Many states of the United states fall in high risk zones, as depicted from the information available on Federal Emergency Management Agency (FEMA) Flood Map Service Center which is an official online resource for US flood perils mapping. It is established under the National Flood Insurance Program (NFIP) and map flood rates in every community to decide the premium rates for flood insurance.
FEMA’s role
FEMA has major function of updating Flood Insurance Rate Maps (FIRMs). By updating this inventory, FEMA change the extent of risks in flood zones; some are rated high and some are rated low from the perspective of flooding hazards. This helps home and business owners in making decision to buy flood insurance for the first time or change their plan for existing insurance. The rating considers historic records and accordingly insurance rates are increased or decreased with the extent of flood hazards. This helps in reducing financial burden on various options that include the new Preferred Risk Policy (PRP) Eligibility Extension option. Flood Insurance Rate Maps (FIRMs) are made available via online Flood map service Center which is US government’s official digital map distribution center. Click here to know more about #buy flood insurance.
FEMA’s role
FEMA has major function of updating Flood Insurance Rate Maps (FIRMs). By updating this inventory, FEMA change the extent of risks in flood zones; some are rated high and some are rated low from the perspective of flooding hazards. This helps home and business owners in making decision to buy flood insurance for the first time or change their plan for existing insurance. The rating considers historic records and accordingly insurance rates are increased or decreased with the extent of flood hazards. This helps in reducing financial burden on various options that include the new Preferred Risk Policy (PRP) Eligibility Extension option. Flood Insurance Rate Maps (FIRMs) are made available via online Flood map service Center which is US government’s official digital map distribution center. Click here to know more about #buy flood insurance.
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