Business and Other Non-Residential Flood Insurance Policies
On November 1, 2015, the National Flood Insurance Program (NFIP) began collecting additional information about non-residential properties in order to separate business buildings from other non-residential buildings. The additional information allows the NFIP to phase out subsidies for business buildings more quickly, as required by recent NFIP reform legislation. This fact sheet details changes affecting your non-residential book of business, and suggests ways to help your business clients save on flood insurance.
|What Insurance Agents Should Know||0.06M||July 1, 2016|