Question:
| How and when do I get a refund for canceling my flood insurance? |
Answer:
| If you were required to get insurance by a lender and then you got a Letter of Map Amendment (LOMA) from FEMA, you may request a refund. The lender is not required to waive the requirement; the lender may decide that flood insurance coverage is still required. To get a refund, the lender must agree to waive it. Present the written waiver to the insurance agent who sold you the policy and request a refund. Refunds are not available if a claim has been made or is pending against the policy. |
Last Updated: 2007-01-04 11:40:24.0
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