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The NFIP offers two types of flood insurance policies to property owners: the low-cost Preferred Risk <br /> Policy(PRP)and the Standard Flood Insurance Policy(SFIP). The PRP is available for 1-to 4-family <br /> residential structures located outside the SFHA with little or no loss history. The PRP is available for <br /> townhouse/rowhouse-type structures,but is not available for other types of condominium units. The SFIP <br /> is available for all other structures. Additional information on the PRP and how a property owner can <br /> quality for this type of policy may be obtained by calling the Flood Insurance Information Hotline,toll free, <br /> at 1-800427-4661. Before making a final decision about flood insurance coverage, FEMA strongly <br /> encourages property owners to discuss their individual flood risk situations and insurance needs with an <br /> insurance agent or company. <br /> FEMA has established "Grandfather" rules to benefit flood insurance policyholders who have maintained <br /> continuous coverage. Property owners may wish to note also that, if they live outside but on the fringe of <br /> the SFHA shown on an effective NFIP map and the map is revised to expand the SFHA to include their <br /> structure(s), their flood insurance policy rates will not increase as long as the coverage for the affected <br /> structure(s) has been continuous. Property owners would continue to receive the lower insurance policy <br /> rates. <br /> LOMAs are based on minimum criteria established by the NFIP. State, county, and community officials, <br /> based on knowledge of local conditions and in the interest of safety, may set higher standards for <br /> construction in the SFHA. If a State, county, or community has adopted more restrictive and <br /> comprehensive floodplain management criteria, these criteria take precedence over the minimum Federal <br /> criteria. <br /> In accordance with regulations adopted by the community when it made application to join the NFIP, <br /> letters issued to amend an NFIP map must be attached to the community's official record copy of the map. <br /> That map is available for public inspection at the community's official map repository. Therefore, FEMA <br /> sends copies of all such letters to the affected community's official map repository. <br /> When a restudy is undertaken,or when a sufficient number of revisions or amendments occur on particular <br /> map panels, FEMA initiates the printing and distribution process for the affected panels. FEMA notifies <br /> community officials in writing when affected map panels are being physically revised and distributed. In <br /> such cases, FEMA attempts to reflect the results of the LOMA on the new map panel. If the results of <br /> particular LOMAs cannot be reflected on the new map panel because of scale limitations, FEMA notifies <br /> the community in writing and revalidates the LOMAs in that letter. LOMAs revalidated in this way <br /> usually will become effective I day after the effective date of the revised map. <br /> LOMAENC-1 <br />