it. This only means that your only flood insurance source will be from the federal side which is through the Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP).

There was a time that if you have a loan that's under the government such as an FHA loan, Veteran Affairs (VA) loan, or United States Urban Development Administration (USDA) loan, the only option you have is through the NFIP when it comes to flood insurance.

This meant those people with conventional loans are the only ones who can get flood insurance through private companies before. This was changed way back and only homeowners with an FHA loan are required to get flood insurance through FEMA and the NFIP.

So this is important to keep in mind. Consider first what loan type you have in order to get a proper expectation on where you can get flood insurance from.

Flood Insurance Claims

Another thing you want to consider when buying a property is its history of flooding and flood claims history. This way you get to have an immediate idea of the flood risks or flood hazards that the house might face.

It's also important to note that when it comes to flood insurance, you might not get a policy from the private insurance companies once they detect that the previous owner or the property is prone to flooding.

It's important to keep in mind that flood claims aren't like medical insurance claims where it goes wherever you go. What we mean by this is that when you file a flood claim on the property, regardless of who the owner is, the claims will stay with the property basically for its entire life.

Alabama Real Estate: Buying Properties in a Flood Zone

When it comes to the federal side, however, there won't be a refusal to provide flood insurance to properties like this however with the Risk Rating 2.0, having multiple claims on a property is sure to impact the overall costs of your flood insurance premiums with that house. This is what's called the claim variable.

For this one, it's crucial to always know the flood and claims history of the property. This way you protect yourself from unwanted non-renewals as per the carrier's discretion or expensive flood insurance rates.

Flood Insurance Premiums

One of the biggest questions asked by a potential buyer of a house concerns flood insurance rates. This opens the door for asking, "will my premiums skyrocket after I buy the property?"

Alabama Real Estate: Buying Properties in a Flood Zone

The thing about flood insurance premiums is that the rate is generally guaranteed only for 12 months. This means that after that, you may see some changes like a minor increase or decrease. This is considering that you weren't flooded. On the other hand, if the property was recently subjected to flood damage and there was a claim filed for it, the flood insurance premium can increase substantially.

Verifying the Flood Zone

One of the most important things a buyer or realtor should know about a property when it comes to flood insurance is its flood zone. Despite being removed from the rating consideration in FEMA and the NFIP, the private flood insurance market still look at this factor when it comes to rates. This means that flood zones directly impact your rates and risk of flooding.

Additionally, regardless of it being removed from the rating system, flood zones still have absolute control on whether or not the property is required to have a flood insurance policy with that property. Keep in mind that if you fall in flood zone A or AE, also known as high-risk flood zones or special flood hazard areas (SFHA), you're going to be required to carry flood insurance.

There are many cases where an incorrect flood zone is put in a policy — maybe because there was a recent flood insurance rate map or flood map update that wasn't known by the seller or confusion between different flood zones.

As a realtor, it's important that you are aware of this as well, if not an expert when it comes to it. A lot of potential buyers get frustrated when they get surprised about this requirement, so as a realtor it's best you let them know ahead of time.

When it comes to selling properties, you really want to help your buyer consider what the flood risk is and the chance of flooding. Some states like Texas actually require realtors and sellers to fully disclose the flood history and claims on a property, but regardless it wouldn't really hurt being transparent about these things. After all, we're talking about the safety of someone moving into a residential property.

If you've got any questions on a flood policy, the flood zone status of the property you're looking to buy, how the floodplain impacts flood zones, or anything related to floods, click below to go to our Flood Learning Center where we try to answer these questions.

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You can also call us if you need a second opinion from a flood insurance agent when it comes to your purchase of a property by clicking below.

The Flood Insurance Guru | 2054514294

Remember, we have an educational background in flood mitigation which lets us help you understand your flood risks, flood insurance, real estate selling and buying, and mitigating your property's value long-term.

