Expect Your Flood Insurance Rates To Increase
FEMA Presentation made at the January 16, 2014 - Chehalis River Basin Flood Authority Meeting
The U.S. Congress passed the Biggert-Waters Flood Insurance Reform Act of 2012 in July 2012, which calls on the Federal Emergency Management Agency (FEMA), and other agencies, to make a number of changes to the way the National Flood Insurance Program (NFIP) is run. The legislation will require the NFIP to raise rates to reflect true flood risk, make the program more financially stable, and change how Flood Insurance Rate Map (FIRM) updates impact policyholders. The changes will mean premium rate increases for some—but not all—policyholders over time.
Changes Coming to the National Flood Insurance Program-What to Expect (Presentation) --> Click here.
FEMA Flood Insurance Consumer Handout --> Click here.
FEMA Handout Changing Risks: Changing Rates --> Click here.
Biggert-Waters Flood Insurance Reform Act of 2012 (FEMA Website) -->Click here.
Impact of NFIP Changes Handout --> Click here.
BE FLOOD READY
Are you getting ready for the upcoming 2015 flood season?
Here are a few tips to prepare ahead: Be Informed, Plan Ahead, Have an Emergency Kit (checklist for kids, checklist for parents), and Get Involved. Visit the Centralia's Flood Information webpages for additional information.