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• 07:41, 2 December 2024 WikiAdmin talk contribs created page NFIP Legacy Rating (Created page with "Prior to October 1, 2021, the NFIP used a methodology now referred to as '''Legacy Rating''' to calculate flood insurance premiums. This approach relied on generalized data and various subsidies to determine rates, often creating discrepancies between a property's true flood risk and its premiums. == Key Features of Legacy Rating == # '''Elevation Data''': #* Premiums were calculated using elevation data relative to the Base Flood Elevation (BFE). #* Structures with fl...")