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#1910172 - 03/31/14 08:19 PM Force Placed Flood Renewal Procedures
midwestriver Offline
Junior Member
Joined: May 2011
Posts: 37
which is the best procedure to handle a renewing FP flood policy?

1) 45 days prior to the FP flood policy expiring to send a renewal letter to the borrower telling them if they do not get their own flood insurance, we will renew their FP flood policy

or

2) on the day or day after the FP flood policy has expired, start the 45 day letter cycle on the borrower since they do not have their own flood insurance?

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Flood Compliance
#1910187 - 03/31/14 08:30 PM Re: Force Placed Flood Renewal Procedures midwestriver
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
1) That is only available if you are participating in the NFIP MPPP program.

2) The notification is sent the day after expiration.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1910673 - 04/02/14 01:50 AM Re: Force Placed Flood Renewal Procedures midwestriver
midwestriver Offline
Junior Member
Joined: May 2011
Posts: 37
Thank you

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