UPDATE: Biggert Waters Flood Insurance Reform Act of 2012 (BW-12) - Next Changes Coming Oct. 1, 2013
In 2012, U.S. Congress passed BW-12 which calls on FEMA and other agencies to make a number of changes to the way the NFIP is run. The new law eliminates some artificially low rates and discounts which are no longer sustainable. Most flood insurance rates will now move to reflect full risk, and flood insurance rates will rise on some policies. The most common solution will be to install flood vents to bring the building into compliance. See a description and timeline of upcoming changes here.
Be a Hero and Reap the Benefits. Learn the quick and simple steps in bringing a home into compliance that will result in a lower premium.
We know writing flood insurance can be difficult at times and can leave you and the customer frustrated with the process. A frequent red flag on a customer’s Elevation Certificate is non-compliant flood openings. In many cases retrofitting 2 to 3 SMART VENTS can be the difference in reducing the customers annual premium. An increase in compliance not only reduces your customer’s premium but also gives them the piece of mind to know that there family is protected from the devastating effects of a flood event.
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We’ve spent many years studying flood mitigation and the effects flood waters could have on a poorly protected home. In fact, the SMART VENT team is certified to instruct and provide learning credits to Architects, Engineers, Contractors, Building Inspectors, Surveyors, and Insurance Agents in many states.
Ask the Experts. Our staff of Certified Floodplain Managers can assist you with choosing the right SMART VENT model for the job, review project plans and Elevation Certificates, and answer any other general floodplain construction questions you may have.