New Cost-Saving Flood Insurance Option From FEMA

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February 10th, 2011

Beginning January 1, 2011, a new insurance rating option from FEMA`s National Flood Insurance Program (NFIP) allows many property owners who previously didn’t qualify, to take advantage of the low-cost insurance for two years before they are required to pay standard rates.

NAPS (North American Precis Syndicate) provides information about the options for low-cost insurance from FEMA’s National Flood Insurance Program (NFIP) that went into effect 1/1/11. This new option represents an important way to save on flood insurance for those who are newly required to carry it. After two years at the reduced PRP rates, policies will increase to standard rates.

To learn more visit the FEMA website or call (800) 427-4661.

Comments

One comment

  1. I think a lot of people might think that only people who live on a flood plain. I recall seeing that FEMA indciated 25 percent of all flood claims come from homes located outside designated flood plains. Another option to consider is purchasing sewer and drain backup/sump pump failure for water that comes in via your sewer or your sump pump crock.

    Comment by Dan Wolfgram on February 22, 2011 at 2:48 pm

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