12/19/2023 0 Comments Private flood insurance![]() ![]() Policyholders will receive the letters as notification that a review of their property's flood risk has been done. Important information to help NFIP policyholders, insurance agents and others understand letters all NFIP policyholders will be receiving each year, starting in January 2017 is available at. Even though flood insurance isn't federally required, anyone can be financially vulnerable to floods.įEMA Letters: Flood Risk and Policy Options. If you don't qualify for a Preferred Risk Policy, a standard rated policy is still available. Preferred Risk Policy premiums are the lowest premiums available through the National Flood Insurance Program (NFIP), offering building and contents coverage for one low price. Most homeowners in a moderate- to low-risk area might be eligible for coverage at a preferred rate.
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