Flood Insurance 2.0

Overview

Flooding is the costliest natural disaster and most severe weather threat to property owners in the country with around 90 percent of all U.S. natural disasters involving flooding and all 50 states having a flood risk. Given those statistics, it is important for licensees to understand how to counsel consumers about the risks of flooding and the benefits of flood insurance. In 2021, FEMA rolled out a new pricing methodology, called Risk 2.0. This course will explain the benefits of the National Flood Insurance Program and its new methodology. It will also help real estate professionals to understand that it is a voluntary program based on a mutual agreement between the federal government and the local community. Additionally, this course brings an understanding of how to read flood maps which delineate the boundaries of flood areas as well as bringing to light local mitigation efforts.

Learning Objectives

Upon completion of this course, you will be able to:

  • describe the current National Flood Insurance Program (NFIP)
  • relate FEMA flood terminology and flood hazard mapping
  • discuss flood insurance requirements and homeowner obligations
  • identify environmental hazards associated with flooding
  • explain the importance of disclosing previous flooding of a property
  • recognize your role as a real estate licensee when it comes to flood insurance

Designed For

Real estate professionals at all stages of their careers


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