On March 29, 2020 the Federal Emergency Management Agency (FEMA) announced that due to COVID-19 pandemic it is extending the grace period to renew flood insurance policies from 30 to 120 days. This extension applies to NFIP flood insurance policies with an expiration date between February 13, 2020 to June 15, 2020. To avoid a lapse in coverage, there is typically a 30-day grace period to renew policies. However, due to the widespread economic disruption […]
Category: Flood Insurance
ANOTHER NFIP EXTENSION
With the authority for the National Flood Insurance Program (NFIP) due to expire at midnight on December 20, 2019 Congress engaged in the usual last minute extension. This time H.R. 1865, the Further Consolidated Appropriations Act of 2020, has extended the NFIP authority through September 30, 2020.
FLOOD INSURANCE – ANOTHER LAST MINUTE REPRIEVE
Apparently another last minute approval by Congress and signature by the President has provided continued appropriations for the National Flood Insurance Program through December 20, 2019. In 30 days we play this silly game again.
FLOOD INSURANCE CONTINUATION – DOWN TO THE WIRE
On September 26, 2019 H.R 4378 provided continuation of funding for the National Flood Insurance Program (NFIP) through November 21, 2019. Now H.R. 3055, which among others items provides continuation of funding for NFIP, has passed in both the House and Senate. The House and Senate versions differed slightly and the differences are being resolved. Next the bill moves on for Presidential signature. The day is not over so Congress and the President have hours […]
FLOOD INSURANCE FUNDING CONTINUED
On September 26, 2019 H.R 4378 was passed in the Senate. The continuing resolution provides appropriations to federal agencies, including the National Flood insurance Program, through November 21, 2019. The action prevents a government shutdown that would otherwise occur when Fiscal Year 2020 begins on October 1, 2019. The resolution is awaiting the signature of the president.