NFIP Grandfathering Rules - A Fact Sheet for Insurance Agents
Grandfathering is a way for agents to offer property owners cost saving options through the National Flood Insurance Program (NFIP). This document is designed to provide an overview of the NFIP's grandfather rules and examples on how grandfathering can be applied to benefit eligible resident and business owners being affected by map changes.
|Agent Map Update Factsheet: From High-Risk to Higher-Risk|
When new flood maps show a property’s flood risk is increasing from high-risk to higher-risk, agents should work with clients – both homeowners and renters – before flood maps go into effect to ensure they purchase or renew their flood insurance.