Coming Soon: NFIP Changes Coming October 1, 2017

This week, FEMA, through the National Flood Insurance Program (NFIP), will announce program changes taking effect on October 1, 2017. These include a reduced Federal Policy Fee (FPF) for tenants with contents-only policies, and revised guidance for refunding the HFIAA surcharge when some policies are canceled.

 

FEMA always announces program changes and updates six months in advance of these changes taking effect so that Write Your Own (WYO) companies and insurance agents are aware of and can prepare for the changes. All program changes will impact individual policyholders upon renewal of their policies. Changes are announced via WYO Bulletin, available for public review here. This week, FEMA, through the National Flood Insurance Program (NFIP), will announce program changes taking effect on October 1, 2017. These include a reduced Federal Policy Fee (FPF) for tenants with contents-only policies, and revised guidance for refunding the HFIAA surcharge when some policies are canceled.

 

FEMA always announces program changes and updates six months in advance of these changes taking effect so that Write Your Own (WYO) companies and insurance agents are aware of and can prepare for the changes. All program changes will impact individual policyholders upon renewal of their policies. Changes are announced via WYO Bulletin, available for public review here.

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