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How to fill out the AW-501 online
The AW-501 form is essential for communities participating in the National Flood Insurance Program's Community Rating System. This guide offers a clear, step-by-step approach to accurately complete the AW-501 form online, ensuring effective updates for repetitive loss properties.
Follow the steps to successfully complete the AW-501 form online.
- Press the ‘Get Form’ button to access the document electronically and open it in your browser or preferred document editor.
- Review the ‘Repetitive Loss Number’ field, which is assigned by the RL database used for internal tracking; ensure this number is correctly noted.
- Fill in the ‘Current NFIP Community Name’ and ‘Community ID’ fields to identify the relevant community associated with the property.
- Enter the ‘Current Property Address’ accurately, reflecting the most recent known address for the property in question.
- Review the ‘Previous Property Address’ field, which is provided for informational purposes only; do not modify this field.
- Document the ‘Last Claimant’ and ‘Insured’ information as provided, noting that these fields are informational and not for updating.
- Fill in the ‘Dates of Losses’ field accurately, using the format year/month/day.
- Select the appropriate updates from the ‘Requested Updates’ section; be sure to mark all relevant options based on the specific situation.
- Use the ‘Comments Section’ to add any necessary clarifications or additional context for the updates you are submitting.
- Once all fields are completed, save your changes. You may also download, print, or share the form as needed.
Start updating your documents online today to keep your community information current.
CRS Class Ratings CRS Classes are rated from 9 to 1. Today, most communities enter the program at a CRS Class 9 or Class 8 rating, which entitles residents in Special Flood Hazard Areas (SFHAs) to a 5% discount on their flood insurance premiums for a Class 9 or a 10% discount for Class 8.
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