“Risk Rating 2.0 may be the change that is needed to help make the NFIP sustainable again, or it may prove to be too little too late from FEMA.” - Robert Hayden, Compliance Risk Manager at Miniter Group
ROCKLAND, Mass. (PRWEB) March 26, 2021
This white paper takes a deep dive into the redesigning process of the way NFIP policies are rated. It describes how the new rating system, called Risk Rating 2.0, will provide more accurate rates for properties' flood risk.
For example, a property owner in Montana will no longer be paying the same rate as a property owner on Florida's coast. FEMA has stated the three characteristics utilized to determine the risk rating of each property. Read the white paper today to learn more about these determinants. CLICK HERE
Policyholders and agents are encouraged to read into this conversation to prepare them for what to expect when Risk Rating 2.0 is released.
The white paper provides:
- A history of the current NFIP Risk Rating
- Why Risk Rating 2.0 is needed
- Potential Impacts of Risk Rating 2.0
Read it on Miniter Group's blog page today at miniter.com/blog
Miniter Group is a leading provider of collateral risk transfer solutions to the lending industry, providing blanket and lender-placed insurance solutions to over 600 lenders in 41 states. Miniter's in-house software development team continues to work with lenders to enhance the fast-growing Borrower-CentricSM Insurance Tracking System.
Miniter's solutions include Vendor Single Interest Insurance, Lender Placed Insurance, Collateral Protection Insurance, and Mortgage Impairment Insurance.
We invite you to call us at 1-800-MINITER or visit us on the web at http://www.miniter.com.