Flood Insurance Reform - Homeowner Flood Insurance Affordability Act (HFIAA)
On March 21, 2014, President Obama signed the Homeowner Flood Insurance Affordability Act of 2014 into law.
This law repeals and modifies certain provisions of the Biggert-Waters Flood Insurance Reform Act, which was enacted in 2012. FEMA looks forward to working with Congress, the private Write Your Own Insurance Companies and other stakeholders to implement these Congressionally-mandated reforms and to working toward our shared goals of helping families maintain affordable flood insurance, ensuring the financial stability of the NFIP and reducing the risks and consequences of flooding nationwide. FEMA will continue to identify and publish special flood hazards and flood risk zones as authorized and required by Congress.
More information on the new law and its impacts on the NFIP will be forthcoming. Updates may be found here http://www.fema.gov/flood-insurance-reform
Be a Flood Insurance Hero and reap the benefits. Learn the quick and simple steps in bringing a home into compliance that will result in a lower premium for your customers. Retain your current clients, build your creditability, and earn more business.
We know writing flood insurance can be difficult at times and can leave you and the customer frustrated with the process. A frequent red flag on a customer’s Elevation Certificate is non-compliant flood openings. In many cases retrofitting SMART VENTS can be the difference in reducing the customers annual premium. An increase in compliance not only reduces your customer’s premium but also gives them the piece of mind to know that there family and home are protected from the devastating effects of a flood event.
Upload your clients’ Elevation Certificates to www.yourfloodrisk.com for an evaluation by one of our Certified Floodplain Managers. We will determine which mitigation solutions are best suited for the situation.
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We’ve spent many years studying the science of flood mitigation and the effects flood waters could have on a poorly protected home. In fact, the SMART VENT Team is certified to instruct and provide learning credits to Architects, Builders, Certified Floodplain Managers, Code Officials, Engineers, Insurance Agents, Realtors, and Surveyors in many states.