FEMA and its National Flood Insurance Program (NFIP) has changed the way it determines flood risk and prices flood insurance.
As they've rolled out the NFIP's new rating system, Risk Rating 2.0: Equity in Action, FEMA has been hearing the same two questions from your clients:
- "How does FEMA calculate my rate?"
- “How can I reduce my flood risk and pay less?"
To provide answers to these important questions, FEMA has published new materials to the Risk Rating 2.0: Equity in Action resource webpage.
These user-friendly educational tools are part of our commitment to increasing transparency and communication. Please use and share these resources to help your clients protect the lives they've built:
These materials provide in-depth explanations on topics ranging from flood risk variables and individualized policy pricing to discounts and other options available to policyholders.
You are encouraged to use and share these resources to help your clients protect the lives they've built and bring us closer to closing the flood insurance gap.
Get one-on-one help from FEMA
To familiarize insurance professionals and constituents with these changes, virtual training sessions will be held on the last Tuesday of every month. These sessions are open to anyone.
After the training sessions, FEMA will be hosting virtual Flood Insurance office hours. If you have a question about flood insurance, FEMA staff will be available to help you out. To protect your privacy, breakout rooms will be available to speak one-on-one with an insurance expert.
The next webinar and office hours will be held on Aug. 30. See below for the links to join on Zoom!
Topic: NFIP Risk Rating 2.0 and Flood Insurance Advocacy
When: Every month on the last Tuesday from 10 - 11a.m. CT
Where: Zoom. No registration required but space is limited to 1000 participants.
Join ZoomGov Meeting
https://fema.zoomgov.com/j/1610175793
Meeting ID: 161 017 5793
Passcode: 941192
This webinar will introduce key concepts of the National Flood Insurance Program including:
1) Intro to the NFIP
2.) Risk Rating 2.0
3) Advocacy for purchasing Flood Insurance
4) Other topics as requested
Note: this webinar is not approved by any state licensing authority for insurance continuing education.
Topic: FEMA Region 7 Flood Insurance Virtual Office Hours
When: Every month on the last Tuesday from 11 a.m. - 12 p.m. CT
Registration Link: Zoom. No registration is required. Office hours are on a first come, first served basis.
Join ZoomGov Meeting
https://fema.zoomgov.com/j/1610175793
Meeting ID: 161 017 5793
Passcode: 941192
Note: this webinar is not approved by any state licensing authority for insurance continuing education.