New Flood Rate Changes

New Flood Rate Changes

Effective October 1st, 2021, flood rates may change drastically. TheΒ new rating structure coined “Risk Rating 2.0” utilizes a few different methods of assessing property risk, bringing the new rates closer to the actual estimate for homeowner premiums. Homeowners with existing flood insurance policiesΒ will be subject to the new rates beginning with the next renewal after […]