ROCKLAND, Mass., March 26, 2021 /PRNewswire-PRWeb/ — This white paper takes a deep dive into the redesigning process of the way NFIP policies are rated. It describes how the new rating system, called Risk Rating 2.0, will provide more accurate rates for properties’ flood risk.
Policyholders and agents are encouraged to read into this conversation to prepare them for what to expect when Risk Rating 2.0 is released.
The white paper provides:
- A history of the current NFIP Risk Rating
- Why Risk Rating 2.0 is needed
- Potential Impacts of Risk Rating 2.0
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