Renewing flood insurance

You’ve already made the smart decision to purchase flood insurance and protect the life you’ve built. But flooding can happen anytime, anywhere. Renew your policy every year to ensure your home or business stays covered.

With the NFIP’s new rating system, Risk Rating 2.0: Equity in Action, FEMA is taking a phased approach to rolling out new rates.

In Phase 1, new policies beginning Oct. 1, 2021, will be subject to the new rating methodology. Also beginning Oct. 1, 2021, existing policyholders eligible for renewal will be able to take advantage of immediate decreases in their premiums.

In Phase II, all remaining policies renewing on or after April 1, 2022, will be subject to the new pricing methodology. This phased approach allows the agency to execute its promise to deliver rates that are equitable, easier to understand and reflect each property’s unique flood risk.

Why should I renew my policy?

Maintaining flood insurance coverage means you’ll be able to recover faster and more fully after a flood event.

How do I renew, pay, or change my policy?

Learn how you can update or renew your flood insurance policy.

Thinking about cancelling your policy?

Insurance decisions can be hard but consider the peace of mind knowing you are protecting the life you’ve built. For more information, contact your insurance agent to learn more about the policy cancellation process. Keep in mind the best plan may be to lower the premium cost while still having the coverage to protect your home/building.