Get Nfip Repetitive Loss Update Worksheet (aw-501) - Federal Emergency ... - Fema

The Nfip Repetitive Loss Update Worksheet (aw-501) is vital for communities that participate in the National Flood Insurance Program's Community Rating System. This guide provides clear, step-by-step instructions to help you accurately fill out the form and submit updates online.

Follow the steps to effectively complete the Nfip Repetitive Loss Update Worksheet.

1. Click ‘Get Form’ button to access the Nfip Repetitive Loss Update Worksheet and open it in your preferred digital editor.
2. Review the section for ‘Repetitive Loss Number’. This number is assigned to track your property update within FEMA’s systems. Ensure you have this number ready.
3. Fill in the ‘NFIP Community Name’ and the ‘Community ID#’. These identifiers help categorize your submission within the correct community.
4. Provide the ‘Current Property Address’. This must reflect the most recent and accurate address for the property in question.
5. Complete the ‘Previous Property Address’ field with the second most recent address, which allows for better historical tracking.
6. Input the ‘Last Claimant’ information. Note this is historical data and should only be used for reference. Do not make updates to this field.
7. Specify if the property is insured in the ‘Insured’ section. If FEMA indicates a ‘YES’ here, this signifies that the property is currently insured under the NFIP.
8. Record the ‘Dates of Losses’ for the property in a year/month/day format. Verify the accuracy of these dates to ensure proper documentation.
9. In the ‘Requested Updates’ section, mark all relevant updates that apply. Make sure to choose the correct categories based on the condition of the property and updates necessary.
10. Provide additional documentation if necessary, especially for updates related to flood protection or when a building no longer exists. Include mitigation action and funding codes where applicable.
11. Fill out the ‘Comments Section’ to provide any additional context or explanations for your updates that don't fit within the specified categories.
12. Once all fields are complete and all necessary documentation is attached, review your form for accuracy. Save your changes.
13. You can download or print your completed form. Ensure you also share it with the relevant contact for submission.

Complete your Nfip Repetitive Loss Update Worksheet online today to ensure your community's properties are accurately recorded.