What will happen if my property is remapped from a high-risk to a moderate- or low-risk area?
When a building is remapped into a moderate- or low-risk area, there is no longer a federally mandated requirement to purchase flood insurance. However, the risk has only been reduced, not removed. Flood insurance is still recommended.

Upon the effective date of the new maps, you may be eligible for a lower-cost Preferred Risk Policy (PRP). Through your insurance agent, you can easily avoid any gaps in your flood coverage and receive a refund of unused premium by converting your existing policy to a Preferred Risk Policy back to its last effective date.

Show All Answers

1. What is a floodplain and how do I determine if my property is located in this area?
2. Why is Manhattan getting new flood hazard maps?
3. How might the new flood maps affect me financially?
4. How can I reduce the cost of flood insurance?
5. Who is responsible for updating the maps?
6. What is a Flood Insurance Rate Map?
7. What are the benefits of the new FIRMs?
8. How will the new FIRMs affect me?
9. What will happen if my property is remapped from a moderate- or low-risk area to a high-risk area?
10. What will happen if my property is remapped from a high-risk to a moderate- or low-risk area?
11. What does the new Homeowner Flood Insurance Affordability Act mean for me?
12. When do the new maps become effective?