The National Flood Insurance (NFIP) will expire on July 31, 2018, denying necessary insurance coverage to homeowners and buyers in more than 20,000 communities nationwide. Congress MUST act now to reform and extend the NFIP. Congress must periodically renew the NFIP’s statutory authority to operate. On March 23, 2018, the President signed legislation passed by Congress that extends the National Flood Insurance Program’s authorization to July 31, 2018.
Congress must now reauthorize the NFIP by no later than 11:59 pm on July 31, 2018.
The National Flood Insurance Program aims to reduce the impact of flooding on private and public structures. It does so by providing affordable insurance to property owners, renters and businesses and by encouraging communities to adopt and enforce floodplain management regulations. These efforts help mitigate the effects of flooding on new and improved structures. Overall, the program reduces the socio-economic impact of disasters by promoting the purchase and retention of general risk insurance, but also of flood insurance specifically.
Most standard homeowners’ and renters’ policies do not cover flood damage. Please let Congress know and for more information, here’s the direct link: