FEMA 2.0 Rate Changes – October 1, 2021

FEMA 2.0 Rate changes will occur October 1, 2021.

There is a limit on the FEMA Annual Premium Increases the existing statutory limits on rate increases require that most rates not increase more than 18% per year.

In Florida 20% of Flood policies will have an immediate decrease, 68% of flood policies will have $0-$10 rate increase per month 8% of policy holders will have $10-$20 per month rate increase and 4% of policies will have greater than $20 Per month.

Click here to see the Florida Flood Rating Changes sheet.

Click here to see the National Price change Average sheet.

Click here to see an informative video that explains the modeling system that FEMA is now using.

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