FEMA flood insurance revamped pricing completed in 2023

In April of 2023, the National Flood Insurance Program completed its revamping of pricing for flood insurance. Premiums for all properties are now based on actual flood risk for that property, not just the flood zone or zip code.

FEMA LINK: https://www.fema.gov/flood-insurance/risk-rating

This means your premium is based on elevation, drainage, and past flood experience.

For some property owners, their premiums are lower. For others, their premiums have increased because of higher flood risk.