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Homeowner Flood Insurance Affordability Act of 2014

Cover photo for the document: Homeowner Flood Insurance Affordability Act of 2014
The National Flood Insurance Program (NFIP) is in the process of implementing Congressionally mandated reforms required by the Homeowner Flood Insurance Affordability Act of 2014 that repeal and modify the Biggert-Waters Flood Insurance Reform Act of 2012 (BW-12). This fact sheet provides an overview of the changes to flood insurance rates under the NFIP. While the new law is implemented, policyholders are encouraged to maintain and keep their current flood insurance policies. Allowing policies to lapse will leave policyholders unprotected. Policyholders who have questions about their flood insurance policies should contact their insurance agent.
SizePublication Date
Icon for file of type application/pdfHow Recent Legislative Changes Affect Flood Insurance
0.07MJune 11, 2014