Your Flood Insurance Questions Answered
Discover answers to all of your frequently asked questions about flood insurance, flood zones, and flood risk management for commercial properties.
FEMA has introduced a new pricing methodology called Risk Rating 2.0 to update the National Flood Insurance Program's (NFIP) risk rating methodology. This methodology utilizes industry best practices and modern technology to provide actuarily sound and equitable rates that better reflect a property's flood risk and are easier to comprehend.
The Full Risk Premium (FRP) is the collective premium rate charged to a group of policies that covers anticipated losses and expenses.