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.

An image depicting a transition from high risk to higher risk

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.