How does H.R. 5787 Impact Your Flood Insurance Clients?

Victoria Penn , 3/14/2019

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In an effort to protect the barrier system and prevent future flood damage, the Coastal Barrier Resources Act (CBRA) of 1982 restricted development on the Coastal Barrier Resource System (CBRS).

On December 20, 2018 the CBRS map was updated in a bill* passed by Congress that revised the maps, adding eligible underdeveloped areas to the System, increasing the area of ineligible National Flood Insurance Program (NFIP) properties.

If your client lives in a CBRS area, they may not be eligible for federally regulated flood insurance, which could put their property at risk, or delay home loan closings altogether.
*H.R. 5787

SWBC provides Primary and Excess Flood coverage in NFIP-restricted properties. Give your clients the benefit of:

•	In-house authority
•	Faster response times
•	Non-participating community coverage
•	Limits up to $5 million

Our goal is to provide you with solutions in the areas that matter the most to you:

•	Quick turn quote delivery, within 24-48 hours
•	Rate stability and underwriting consistency
•	Prompt communication with underwriters and management
•	Competitive commission payouts

If your clients can't find the coverage they need through an NFIP policy, let SWBC's flood insurance experts protect their property.

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SWBC
9311 San Pedro Ave, Ste 600
San Antonio, TX 78216
(210) 525-1241
www.swbc.com

Categories: Residential Flood Insurance & Excess Flood Insurance


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