Some policies will see a decrease, how can I obtain a Risk Rating 2.0 quote before renewal?

A small percentage of policies will receive reduced premiums with Risk Rating 2.0. Renewals effective on or after April 1, 2022 will be provided renewal billing notices based on the Risk Rating 2.0 premiums. Renewals between October 1, 2021 and March 31, 2022 will receive renewal billing notices based on legacy rating. Prior to the next renewal these policies will be reviewed to determine if they would have been eligible for a reduction if renewed with Risk Rating 2.0 premiums and a refund will be generated if applicable.

By Olivia|2022-10-17T14:01:38-05:00September 13th, 2021|RR 2.0|Comments Off

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© Taurus Flood 2024. All rights reserved.
This website is for general information purposes only and is not intended to provide legal or regulatory advice. It is not intended to be a substitute for any National Flood Insurance Program publications.