11/24/2023 0 Comments Nfip coverage aAlso, as an alternative, in those cases where the application and premium payment are mailed by certified mail within four (4) calendar days from the date of application, the waiting period will be calculated from the date of application even though the application and full amount due are received at the office of the NFIP after ten (10) calendar days following the date of application. If the application and the full amount due are received at the office of the NFIP within ten (10) calendar days from the date of application, the waiting period will be calculated from the date of application. ![]() Therefore, it is important that an application for flood insurance, as well as the full amount due, be mailed to the NFIP promptly in order to have the effective date of the coverage based on the application date plus the waiting period. (f ) With respect to any submission of an application in connection with new business, the payment by an insured to an agent or the issuance of premium payment by the agent does not constitute payment to the NFIP. Standard Flood Insurance Policy Interpretations. Rates based on a flood protection system involving Federal funds. ![]() Requirements for issuance or renewal of flood insurance coverage.Įffective date and time of coverage under the Standard Flood Insurance Policy-New Business Applications and Endorsements. Coverage and benefits provided under the Standard Flood Insurance Policy.
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