How long is the waiting period after application acceptance before flood coverage takes effect?

The waiting period for flood coverage to take effect after the acceptance of an application is 30 days. This is a standard requirement set by the National Flood Insurance Program (NFIP). The purpose of this waiting period is primarily to prevent individuals from purchasing flood insurance right before a predicted flood event, ensuring that coverage is in place for long-term risk rather than short-term emergencies. Therefore, after a flood insurance policy application is accepted and approved, policyholders need to wait 30 days before their coverage becomes active, allowing adequate time for risk assessment and other administrative processes to take place.