Recovery Assistance & Mitigation Planning

Recovery Planner Jennifer Gerbasi


Flood Insurance Renewal Grace Extended

Tuesday April 07, 2020 09:47 am

Flood Insurance Renewal Premiums

Grace Extended by 3 Months During Corona

We all are adjusting to a new normal and many of our residents are financially stressed.  FEMA, which runs the National Flood Insurance Program (NFIP), has included in its response to the Corona Virus help to serve its National Flood Insurance Program (NFIP) customers who may be experiencing financial hardships. The agency is extending the grace period to renew flood insurance policies from 30 to 120 days. This extension applies to NFIP flood insurance policies with an expiration date between February 13-June 15, 2020.

To avoid a lapse in coverage, there is typically a 30-day grace period to renew policies. However, due to the widespread economic disruption arising from this pandemic, FEMA recognized that flood insurance policyholders may not meet the standard policy renewal deadline and extended the payment window to 120 days without penalty.

This grace period is to allow policy holders extra time to renew their policies.  During the grace period, they are covered should a flood loss occur during the spring flood season or into the start of hurricane season (June 1).  Anyone with a flood event should submit a claim without delay. 

Policy holders must renew within the 120 day grace to maintain their effective date and any discounts from continuous coverage.  Also, the Hazard Mitigation Assistance grant programs opening in the fall will require coverage for eligibility to participate. 

Residents should call their flood insurance agent to find out when their grace period ends. 

Be well.  Be safe.

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