Alabama is no stranger when it comes to flood. When it comes to the continuous development in the city due to its relative increase with the population as well as non-stop oversaturation of the ground due to consistent heavy rainfall, the city just couldn't get a break from floodwater.

4 Lessons Learned from Birmingham October 2021 Floods

Today, we want to talk about the four lessons we've learned from the Birmingham Alabama floods of October 2021 and how this can help flood recovery moving forward.

Flood Emergency

Rain is always the culprit when it comes to natural disasters like flooding. This is why understanding flood emergency is very crucial when it comes to preventing all unnecessary bad experiences when it comes to flooding.

A flood emergency is any disaster wherein water goes into areas that are usually dry and this doesn't just cover regular floods, but also flash flooding which is something that Alabama was warned about during the October flood. Ready defines floods as a temporary overflow of water onto land that is normally dry. Floods are the most common natural disaster in the United States.

4 Lessons Learned from Birmingham October 2021 Floods

However, sometimes these emergency warnings go on deaf ears as people still drive into pools of water and flooded roads. Unfortunately, this causes a lot of casualties. Reuters reported in one article that at least four people died during the October flooding disaster in Alabama; three of these deaths were found inside two washed-up cars.

Being ahead of these emergency warnings is enough to have awareness of the possible flood risk that the current weather or rainfall can cause the impacted area. On October 7th, 2021, al.com reported that there's an estimated 13-inch rainfall during that week.

We hope that everyone understands by now, not just in Alabama, but across the country how important and essential these warnings are. If you're not driving or maybe planning to stay at home, but it's expected to flood there, being aware of a flood emergency can help you evacuate.

Flooding Can Happen Anywhere

We were able to brush through this in the previous item, but it's important to always remember that flooding can happen anywhere.

We've seen a lot of homeowners get blindsided with the words "Not In a Flood Zone" which is one of the biggest misconceptions we see in flood insurance. The thing is no property is not in a flood zone especially in the United States. Even deserts get flooded after a long time of drought, so what more areas like Alabama experience a lot of rain during the year?

If you want to learn more on this "not in a flood zone" concept, we actually did a blog on it clearing the air. Click here to read this blog and know more about flood zones.

4 Lessons Learned from Birmingham October 2021 Floods

It's a new year and we hope that you too get to accept that you can get flooded at any given moment; be it through collected water from rainfall, runoff from higher areas, or simply being located near a water source.

The thing about flood zones as well is that it doesn't really indicate a wall or border because flood doesn't really start at one zone and stop at a lower-risk flood zone. 

Our team understands that flood loss is something one can ignore. In one blink of an eye, everything can be lost due to the inundation of water. This is why we want to discuss the most important lesson we want everyone to understand.

Flood Insurance

When it comes to time during a flood emergency, most homeowners and business owners don't want to leave their property's premises because they want to make sure they have fewer losses as much as possible. This can easily be avoided with flood insurance.

If you've been following us, you know by now that we really put great importance when it comes to flood insurance. Forget about sales and all that. It's always safety first and most of the time, this safety comes in form of the insurance that you won't even feel the flood losses despite its scale.

You see, flood insurance can really help you avoid doing all the stuff you want to do to lessen the damages and losses you'll incur during a flood emergency. A standard flood insurance policy has enough coverage for both building and contents that homeowners and business owners don't really need to worry about "saving as much as one can".

4 Lessons Learned from Birmingham October 2021 Floods

Federal Flood Insurance

On the federal side with the Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP), coverages on building maxes at $250,000 for residential buildings and can go up to $500,00 in commercial buildings. Both property types also get a max of $100,000 when it comes to contents coverage or every personal item inside the insured building.

This is outside of other coverages like the disaster assistance from a presidential approved declaration, the Increased Cost of Compliance (ICC) which is about $30,000 in coverages for flood mitigation, and when it the Community Rating System (CRS) Score which can create discounts of up to 45% on flood premiums with FEMA and the NFIP.

