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NFIP ‘Continuous Coverage’ Legislation Introduced in House

The legislation clarifies that a flood insurance policy purchased in the private market can count as “continuous coverage” under the terms of the National Flood Insurance Program (NFIP).
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nfip ‘continuous coverage’ legislation introduced in house

This week, Reps. Kathy Castor (D-FL) and Blaine Luetkemeyer (R-MO) introduced the Big “I"-supported H.R. 4699, the “Continuous Coverage for Flood Insurance Act," into the U.S. House of Representatives.

The legislation clarifies that a flood insurance policy purchased in the private market can count as “continuous coverage" under the terms of the National Flood Insurance Program (NFIP). This ensures that policyholders will not lose their flood insurance subsidies or grandfathered status should they decide to move their coverage from the NFIP to the private market and wish to return to the NFIP at a later date. 

With the NFIP currently set to expire at the end of September, the Big “I" continues to advocate for a long-term reauthorization of a modernized NFIP that would increase take-up rates, both in the NFIP and the private market. The Big “I" will push to have this important continuous coverage legislation included in any long-term reauthorization of the NFIP.

Wyatt Stewart is Big “I" assistant vice president of federal government affairs.