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18500 Murdock Circle
Port Charlotte, FL 33948

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FEMA Risk Map and Rating Changes

CHARLOTTE COUNTY, Fla. (Sept. 30, 2021) – In 2019, Federal Emergency Management Administration presented Charlotte County with preliminary coastal flood maps based on updated modeling and data from the community. Meetings were held across the county for the public to review the preliminary maps and ask questions which set the stage for the appeals and comments phase of the process. Due to the COVID pandemic the comment and appeals phase was delayed with FEMA in 2020.  In March of 2021, FEMA restarted the appeals and comments phase and that ended in June 2021. FEMA has notified the county and they anticipate the preliminary flood maps to become effective in approximately nine months. This is an approximate timeline and is subject to change by FEMA. For questions about flood maps, call Floodplain Coordinator Donna Bailey at 941-623-1080

The National Flood Insurance Program was created by Congress in 1968 to make federally backed flood insurance available to communities that adopt minimum standards of floodplain management, outlined by the NFIP. Risk Rating 2.0 is the first change to the way the NFIP calculates flood insurance premiums since the 1970s. Under the current system, Flood insurance rate maps are the only tool used to calculate a property’s flood insurance premiums. With Risk Rating 2.0, flood insurance premiums will be calculated using other methods which include the features of an individual property, distance from a flood source, and type of construction. For policyholders whose flood insurance premiums will increase, these increases will be capped at 18% per year until the full insurance risk amount is met. The first phase of Risk Rating 2.0 methodology is expected to begin Oct. 1, 2021 and will only include new policies and policyholders who will benefit from the new methodology and want to switch their policy. The remaining existing policyholders will automatically be moved to Risk Rating 2.0 on April 1, 2022.

Should you have any questions about insurance call your insurance agent.


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