SFIP definition
Examples of SFIP in a sentence
Rather, a new policy application, with a new policy number, must be completed according to the underwriting requirements of the SFIP, as contained in the NFIP Flood Insurance Manual.
An MPPP policy may not be endorsed to convert it directly to a conventionally underwritten SFIP.
The current SFIP Dwelling Form and General Property Form will be used, depending upon the type of structure insured.
When coverage is issued using an incorrect SFIP form, the policy is void and the coverage must be written under the correct form.
The coverage limits must be reformed according to the provisions of the correct SFIP form and cannot exceed the coverage limits originally issued under the incorrect policy.
All mortgagors notified, in conjunction with this Program, of their need to purchase flood insurance must be encouraged to obtain a Standard Flood Insurance Policy (SFIP) from their local agent.
The property must be insured using the correct SFIP form in order for these two exceptions to apply.
All mortgagors notified, in conjunction with this program, of their need to purchase flood insurance must be encouraged to obtain a Standard Flood Insurance Policy (SFIP) from their agent/producer or insurer.
You may contact your local insurance agent/producer (or WYO Company) to replace this policy with a conventionally underwritten SFIP, at any time, and typically at a significant savings in premium.
Lenders must ensure that a mortgage interest clause similar to that contained in the General Conditions section of the SFIP, is contained in the policy.