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NFIP's Pricing Approach

 

In April 2021, NFIP's pricing approach, Risk Rating 2.0, was launched. The resources available here were published for agents and their clients as part of the transition to this rating approach.

NFIP has changed the way it determines flood risk and prices flood insurance.

Rates are easier to understand and better reflect a property's flood risk. This makes it easier for you to write and sell flood insurance.

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Resources

The resources on this page provide additional information about NFIP's pricing approach, Risk Rating 2.0, to benefit you and your clients.

Fact Sheet

This two-page document provides an in-depth summary of how NFIP's pricing approach has been implemented. For more information, see the Flood Insurance Manual.

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FAQs

This document provides comprehensive answers to commonly asked questions. For more information, see the Flood Insurance Manual.

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CRS Guide

This six-page guide provides a detailed overview of the Community Rating System (CRS), how to calculate the incentive program discount and several scenarios illustrating the benefits of the CRS.

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Rate Explanation Guide

This two-page guide provides a detailed explanation of what goes into a rate, outlining factors which can identify the building's unique flood risk and associated premium.

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Discount Explanation Guide

This three-page guide outlines the discounts available under NFIP's pricing approach as well as mitigation actions that can help reduce flood damage and the cost of flood insurance.

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Renewal Guide

This three-page guide provides information for policies that were then transitioning to NFIP's pricing approach.

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Digital Graphic

This graphic reminds policyholders that keeping their flood insurance policy active is now more important than ever.

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Single Family Homes

A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to single family homes. 

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Residential Condo Building

A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to residential condo buildings.

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Two-to-Four Family Building

A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to two-to-four family buildings.

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Residential Unit

A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to residential units.

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Residential Mobile Home

A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to residential mobile homes.

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Other Residential Units

A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to other residential units.

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Non-Residential Building

A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to non-residential buildings.

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Non-Residential Unit

A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to non-residential units.

Download

Non-Residential Mobile Building

A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to non-residential mobile buildings.

Download