Even though you purchase your insurance through an
independent agent, your flood insurance is written
by a federal entity called the National Flood Insurance
Program (NFIP). In July 2012, Congress passed laws that
made major reforms to the NFIP. As such, rates are likely
to increase to reflect the true flood risk of your property
and many premium discounts that you may have received
are being eliminated.

Does this affect me?
Below are some of the most common reasons your
premium may increase:
• Change of ownership on the insured property
• Lapse in flood insurance coverage
• Increased risk of flood damage to property
• Substantial damage to the insured property
• Major improvements to the property
What types of premium discounts are being removed?
The NFIP is taking immediate action to eliminate a variety
of premium discounts. These include discounts for:
• Non-primary residences
• Severe Repetitive Loss properties (residential
properties that have had four NFIP claim payments
over $5,000 in which at least two payments exceed the
market value of the building)
• Business properties
• Properties that have incurred major flood damage

Did you know?

Floods happen in all 50 states and
everyone lives in a flood zone
• Most homeowners insurance does not cover flood damage
• Floods are the #1 most common natural disaster in the United States
• The average flood insurance claim is more than $35,000

Is there a way to save money and be properly insured?
The best thing you can do is call us at (877) 587-2886 we can discuss your coverage options and possibly find solutions that fit your needs.