Flood Insurance Requirements: The Current Landscape
The Flood Insurance industry is a changing landscape since the introduction of the Biggert-Waters Act of 2012 and the Homeowner’s Flood Insurance Affordability Act of 2014. Homeowners securing a federally backed loan for a property in the Special Flood Hazard Area, also referred to as the 100-year flood zone, are required to have flood insurance. There is no hiding that the National Flood Insurance Program (NFIP) has drastically increased rates and are phasing out subsidized premiums. These increases can cause insurance costs to balloon to amounts not affordable and throw off ratios for buyers.
This webinar will discuss the solutions that exist to mitigate flood risk and lower premiums by more than 70% through the NFIP program, while also explaining what private flood insurance policies exist and how these will be encouraged even more as the NFIP comes up for long-term reauthorization. This webinar is designed to build your flood insurance knowledge and add value to the services you are providing to your clients.
Thursday, August 23rd, 2018
2:00-3:30 PM EST
Objectives:The following will be discussed at this webinar:
- Current state of the NFIP and why premiums are increasing
- How mitigation can help lower flood insurance, and save the deal
- How the long-term reauthorization will help current and prior clients
- What is private flood insurance and how does it help
- Lessons from exciting real-life examples and major flood insurance savings
- Tom Little, President, Risk Reduction Plus Group
- Tyler Ardron, Vice President, Risk Reduction Plus Group
Who Should Attend?
- Mortgage Brokers
- Title Insurance Companies
- Home Inspectors
Call begins on August 23, 2018 from 2:00 - 3:30 pm EST.
Login instructions will be sent to paid attendees in advance of the webinar.
All paid attendees will receive a copy of the audio recording and PowerPoint deck at the conclusion of the webinar.