The Federal Emergency Management Agency (FEMA) is releasing its new risk rating methodology that will create new pricing for National Flood Insurance Program (NFIP) policies beginning Oct. 1, 2021. The NFIP is managed by FEMA and used by homeowners, business owners and renters to purchase federally backed flood insurance in risk areas. FEMA explained that… Continue reading Data Shows FEMA’s New Flood Insurance Methodology Could Cause Rate Drop for 1.2M Policyholders
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