Private Flood Insurance

On the other hand, if this doesn't really cover your needs for flood insurance, Alabama also has a lot of private flood insurance carriers that we are also connected to. These private insurance companies can go beyond the building and contents coverage limits with FEMA and the NFIP. That means that a single flood insurance policy can cover you for more than $250,000 in building damages and more than $100,000 in contents.

These coverages from a flood policy can easily save you the trouble of worrying about what gets damaged and focus on keeping yourself safe from the debris and hurt from all that floodwater. But how are flood insurance and its claims different from home insurance claims?

You can read our blog comparing these two sides of flood insurance from our NFIP 2.0 vs Private Flood article.

Flood Claims vs Home Insurance Claims

When it comes to insurance claims, as a homeowner or business owner, you should be aware of when your standard homeowner's insurance applies and when flood insurance kicks in.

When it comes to flood insurance claims, you can't really get the coverage written on your policy if the surveyor detected that the damages to your home are due to water damage or a water backup. This means that flood claims won't pay out if your house was damaged from the inside and not due to getting inundated by surface water.

You can remember this through the "Number 2 Rule" wherein FEMA and most private companies will only consider water as a flood if at least 2 acres of usually dry land was covered by water or when at least 2 property gets inundated with water. Obviously, one of the properties or acres of land must be yours in order for your flood claim to payout.

4 Lessons Learned from Birmingham October 2021 Floods

You won't get your flood claim and insurance coverages in flood insurance if this rule doesn't apply to your situation. Another thing to keep in mind about flood insurance claims is that it usually covers and expects that the property owner also set up necessary flood mitigation efforts to prevent the same damage in the future. This is why the ICC exists for federal flood insurance as a means to avoid the same losses from future disasters like floods.

Equally, you can't use flood claims to cover damages due to fire, earthquakes, or any other natural disasters. It simply is strictly for flood disasters only; regardless of whether it is a minor flooding, flash flooding, or major flooding events in Alabama.

It's a bit difficult to write about this especially since there were a lot of people who got their homes damaged, lost their loved ones, and even just found themselves at a loss after all the water subsided.

The thing about lessons is we need to learn from them in order for them to be valuable and we hope that this refresher will also help you understand how we can avoid getting blindsided by an event like this again. So, if you have any questions on flood insurance, how to best protect your property from floods, or anything related, click the links below.

You can click here to access our Flood Learning Center where we try to answer most of your flood insurance questions:

Flood Insurance Guru | Service | Knowledge Base

Or click here to contact us and we can talk about your flood concerns for the Alabama flood of October 2021.

The Flood Insurance Guru | 2054514294

Remember, we have an educational background in flood mitigation which lets us help you understand your flood risks, flood insurance, and protecting your property long-term.

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Flood insurance coverage is something that all insurance agents and homeowners should know very well. Keep it close to the chest when it comes to fully understanding the extent of what you're writing on your policy.

Replacement Cost Versus Actual Cash Value

In today's episode, we want to tackle flood insurance coverages; specifically how replacement costs can be different from the actual cash value (ACV) and the dangers of choosing one thing from another.

What's the Difference?

When it comes to writing your flood insurance policy, you should be able to know which is the best option between replacement costs and ACV. Most insurance carriers provide homeowners with the ability to either opt into replacement costs or ACV.

But what is the difference between the two?

Replacement cost — from the phrase itself which is very self-explanatory — is the amount given to the insured in order to fully restore and/or rebuild the property after being damaged.

Let's give an example, if you choose to get replacement cost for your flood insurance for a home that's worth $240,000, then you will be able to get this exact amount from your insurance provider. In the NFIP, coverages actually max out at $250,000 building coverage and there are no amount limits in the private flood insurance market.

On the other hand, actual cash value (ACV) is a different story. This time around we won't be talking about the exact amount needed to fully restore your insured building, but its exact value in actual money.

This is calculated by using the replacement cost value of the property subtracted by depreciation. This means that the overall depreciation of the value of your insured building will be the sole basis of how much you'll be getting.

