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• A policy that offers fixed combinations of building/contents coverage or contents-only coverage at modest, fixed premiums. The PRP generally is available for property located in B, C, and X Zones in Regular Program Communities that meets eligibility requirements based on the property’s flood loss history.

  National Credit Union Administration - Cite This Source - This Definition
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  Cite Definition for Preferred Risk Policy (PRP)

  American Psychological Association (APA)

  Preferred Risk Policy (PRP). (n.d.). Pocket Cents Glossary. Retrieved March 25, 2023, from website: http://www.expertglossary.com/definition/preferred-risk-policy-prp.

  Chicago Manual of Style (CMS)

  Preferred Risk Policy (PRP). www.mycreditunion.gov. Pocket Cents Glossary. National Credit Union Administration. http://www.expertglossary.com/definition/preferred-risk-policy-prp (accessed: March 25, 2023).

  Modern Language Association (MLA)

  "Preferred Risk Policy (PRP)." Pocket Cents Glossary. National Credit Union Administration. 25 March. 2023 http://www.expertglossary.com/definition/preferred-risk-policy-prp.

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