Converting Your Policy
If your property is mapped from a high-risk area to a moderate- to
low-risk area and you have a loan, your lender may no longer require that you carry flood insurance.
But your flood risk is only reduced, not removed. You should consider maintaining coverage.
Floodwaters don’t stop at a line on a map. In fact, more than 20 percent of National Flood Insurance
Program claims come from areas outside of mapped high-risk flood zones. And just a few inches of floodwater can
cause tens of thousands of dollars in damage to your home and its contents.
If you qualify, a Preferred Risk Policy (PRP) provides both building and contents coverage for one low price.
Your current policy will be converted to a PRP with no additional costs, and you will even be refunded the
difference paid from your existing policy with no lapse in coverage. Ask your insurance agent for more details.