When High-Risk Becomes Higher, Offer Cost-Savings
What’s changing
A client’s flood risk is changing from a high-risk area (Zone A) to higher-risk area (Zone V) or the Base Flood Elevation (BFE) is increasing.
What this means for existing clients
Under NFIP's pricing approach, Risk Rating 2.0, existing policies move toward their full risk rates based on statutory glidepaths.