Can flood insurance be canceled at the request of the insured with a refund of premium?

Yes, in some cases. For example, if the policyholder sold the property and no longer has an insurable interest in it, the policy can be canceled with a pro-rated return.

However, due to the seasonal nature of flooding, and to protect the lender’s interest, there are limited valid cancellations reasons. The valid cancellation reasons and the proper procedures and documentation required to cancel a policy are outlined in the NFIP Flood Insurance Manual.

To request a cancellation, the policyholder should contact the insurance agent servicing the policy. To contact us, call 973.627.5500.