NFIP Updates Will Affect Flood Risk Assessments, Flood Insurance Premiums
Homeowners should be aware of the Federal Emergency Management Agency’s (FEMA’s) recent updates to the National Flood Insurance Program (NFIP). The update will change the way FEMA assesses flood risks and determines flood insurance premiums. Instead of categorizing flood risk based on floodplain maps currently used, FEMA will assess properties on a property-by-property basis. This… Read more