National Flood Insurance Program - Getting It Right: Annual Premium Rate Increases
To ensure policyholders receive the correct annual premium rate increase for their policy covering non-residential property beginning November 1, 2015, they or their agent must submit a completed NFIP Building Use Questionnaire, no less than 60 days prior to the expiration of their non-residential policy. The criteria used to distinguish a “non-residential business policy from an “other non-residential” policy are outlined below.
|Getting It Right: Annual Premium Rate Increases|
This document gives instructions on how policyholders ensure they have received the correct annual premium rate increase for non-residential property covered by their National Flood Insurance Program (NFIP) flood insurance policy?