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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.
Resources
The resources on this page provide additional information about NFIP's pricing approach, Risk Rating 2.0, to benefit you and your clients.
Overview and FAQs
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.
FAQs
This document provides comprehensive answers to commonly asked questions. For more information, see the Flood Insurance Manual.
Technical Guides
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.
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.
Renewal Guide
This three-page guide provides information for policies that were then transitioning to NFIP's pricing approach.
Graphic Resources
Digital Graphic
This graphic reminds policyholders that keeping their flood insurance policy active is now more important than ever.
Simple Guides
Single Family Homes
A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to single family homes.
Residential Condo Building
A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to residential condo buildings.
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.
Residential Unit
A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to residential units.
Residential Mobile Home
A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to residential mobile homes.
Other Residential Units
A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to other residential units.
Non-Residential Building
A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to non-residential buildings.
Non-Residential Unit
A two-page guide to assist with the completion of the Flood Insurance Application Form, tailored to non-residential units.
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.