Preferred Risk Policy Eligibility Extension
There's good news for property owners who have been newly mapped into a high-risk flood area since October 1, 2008. The National Flood Insurance Program (NFIP) offers a cost-saving insurance option that may benefit them. If a structure has been newly mapped into a high-risk flood area on or after October 1, 2008, the property owner may be eligible for significant savings with the NFIP's Preferred Risk Policy Extension. This extension provides temporary financial relief and additional time to save while FEMA completes its analysis and implementation of premium rate revisions put in place by the Biggert-Waters Flood Insurance Reform Act of 2012.
FAQs [PDF 324KB]
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