Agents in the area should be contacting all 150,000 people that will be affected by the enlarged SFHA and start selling them Preferred Risk Policies (PRP) before the new maps go into effect. Once written, the policies can remain inforce (as written)under the NFIP’s grandfathering rule, saving these people a lot of money on an annual basis for years to come. We have had several map changes in our state recently and the proactive agents have done just that. What a way to earn your clients’ loyalty and increase revenue at the same time!
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Agents in the area should be contacting all 150,000 people that will be affected by the enlarged SFHA and start selling them Preferred Risk Policies (PRP) before the new maps go into effect. Once written, the policies can remain inforce (as written)under the NFIP’s grandfathering rule, saving these people a lot of money on an annual basis for years to come. We have had several map changes in our state recently and the proactive agents have done just that. What a way to earn your clients’ loyalty and increase revenue at the same time!