Let's Talk... Important Flood Insurance Information!

The Biggert-Waters Flood Insurance Reform Act of 2012 is a law passed by Congress and signed by the President in 2012 that extends the National Flood Insurance Program (NFIP) for five years. The Act also requires significant program reforms. This toolkit is meant to help answer your questions. Overview Answers to frequently asked questions: Q&A on the Biggert-Waters Flood Insurance Reform Act of 2012 (PDF) A brief outline of which rates will increase and when: Timeline: Biggert-Waters Flood Insurance Reform Act of 2012 A video that describes the history and upcoming changes to the National Flood Insurance Program: Flood Insurance Reform Act of 2012 Video FEMA PowerPoint with Audio (PPT) Total NFIP Policies in Force by State for FY 2012 (PDF) Total NFIP Claims by State for FY 2012 (PDF) Total Claim Payments (in dollars) by State for FY 2012 (PDF) NFIP Monthly Claims Statistics FEMA Flood Insurance - Videos on Demand Watch the full video or separate it into three parts. Getting To Know Flood Reform - Full Video (18:56) Individual chapter videos are also located at this link: Part 1 (8:43): Introduction to the NFIP – the Program's history and how it operates. It covers previous reforms enacted by Congress and how modifications have changed the NFIP. Part 2 (6:53): Comments from David Miller, Associate Administrator for Federal Insurance and Mitigation, open a review of Biggert-Waters. The basic goals of the legislation are discussed, including the Congressional goal of making the NFIP financially sound. Part 3 (4:06): Future changes to the NFIP as indicated in Biggert-Waters are addressed, including areas of the Act of interest to Agents, Lenders and Policyholders. NAR on Flood Insurance NAR Flood Insurance homepage Realtor Magazine article: "Soaring Insurance Rates Shock Homeowners" NAR Talking Point: "Delay Flood Insurance Rate Increases" (PDF) Debating the Issue: Flood Insurance Reform (PDF) NAR Video: "Flood Insurance Subsidies Phasing Out" National Flood Insurance Community Rating System The NFIP Community Rating System (CRS) is a voluntary incentive program that recognizes and encourages community floodplain management activities that exceed the minimum NFIP requirements. As a result, flood insurance premium rates are discounted to reflect the reduced flood risk resulting from the community actions meeting the three goals of CRS which are to: Reduce flood damage to insurable property, Strengthen and support the insurance aspects of the NFIP, Encourage a comprehensive approach to floodplain management. Pre-FIRM Subsidy Removal (Starting in 2013) The NFIP's Specific Rate Guidelines An overview of the changes to the Specific Rate Guidelines, with examples. Impact of Changes to the NFIP (English and Spanish) A two-page fact sheet providing an overview of BW-12 changes including timing and who will be affected as FEMA phases out subsidies and implements Section 100205 of the law. Who Will be Impacted by Pre-FIRM Rate Increases Nationally A two-page fact sheet that shows how many policies are subsidized throughout the country and how those rates could change as pre-FIRM subsidies are phased out and removed by Section 100205 of BW-12. Who Will be Impacted by Pre-FIRM Rate Increases in Louisiana A two-page fact sheet that shows how many policies are subsidized in Louisiana and how those rates could change as pre-FIRM subsidies are phased out and removed by Section 100205 of BW-12. Building and Rebuilding Information for Home and Business Owners Rebuilding in an AE zone Scenario showing cost effectiveness of building above the BFE. Rebuilding in a VE zone Scenario showing cost effectiveness of building above the BFE. Build Back Safer and Stronger: What You Need to Know (English and Spanish) A trifold brochure explaining how rebuilding higher and mitigating flood risk can reduce flood insurance premiums and reduce the chance of future flood damage. Homeowner's Guide to Elevation Certificates Guidance for obtaining an Elevation Certificate, which is necessary for determining full-risk rates in high-risk zones. Information for State and Local Officials Interactive Map of NFIP Subsidized Policies by State and County

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