PREFERRED RISK POLICY EXTENSION PROVIDES COST-SAVINGS OPTION

Flood risks can, and do, change over time due to community development, aging flood control structures, erosion, and other factors. As Georgia’s flood maps are updated, some property owners have learned that their risk of flooding has increased and that their property has been newly mapped into a high-risk area.  These areas are shown on the flood maps as zones beginning with the letter “A” or “V” and are called Special Flood Hazard Areas (SFHAs). This can mean new, mandatory flood insurance purchase requirements; however, the National Flood Insurance Program (NFIP) offers a cost-saving option. If your property was newly mapped into a high-risk flood zone on or after October 1, 2008, you still may be eligible for the lower-cost Preferred Risk Policy (PRP).
Who is eligible?

  • To be eligible for the PRP, your building must meet certain loss-history requirements. If there have been two disaster relief payments, or claims for flood losses of $1,000 or more, or three losses of any amount, you cannot obtain a PRP.
  • If you are the owner of a building that meets the loss history requirements and was newly mapped into a high-risk flood zone (shown on a flood map as a zone beginning with the letter "A" or "V") since October 1, 2008, you are eligible to purchase or renew a PRP.
  • The PRP Extension rating option will continue until FEMA completes its analysis and implementation of premium rate revisions put in place by the Biggert-Waters Flood Insurance Reform Act of 2012.
Contact your insurance agent to learn more about this and other rating options.  If you do not have an agent, visit FloodSmart.gov to locate one.

 

 

 

Contact Us

You can submit comments and questions about the Georgia Flood Mapping Program to:

You can submit comments and questions about the Georgia Flood Mapping Program to:

Tom Shillock, CFM
State Floodplain Management Coordinator and NFIP Coordinator
404-651-8496
Tom.Shillock@dnr.ga.gov

Garrett Skinner
Project Manager
ATKINS
(770)-933-0280
garrett.skinner@atkinsglobal.com

Shannon Brewer
Project Manager
Dewberry
678.537.8619
sbrewer@dewberry.com