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Home / Changes Coming to the National Flood Insurance Program - What to Expect?

Changes Coming to the National Flood Insurance Program - What to Expect?

Congress passed the Flood Insurance Report Act of 2012 (Biggert Waters 2012), which will:

  • Make the NFIP more financially stable by raising rates on certain classes of property to reflect true flood risk; and

-Trigger rate changes for certain properties within a revised or updated map are to accurately reflect the flood risk.

  • The changes mean rate increase for many policyholders over time.

  • Buying or selling a property, or allowing a policy to lapse may trigger rate changes.

  • FLOOD INSURANCE RATES:

Rates for most properties will more accurately reflect risk.

Subsidized rates for non-primary residences are being phased out now.

Other subsidized rates will be eliminated over time: New polices sold after July 6, 2012 to cover previously uninsured properties; and

 Purchase of a property, allowing a policy to lapse, repetitive loss or cumulative damage, or other events could trigger rate changes beginning in 2013.

When a community adopts a new flood map, discounts like grandfathering will be phased out- meaning premiums will increase over time. Expected in 2014.

PLEASE SPEAK TO YOUR FLOOD INSURANCE AGENT FOR FURTHER DETAILS.

J.R. EVANS ENGINEERING HAS SOLUTIONS! Our firm has saved property owners over 2 million dollars in annual flood insurance premiums by accurately depicting their risk designation on FEMA's map.

Please call 239.340.0866 for further details.

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Current BOD

  • President, Molly Hennings
  • Vice President, Kevin Olszak
  • Secretary, Al Diaz
  • Treasurer, Arizona Keegan
  • Director, Derek Bebee
  • Director, Ali Pool
  • Director, Jon White

Message from President

Since 1995, the Community Association Managers of Marco Island has proudly served its community and members. Although many changes over the years have influenced the way in which our business is conducted, members taking the opportunity to help and learn from one another has not. Both Managers and Associates alike work diligently to service our community associations. Factors such as time constraints, workforce availability and severe weather challenge us all. Overcoming these obstacles with education, technological advances, quality mentoring and networking are the shining keys to our success.

We are fortunate to have a few of CAMMI’s original Board members serving as Board members today. These Board members are true assets and will help mold and structure the future of CAMMI, with a goal to refocus the organization during an exciting rebranding that will catapult our organization into the next generation! This rebranding of CAMMI has a youthful insight but will always stay true to its original design.

Everyone’s input and participation are an essential part of this organization. As such, CAMMI has always received incredible support from our Associate Members, so Manager participation is one of our main goals in the next coming year. Your current Board of Directors will be working hard to continue to provide enjoyable and rewarding Networking and Continuing Education opportunities for all our members.

I am honored to serve as President of this fine group filled with so many professional and talented members. Please feel free to contact me or any of our board members with any questions, comments or suggestions.

Molly Hennings, President

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