User:WikiAdmin/sandbox
| Eligibility Rule | FIM Page | |
|---|---|---|
| Pre-FIRM Discount | ||
| The building was constructed after the community’s FIRM date | 3-3 | |
| Substantial improvements or damage repairs after FIRM date | 3-4 | |
| Change in occupancy or use. | 3-4 | |
| - Switching WYO carriers post-Risk Rating 2.0 implementation. | 3-5 | |
| Newly Mapped Discount | - Property must have been in a non-Special Flood Hazard Area before reclassification. | 3-6 |
| - Discount only available within 12 months of flood map change.
- Lapse in coverage cancels discount. |
3-7 | |
| - Non-compliance with NFIP building standards. | 3-7 | |
| Annual Increase Cap | - No lapse in coverage allowed.
- Primary use of building cannot change. |
3-8 |
| - Substantial improvement or reconstruction triggers full-risk rating. | 3-9 | |
| - Transferring to a different WYO carrier may impact rate increases. | 3-9 | |
| Real Estate Transaction | - No prior NFIP policy on the property.
- Not purchased within the last 12 months. |
3-10 |
| - Prior policy rated using a legacy method not applicable under Risk Rating 2.0. | 3-11 | |
| - Change in occupancy or use (e.g., primary residence to rental).
- Lapse in coverage by prior owner. |
3-11 | |