Replacement Cost Versus Actual Cash Value

This means that one way or the other, you won't be getting $240,000 on your insurance if you choose ACV. This is why choosing Actual Cash Value is dangerous for homeowners because you're getting less than what you really need.

How to Know Your Coverage

There are two ways to make sure that you won't get blindsided when your flood insurance claim pays out.

The first way to make sure that you don't get ACV in your insurance is by checking the policy. You want to make sure that you get to read your flood insurance policy very well before you proceed on purchasing it, and also make sure that you have replacement costs as your coverage option.

You can ask your insurance agent to help you with this and it's pretty easy for them to determine this. A great insurance agent will make sure that the policy you have is under replacement cost coverage.

Another thing you want to make sure of is that you're following the 80% rule. Both FEMA and private flood insurance have this type of rule. The rule states that you must ensure your property for at least 80% of its cost.

By following the 80% rule, you can have the assurance that you won't be getting a significantly lower amount of coverage when your policy starts to payout.

If you want to learn more about flood insurance coverages, how to manage your flood policy, or anything related to flood insurance, you can click below to access our Flood Learning Center where we answer your flood and insurance questions.

Flood Insurance Guru | Service | Knowledge Base

You can also click on this picture below to contact us and discuss your flood insurance concerns.

The Flood Insurance Guru | 2054514294

Remember, we have an educational background in flood mitigation which lets us help you understand your flood insurance, how it can be managed, flood risks, and mitigating your property to preserve its value long-term.

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In today's FEMA Cancellation Reason blog, we want to talk about payments and how they can lead to your flood insurance policy actually getting canceled. Sheesh!

FEMA Cancellation Reasons: Category #6 - Invalid Payment and Fraud

We've covered much ground when it comes to the changes that are looking to update FEMA's structure when it comes to policy cancellations. We've talked about the first five categories which are canceling your insurance due to no insurable interestsestablishing common expiration datesduplicate coverage, being ineligible for flood insurance coverage,  and policy is no longer required by the lender. These are Categories #1 through Category #5 respectively.

Let's talk about when your payment encounters a wall and also when the payment is fraud involved.

Category #6 - Invalid Payment and Fraud

When it comes to the legacy program of the Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP) or simply NFIP 1.0, there's a separation between the cancellation of a policy due to invalid payment and fraud. You can actually see this on how they're numbered — exactly 17 numbers apart.

FEMA Cancellation Reasons: Category #6 - Invalid Payment and Fraud

Reason Code #06 — When it comes to invalid payments, this is mostly concerned with payments for your flood insurance policy not meeting the expected amount. Maybe there's been confusion between you and your agent that you sent FEMA a lesser amount of money than expected.

Sometimes, when renewing a policy, you might think that you will have the same amount as before, so you had the payment sent out when it's actually less than your updated premium. This can also happen, theoretically speaking, when your lender didn't provide them enough payment to cover all the insurance costs.

The thing about flood insurance payments (or any insurance payment to be exact) is that they have to match the expected amount for the total premiums. Yes, down to the taxes and cents, you're expected to provide your insurer with the proper amount of payment to proceed with your policy.

When this happens, your policy will be canceled by the insurer or FEMA due to Reason Code #06.

FEMA Cancellation Reasons: Category #6 - Invalid Payment and Fraud

Reason Code #23 — Now this is something that you should really avoid with all your power. However, here's an example in the name of knowledge, there are some situations where the insured will commit fraud by faking their payment for their FEMA policy.

We really don't need to expand on this since fraud is fraud even when it comes to flood insurance payments. Just keep in mind that when FEMA detected fraud on the flood policy's payment, there will be no refund and the policy will be canceled.

What's Changing?

When it comes to Risk Rating 2.0 or NFIP 2.0, these cancellation details will be updated. We'll no longer see Reason Codes since they will be changed to Cancellation Categories

Any cancellation of a policy due to invalid payment and/or fraud, which are Reason Codes #6 and #23 respectively, will be combined under Category #5.

