How and when will a flood risk increase impact my bills?

If your flood risk has increased, your building and flood insurance requirements may change with the new flood maps become effective. The National Flood Insurance Program, (NFIP) has cost-saving options to help reduce the financial impact such as Newly Mapped Procedure (PDF) and Grandfathering. View Map Changes for Property Owners (PDF).

If your flood risk has decreased, there’s still a risk. Ask your agent about converting your policy to a lower-cost Preferred Risk Policy. Please remember, maps cannot be used for insurance rating until the effective date has been reached.

Show All Answers

1. My condo building is located within a flood zone. Yet my unit is on the seventh floor, well above the flood level. Clearly, my unit will never flood, so why do I need to carry flood insurance?
2. How to I find a Flood Insurance agent or how do I buy a flood insurance policy?
3. Is there a grace period when moving from X-zone to A (or some other zone)?
4. What advice is available regarding obtaining a policy before the effective date and a 1-year timeline?
5. How and when will a flood risk increase impact my bills?
6. If I'm in a high-risk flood zone and my Base Flood Elevation goes up in the new maps, what's the impact on my premium? How fast are new premiums reflected on the policy?
7. Where can we find general LiMWA (the new type of flood zones known as Coastal A Zones) information?