FEMA released the Oct. 1 NFIP changes, including:
- Revised cancellation refund rules for the surcharge implemented with the Homeowner's Flood Insurance Affordability Act of 2014
- Reduced federal policy fee for tenants' contents-only policies
- Updated claims data elements in the Transaction Record Reporting and Processing Plan
Consult FEMA's bulletin for additional details. For more information about flood insurance, visit Big "I" Flood online.