Posted by GSM Insurors on
On April 1st the National Flood Insurance Program or NFIP implemented a number of important changes that are now affecting policy holders. This is a FEMA fact sheet on how the changes will affect flood insurance premiums. One of these changes is implementing a new procedure for properties newly mapped into the Special Flood Hazard Area (SFHA) and existing Preferred Risk Policy Eligibility Extension (PRP EE), a cost-saving flood insurance coverage option for property owners whose buildings were newly mapped into an SFHA.
Please contact one of our agents with any specific questions you may have or for more information. We have been serving the Texas Coast for over 90 years and would be happy to help in any way we can!Filed Under: Insurance News