Does Your Flood Insurance Go Up If FEMA Rezones?

Does your flood insurance go up if FEMA rezones your property? The answer isn’t always simple. FEMA updates the flood zone map regularly, and when your home is moved into a new zone, it can impact your NFIP flood insurance requirements and premiums. Flood rezoning doesn’t always mean higher costs. Some homeowners even qualify for FEMA discounts, or may be moved into a lower-risk zone. If you're looking to save on flood insurance, we quote the NFIP and private flood insurance to compare options for you! Get a quote at FloodPrice.com. Learn More about Flood Zone Changes: https://www.floodprice.com/post/does-... #floodinsurance #floodrisk #floodinsuranceexplained ----------------------------------------- Subscribe to our channel:    / @floodprice   Get a Flood Insurance Quote: https://www.floodprice.com/quote Learn More: https://www.floodprice.com/understand... FULL TRANSCRIPT Does Your Flood Insurance Go Up If FEMA Rezones? FEMA updates flood maps across the U.S. to reflect changing risks. If your home is rezoned into a high-risk flood zone, your lender may require flood insurance. Flood maps are updated every few years based on rainfall patterns, engineering studies, and flood history. But does that always mean your premiums will rise? Not necessarily. Some homes are added to high-risk zones for the first time, which can trigger insurance requirements. Others may see new Base Flood Elevation rules. Some properties are even rezoned into lower-risk zones, which can mean lower premiums. If your premium does rise, NFIP rules limit most increases to about 18% per year—phased in gradually. For homes in newly mapped flood zones, you may be able to take advantage of FEMA’s discounts for newly mapped areas. Private Flood Insurance can sometimes save you money. Comparing options doesn’t have to be hard. Compare private options to the NFIP at FloodPrice.com and find out how much you can save.