Risk Rating 2.0 - NH Economy

This page contains information about FEMA's new risk rating pricing methodology called Risk Rating 2.0

The Federal Emergency Management Agency (FEMA) has updated the National Flood Insurance Program’s (NFIP) risk rating methodology through the implementation of a new pricing methodology called Risk Rating 2.0. This methodology determines flood risk using a combination of factors and data sources rather than just FEMA flood maps. These factors include multiple flood types (e.g., heavy rainfall, river overflow, coastal storm surge, etc.) and frequencies, distance to a water source, and property characteristics such as first floor elevation, construction and foundation type, and home value.

New policies beginning Oct. 1, 2021, will be subject to the new rating methodology. Existing policyholders eligible for renewal will be able to take advantage of any decrease in their premiums. All remaining policies renewing on or after April 1, 2022, will be subject to the new rating methodology.

In NH, of approximately 7,700 NFIP policies in force, FEMA anticipates that the introduction of Risk Rating 2.0 will result in decreased premium costs for 35% of policyholders, slight increases for 58%, and increases of $20 per month or more for the remaining 7%. You can view the NH State Profile Fact Sheet for more details.

Risk Rating 2.0 Outreach Toolkit:

“3 Things to Know About Risk Rating 2.0” Fact Sheets
- For Homeowners and Residents
- For Community Officials
Templates
FEMA Factsheets
- Do You Have A Preferred Risk Policy (PRP)? 7 Things You Should Know

Risk Rating 2.0 Trainings:

NFIP Basics and Risk Rating 2.0, Slide Deck
This webinar was presented on March 1, 2022. Slide content is current as of presentation date.

Upcoming trainings will be posted on the New Hampshire Floodplain Management Program webpage.

Risk Rating 2.0 Resources:

Other Resources:

Subscribe to our Flood Lines email list to be notified of updates related to Risk Rating 2.0 and upcoming trainings. To join, send your email address to Katie Paight at kathryn.o.paight@livefree.nh.gov.