If your flood risk has increased, your building and flood insurance requirements may change with the new flood maps become effective. The National Flood Insurance Program, (NFIP) has cost-saving options to help reduce the financial impact such as Newly Mapped Procedure (PDF) and Grandfathering. View Map Changes for Property Owners (PDF).
If your flood risk has decreased, there’s still a risk. Ask your agent about converting your policy to a lower-cost Preferred Risk Policy. Please remember, maps cannot be used for insurance rating until the effective date has been reached.