As of press time, Congress has yet to pass government funding legislation to keep the federal government open beyond Friday, Dec. 20. The National Flood Insurance Program (NFIP) is currently scheduled to expire on the same date.
This week, the U.S. House of Representatives and Senate passed H.R. 9747, the Continuing Appropriations and Extensions Act, which will fund the federal government and extend the National Flood Insurance Program (NFIP) through Dec. 20.
The disaster highlights just how alarmingly low flood insurance coverage is among Americans, particularly in areas that are farther from the coast.
As the climate changes, independent agents play a major role in educating their clients on the need to purchase flood insurance, as well as providing advice to them on the steps to take to protect their property.
Congress passed legislation to fund the federal government and extend the National Flood Insurance Program (NFIP) through Dec. 20.
As thousands more people move in rather than out of fire- and flood-prone areas, independent agents have an opportunity to counter the decline in flood insurance coverage.
The Trusted Choice® survey revealed that while most U.S. insurance consumers don’t fully understand the policies they have purchased, 86% believe they do.
Across the nearly 33 million homes stretching from Texas to Maine that could be impacted by hurricane winds, the combined reconstruction cost would be $10.8 trillion.
Consumers have significant misconceptions about flooding causes and what is and isn’t insured under their homeowners or renters policies.
A short-term reauthorization of the National Flood Insurance Program through March 8 was included in the short-term continuing resolution passed by Congress last week.