It's important to note that flood insurance payment is a crucial factor in your purchase. Having a delayed payment might cause your effectivity date to move and your coverage to lapse. Having an incorrect payment will cause your policy to be canceled. Both of which can have a big impact especially now that we can't really predict when floods can happen.

FEMA Cancellation Reasons: Category #6 - Invalid Payment and Fraud

If you want to get help understanding payment terms on flood insurance, not only with FEMA and the NFIP but also with the private insurance carriers, reach out to us by clicking the links below.

If you want to know how flood insurance work, and how your FEMA policy can be canceled, where to buy flood insurance, understand your risk of flooding, or anything related to floods, click below to access our Flood Learning Center.

Flood Insurance Guru | Service | Knowledge Base

You can also click my picture below to call us for your flood insurance concerns.

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Remember, we have an educational background in flood mitigation which lets us help you understand your flood insurance, how it can be managed, flood risks, and mitigating your property to preserve its value long-term.

We have talked about canceling your FEMA flood policy due to Category #1, Category #2, and Category #3 which are No Insurable Interest, Establish Common Expiration Date, and Duplicate Coverage respectively.

FEMA Cancellation Reasons: Category #4 - Not Eligible for Coverage

Today, we want to talk about the dreaded scenario when buying flood insurance and also may fall into the cancellation of your flood insurance policy with the Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP): Not Eligible for Coverage.

Let's talk about this and what category number it falls into with the updated federal flood insurance cancellation reasons.

Category #4 - Not Eligible for Coverage

When it comes to flood insurance, homeowners and business owners alike are expected to follow a standard when it comes to insuring their property. With regards to the federal flood insurance, the SFIP always takes effect on properties looking to get flood insurance from FEMA and the NFIP.

The Standard Flood Insurance Policy (SFIP) contains a list of reasons why you may not be eligible for coverage against floods from FEMA and the NFIP. Generally, you can expect that if your property doesn't meet FEMA's and the floodplain management's regulation, you won't be able to get coverage for that property (i.e. mobile homes).

Now, when it comes to policy cancellation, either the insured or insurer can cancel the property because it doesn't follow necessary expectations to meet the eligibility for flood insurance coverage.

With FEMA and the previous version of the NFIP, this used to be written in Reason Codes #06, #27, and #29. Let's talk about the conditions that will cancel your policy per Reason Code.

FEMA Cancellation Reasons: Category #4 - Not Eligible for Coverage

Cancellation Reason Code #06 simply entails that a property will not eligible if it either (1) doesn't meet the structure code for to meet the definition of a "building", (2) the contents aren't located in the building/property, (3) the property is not in a NFIP participating community, (4) the property is located in the Coastal Barrier Resources System (CBRS), and (5) the building is declared a 1316* prior to the flood insurance application.

*1316 declared building is any property that does not meet floodplain management regulations.

What's Changing?

When it comes to the cancellation update and changes, this Reason Codes will be removed and will be categorized under FEMA Cancellation Category #4.

This means that if your property, by any chance, can't receive flood insurance coverage, you or your insurance agent will have to cancel the policy under Category #4.

You see, when it comes to flood insurance, it's a good thing that a lot of people already applies for a flood policy ahead of time to maximize the coverage time. However, we see a lot of homeowner and mostly business owners who will find out that they're not eligible.

In order to avoid having your resources go to waste, we really encourage that you communicate with your insurance agent first before getting a flood insurance for your home or business. A great insurance agent will help you check if you're eligible for FEMA flood insurance before they even help you apply for one.

FEMA Cancellation Reasons: Category #4 - Not Eligible for Coverage

Not being eligible for flood insurance, regardless if it's from the federal or private market, can really be a disappointing experience.

