Potential NFIP Lapse

Are you preparing for Hurricane Season?  Thinking about getting flood insurance? Well you may want to call your agent ASAP.  WHY?  This afternoon, Congress approved a 2 week extension (until June 14) of the National Flood Insurance Program (NFIP), which was set to expire and required reauthorization by 11:59 PM EST tomorrow (May 31, 2019) or risk a lapse in authority.  WHAT? does that mean: If the NFIP is not reauthorized, flood insurance will essentially be unavailable for purchase … new policies and renewals cannot be written during the program lapse. It is unpredictable to estimate how long a lapse can last.  It could be for a day, a week, a month, or longer.  Unfortunately, we don’t have control over that, it’s up to Congress … what you can do is call your insurance agent today, IF:

  • You are preparing for Hurricane Season that begins June 1st.  Remember EVERYONE lives in a flood zone;
  • Have an existing flood insurance policy that is about to expire or has expired within the last 30 days and needs to be renewed;
  • You need to increase coverage amounts per lender requirements or for pro-active reasons;
  • You are about to close on your loan for a property located in a Special Flood Hazard Area and subject to Mandatory Flood Insurance Requirements by your lender;

For more information about the National Flood Insurance Program’s reauthorization, please visit:


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