NFIP Changes Effective April 1

In accordance with current flood reform laws, April 1, 2019, NFIP Changes will include:

  • An average premium increase of 7%,
  • An expansion to the primary residence designation, and
  • The addition of a severe repetitive loss premium and a clear communications message added to the Declarations page.

Premium increases will apply to new business and renewals effective April 1, 2019, and are in accordance with both B-W12 and HFIAA flood reform laws.

  • The average premium increase is noted as 7.3%, including the HFIAA and Federal Policy Fee. ICC Fee will have an increase of 3% (Included in the total increase) for all policies except PRP and Newly Mapped rated policies.

Primary Residence guidance will be expanded for policies effective on or after April 1, 2019, to allow a 2-4 family building owner to be a primary residence for the purposes of assessing the HFIAA Surcharge. Proper documentation will be necessary to show the insured as a primary resident.

Severe Repetitive Loss (SRL) Premium has been newly established for all properties officially designated as SRL and will be 5% of the Annual Subtotal Premium. The 5% is included in the premium caps of 18% for full risk and 25% for subsidized rates.

Please refer to www.fema.gov/cost-of-flood for more information about flood risk and policy rating.


IIAT Advantage offers flood insurance programs for IIAT members underwritten by Assurant Flood Solutions and Selective. Learn more.

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