Critical Hole in Federal Flood Insurance Extension May Halt Policy Issuances During Government Shutdown

Filed in Capitol Hill by on December 26, 2018 0 Comments

The congressional deal to extend funding for the National Flood Insurance Program (NFIP) through May 31, 2019 will be jeopardized by the partial government shutdown.

While the congressional intent was to keep the NFIP running for the next five months, FEMA today notified insurers and insurance agents that they cannot sell or renew flood insurance policies backed by the program because of a lack of government funding. This means that new or renewing federal flood insurance policies will not be written.

NAHB is working with federal lawmakers to get more information and to attempt to resolve this issue.

Members are strongly encouraged to contact their lawmakers and urge them to work to ensure there are no delays in writing new federal flood insurance policies. Lawmakers must know that any disruptions to the program will jeopardize home sales.

For more information, contact Jessica Hall at 800-368-5242x 8253.

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