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FEMA Delays Flood Insurance Rule for Illinoisans Near River

Midwest News • September 26, 2008
Illinois residents and businesses in the St. Louis metropolitan area will not yet be forced to pay more for flood insurance than counterparts on the Missouri side of the Mississippi River, the ...

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Subject: grandfathering

Posted On: September 29, 2008, 8:22 am CDT
Posted By: Bill K
Comment:
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!
Subject Posted By Posted On
grandfathering Bill K
Sep 29, 2008, 8:22 am
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