Biggert-Waters Flood Insurance
Reform Act of 2012
The Biggert-Waters Flood Insurance Reform Act of 2012 is Federal legislation that affects premium rates on National Flood Insurance Program policies. At this website, policy holders can learn about this Congressional act, Lee County’s efforts to address it, and tips for coping with rising flood insurance rates.
As of October 1, 2013, nearly 7,900 policy holders in Lee County will see some impact from Biggert-Waters as their flood insurance policies are renewed annually. The first impact is the loss of Pre-FIRM discounts, which were given on property built before Flood Insurance Rate Maps first set flood-prevention standards. In most of Lee County, that involves property built before 1984.
Policy holders are urged to contact their flood insurance agent to determine the exact impact of Biggert-Waters on their policy premium and coverage.
At the direction of Congress, The Federal Emergency Management Agency (FEMA) administers the National Flood Insurance Program (NFIP). FEMA also creates the Flood Insurance Rate Maps that determine flood zones and set base flood elevations (BFE).
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