Sorry, Grandfather, you’ve got to go. Starting on October 1, 2021, FEMA 2.0 goes into effect and eliminates the use of flood maps to rate policies.
So, if you’ve got a policy that receives a reduced rate because you are grandfathered in under an old map you can say “bye bye” to your discount. No map means no map-related discounts.
The good news is that only 5% of the policies currently in the NFIP are grandfathered. The bad news is that if you are in that 5% you are looking at a rate increase. It might be a good time to shop the private market, see if you qualify, and compare the rates to your renewal rate without the grandfathered discount.