January 23, 2018
The National Flood Insurance Program (NFIP), has officially lapsed due to Congress’s failure to pass a continuing resolution to fund the federal government. The Continuing Resolution would have included an NFIP extension.
The NFIP is a program is integral to policyholders, and stands to effect both current consumers and those looking to purchase property in the future. Many consumers engaged in real estate transactions may experience disruptions because of this lapse, with some home sales put on indefinite hold. If flooding events occur during this lapse, some claims will not be processed.
This however, is no cause for panic as there are options. National Flood Insurance, LLC., Specializes in Flood Insurance Products Nationwide and can offer a consultation with a Flood Specialists who has been trained and is prepared to assist with walking consumers through all solutions available in both the Public and Private Flood Insurance markets.
The NFIP originally expired on September 30, 2017, after its 5-year authorization ended. It was then extended until December 8th, then again until December 22nd, and then extended again until January 19th. The anticipation is for Congress to immediately pass an extension of the NFIP so that consumers and their properties can again be protected.
For more information, please contact Kim Burke at 321-720-1707, email or Visit the National Flood Insurance website at www.NationalFloodInsurance.Org
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