Grace Period Update: FEMA and its National Flood Insurance Program (NFIP) for policyholders during this unprecedented time.
The grace period for flood insurance renewal has been extended from 30 days to 120 days to help policyholders ahead of potential floods this spring and during hurricane season. The grace period applies to NFIP flood insurance policies with an expiration date between February 13 through June 15, 2020.
For these policies, the carrier must receive the appropriate renewal premium within 120 days of the expiration date to avoid a lapse in coverage. If a policyholder receives an underpayment notice between February 13 and June 15, then the carrier must receive the additional premium amount requested within 120 days of the date of the notice.
You can see the full bulletin for reference, here.