Extended Eligibility (Continued...)
For Newly Mapped Rating Procedure
  • Policyholders are required to provide a copy of the lender notification if a Newly Mapped policy is requested between 12-24 months post map change mark.
  • Policyholders must apply for coverage within 45 days of the date of the mortgagee notification.
  • FEMA requires following conditions for Newly Mapped eligibility:
    • Lenders notification of flood insurance requirement is not required documentation if a policy’s effective date is within 12 months of a map revision date.
    • When a policy's effective date is on or after 12 months of map revision AND within 24 months of the map revision date, lenders notification of flood insurance requirement is required documentation to be submitted with the application for coverage.  Insureds must apply for coverage AND Agents must have applications submitted within 45 days of the lender notification.
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