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.
Deborah Farmer - 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