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Flood News

Selective is your go-to resource for flood insurance news.

As a leading WYO flood carrier, Selective focuses on providing you - our agency partners informative updates, tips, notifications and revisions to the NFIP to you with the information needed to best serve our mutual customers.

Flood Tips

Spring Thaw is Here

Spring weather patterns can increase flood events – and everyone is at risk for flooding. While many people believe a flood is driven by some sort of catastrophic event in a high-risk area – this is simply a myth. The truth is, nearly 25% of all National Flood Insurance Program (NFIP) claims come from moderate-to low-risk areas and just a few inches of water can cause tens of thousands of dollars in damage. 

Help raise awareness with your clients by sharing our Spring Flooding Tip Sheet now.  

Selective News

Drive Flood Business with QuoteitNow

Introducing QuoteitNow - a self-service flood quoting tool that can be easily added to your agency's website with a pre-designed web banner and custom URL. QuoteitNow walks customers through a flood application and directs them to contact your agency to finalize the process.  Click here to sign up or email quoteitnow@selective.com today!

HFIAA Changes – April 1, 2016

FEMA has made several updates to the NFIP that take place April 1, 2016. These changes include fee increases, rate increases, subsidy elimination for certain Pre-FIRM properties, and eligibility to the Newly Mapped Program. To help you clearly understand what to expect and how it may impact your customers, please review Selective’s FAQ Sheet.

Non-Residential Building Occupancy Changes – Effective November 1, 2015

FEMA has revised the Non-Residential building occupancy category to identify "Business" properties in the existing rate structure, resulting in two new policy categories – Business properties and Other Non-Residential properties. View our letter announcing this change as well as the questionnaire outlining FEMAs new requirements.

Effective immediately, agents are responsible for submitting this questionnaire for every renewed Non-Residential flood policy. In addition, you will be prompted on new policies to complete additional questions as required by FEMA during the application process.

HFIAA Changes – Effective April 1, 2015

FEMA recently rolled out the second wave of HFIAA changes. To help you clearly understand what to expect and how it may impact your customers, please review the following resources:

Primary Residence Verification - Effective April 1, 2015

FEMA now defines primary residences as a residence that a customer occupies for more than 50% of the policy term. Due to this change in definition, and in order for qualified policies to continue to receive subsidized rates, FEMA requires one of the following:

  • Current driver's license
  • Automobile registration
  • Proof of automobile insurance
  • Voter's registration
  • Documentation of children's school attendance
  • Homestead tax credit form for primary residence
  • A completed Primary Residence Status form

Selective is proactively reaching out to impacted customers; however, we also ask that you work with your customers to help them validate residency. Should you receive copies of a completed Primary Residence Status form or any other supporting documentation from your customers, please upload these documents to the policy in the Selective Flood system, or you can email or fax them to your Underwriting Team.