If you want to get help understanding  your eligibility for flood insurance, not only with FEMA and the NFIP, but also with the private insurance carriers, reach out to us, how flood insurance work and how your FEMA policy can be canceled, where to buy flood insurance, understanding your risk of flooding, or anything related to floods, click below to access our Flood Learning Center.

Flood Insurance Guru | Service | Knowledge Base

You can also click my picture below to call us for your flood insurance concerns.

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Remember, we have an educational background in flood mitigation which lets us help you understand your flood insurance, how it can be managed, flood risks, and mitigating your property to preserve its value long-term.

The Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP) are stepping on the gas to upgrade their services when it comes to flood insurance.

FEMA Cancellation Reasons: Category #3 - Duplicate Coverage

In today's blog, we want to address one of the most important changes coming with the Risk Rating 2.0 when it comes to the cancellation federal side of flood insurance.

What happens when your coverage is duplicated between two policies? How will it be canceled now that's NFIP switched to Risk Rating 2.0?

Category #3 - Duplicate Coverage

When it comes to purchasing flood insurance, it's not impossible that a homeowner will get duplicate policies. After all, having an option is better than none at all. However, this type of situation creates a possible chance that the flood policy of the insured will be duplicated.

This is why FEMA and the NFIP allowed policyholders to have a flood policy canceled if there's an unintentional or, basically, accidental duplication of your flood insurance.

In the previous NFIP Legacy Program, this is known as either Cancellation Reason Code #04, #10, or #26. Let's talk about how these three are different from one another.

FEMA Cancellation Reasons: Category #3 - Duplicate Coverage

Reason Code #04 indicates that a policy may be canceled if there's a duplicate in coverage. This means that you might be registered under two different flood insurance policies for the same name, address, coverage amount for the building and its contents.

When it comes to this Reason Code, one of your duplicated policies will be canceled in order to either (1) establish a common expiration date, (2) the dwelling/building policy coverage due to RCBAP (more on this later), (3) there's a force-placed policy from the mortgage when the insured/borrower already bought a flood policy, (4) a policy of earlier date already expired, or (5) a Group Flood Insurance Policy (GFIP) needs to be canceled to move into a standard-rate policy.

Reason Code #10 mostly concerns renters. This Reason Code's cancellation indicates that the policy needs to be canceled due to either the policy with only building coverage is being replaced by the Residential Condominium Building Association Policy (RCBAP), or the unit owner or RCBAP building limits are more than what FEMA coverages offer.

Reason Code#26 is for those who bought a policy from private flood insurance carriers and didn't want to push through with their NFIP policy's purchase or renewal.

The NFIP policy will be canceled depending on your discretion, so they won't really cancel it for you without your confirmation. This is very helpful to keep in mind especially for FEMA policyholders who are switching to private carriers for their flood insurance needs.

FEMA Cancellation Reasons: Category #3 - Duplicate Coverage

What's Changing?

Generally, the details and conditions of the three aforementioned Reason Codes still apply to the new Risk Rating 2.0 program. However, in order to avoid confusion, FEMA and the NFIP decided to combine Reason Codes #04, #10, and #26 into one Category.

FEMA Cancellation Category #3 is basically what you'll need whenever you need to cancel a federal flood insurance policy because it's a duplicate. This change can really be helpful for homeowners and business owners alike who won't have to keep on reviewing the FEMA handbook to know what's the best Reason Code for their situation.

This is also a great tool for those looking to move into the private insurance carriers to get a more fitting policy for their coverage needs.

These changes can be confusing, so if you need help understanding how flood insurance work and how your FEMA policy can be canceled, where to buy flood insurance, understanding your risk of flooding, or anything related to floods, click below to access our Flood Learning Center.

Flood Insurance Guru | Service | Knowledge Base

You can also click my picture below to call us for your flood insurance concerns.

a person wearing a hat

Remember, we have an educational background in flood mitigation which lets us help you understand your flood insurance, how it can be managed, flood risks, and mitigating your property to preserve its value long-term.