FEMA is implementing two changes to the NFIP that will affect numerous policyholders.
Now, a primary residence is classified as the property in which the insured or their spouse lives for more than 50% of the year—a significant adjustment from the previously required 80%.
And for all pre-FIRM policyholders currently receiving a subsidized rate, FEMA will send a notice requesting additional documentation from insureds. To maintain the primary residence pre-FIRM subsidized rate, the insured or the insurance agent must submit one of the following:
- Driver’s license
- Automobile registration
- Proof of insurance for a vehicle
- Voter’s registration
- Documents showing where children attend school
- Homestead tax credit form for primary residence
View a copy of the notice in FEMA Bulletin W-14048.
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