Flood Insurance Program Extended by Congress

Home owners looking for flood insurance received a little good news from the U.S. Congress. Congress temporarily extended funding for the National Flood Insurance Program. President Barack Obama signed it into law late on March 2. Funding was extened until March 28.

According to a statement released by the National Association of Insurance Commissioners, “Without funding, the NFIP could not write new policies or renew existing policies for property owners, or pay claims. The delay in the extension also meant “short-term problems” for property owners waiting to close on a property within a Special Flood Hazard Zone.”

The NFIP is important because standard homeowners policies do not cover the flooding. For more information on Flood Insurance, visit www.floodsmart.gov or contact our offices at 214-717-4326.

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Flood Insurance Program Extended by Congress

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