If there’s one thing homeowners and real estate professionals need to understand about the new Risk Rating 2.0 pricing methodology for calculating flood insurance it’s that flood insurance requirements and flood insurance rates are two separate things, and RR2.0 affects rating, not requirement.

Risk Rating 2.0 is set to go into effect on October 1, 2021 for new flood insurance policyholders and April 1, 2022, for renewal of existing policies, making a direct impact on flood insurance premiums and causing those involved in real estate transactions to have inevitable concerns and questions.

From our perspective, it’s important that real estate agents, buyers, sellers, and current homeowners understand the difference between requirement and rate, and know that RR2.0 is only a change to the…

Learn more about 100-year flood zones, common misconceptions, how it affects insurance rates and how to know if you're in one.

Flood risk is often a confusing topic with rampant myths and misunderstandings. Learn 6 key things about flood risk that will help you understand how to protect yourself, your investment and your home.