Floodsmart | Grandfathering | Flood Insurance | Flood Map | Flood Risks | Flood Zone

Floodsmart | Grandfathering | Flood Insurance | Flood Map | Flood Risks | Flood Zone: "You can take advantage of grandfathering by buying a policy before the new maps (known as Flood Insurance Rate Maps or FIRMs) take effect. You'll likely qualify for the NFIP Preferred Risk Policy (PRP), which covers buildings and their contents for as little as $129 for the first year. After the new maps become effective, you can now renew the PRP for two years. On the third renewal, you will qualify for the standard rates associated with moderate-to-low risk zones, rather than high-risk zones. This could add up to significant savings because otherwise, the property will be rated using the high-risk flood zone on the new map."

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