FEMA’s Risk Rating 2.0 Explained
Lilas “Lela” Ashkarian-Taylor, PA,ABR,CRS, C2X,GRI, e-PRo
Top Producing Real Estate Agent, Coldwell Banker Schmitt
FEMA is changing its pricing method to something they call Risk Rating 2.0 on October 1. It uses new modeling and data to better assess property risk nationwide. They expect some people to see a decrease in their monthly bill, but most people will either see no change or a small increase. We have some new information to share about this change and a possible way to keep lower rates. To hear the full update, watch our latest video.