Posts Tagged ‘FEMA’

FEMA Sending Notifications on Flood Insurance Changes

Posted on: January 13th, 2017 by Brent Gotsch

In 2014, the Home­own­er Flood Insur­ance Afford­abil­i­ty Act (HFIAA) was signed into law. Part of the leg­is­la­tion requires that FEMA com­mu­ni­cate flood risk deter­mi­na­tions to indi­vid­ual prop­er­ty own­ers. FEMA is cur­rent­ly review­ing every flood insur­ance pol­i­cy and will be writ­ing to all Nation­al Flood Insur­ance Pro­gram (NFIP) pol­i­cy hold­ers to explain the cur­rent risk lev­el for their prop­er­ty. Start­ing this month (Jan­u­ary 2017) pol­i­cy hold­ers will begin receiv­ing let­ters from FEMA approx­i­mate­ly two months pri­or to their pol­i­cy renewals. FEMA will mail a let­ter at each sub­se­quent renewal.

The NFIP has iden­ti­fied sev­en cat­e­gories of pol­i­cy­hold­ers to receive unique infor­ma­tion based on their risk and cur­rent pre­mi­um rates. To read more about what each cat­e­go­ry means and if it applies to you please vis­it this FEMA Web­site. If you have ques­tions about Flood Insur­ance Rate Maps (FIRMs) or how flood insur­ance is rat­ed select staff at the AWSMP can help answer your ques­tions or direct you to oth­er resources. Please call 845–688-3047 ext.3 for assis­tance. If you have ques­tions about your spe­cif­ic flood insur­ance pol­i­cy then you should con­tact your insur­ance agent directly.