Knowing the volatility of a flood, it’s important to know you have a plan in place to ensure you’re properly protected.
Be Prepared for Spring Flooding
Spring weather patterns can increase flood events, including spring thaw, heavy rains, ice jams and flash floods. With nearly 25% of all National Flood Insurance Program (NFIP) claims coming from moderate-to low-risk areas.
To help ensure you’re properly prepared, check out Selective’s Spring Thaw Tip Sheet Now.
Newsflash: April 2016 NFIP changes include:
- Some fee and rate increases
- Subsidy elimination for certain Pre-FIRM properties
- Eligibility guidelines to the Newly Mapped Program
For more information and to help you clearly understand what to expect, contact a Selective Flood agent today.
Newsflash: April 2015 legislative changes include:
- An increase in the Reserve Fund Assessment
- An additional deductible option
- An increase in the Federal Policy Fee
- Rate increases for most policies
For FEMA’s summary, review their Fact Sheet here.
Newsflash: FEMA changes primary residence status definition and implements a new annual surcharge that became effective April 1, 2015.
To ensure current customers receive the appropriate rate and surcharge at renewal, FEMA requires verification of residence status by submitting one of the following to your agent or Selective directly. You can submit this online, by mail: Selective - Flood, PO Box 782747, Philadelphia, PA 19178-2747, by email or fax (877) 647-1522.
- Valid driver’s license
- Current automobile registration
- Proof of insurance for a vehicle
- Voter’s registration
- Documents showing where children attend school
- Homestead Tax Credit Form for primary residence
If you cannot provide one of the above items, fill out and submit a Primary Residence Status form. For more information on the annual surcharge, review FEMA’s Fact Sheet.