U.S. National Flood Insurance Program Extended Through Dec. 16, 2011
Published: November 18, 2011 | Country: United States
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Yesterday, the National Flood Insurance Program (NFIP) was extended until December 16, 2011, when Congress will again need to reauthorize the program.
The extension, part of a larger measure to keep the U.S. federal government running, prevents a lapse of the NFIP, which was set to expire November 18. The NFIP has been subject to numerous temporary extensions since September 30, 2008, and lapsed four times in 2010.
A five-year NFIP extension plan has already been passed by the U.S. House of Representatives.
Without adequate flood coverage, flooding incidents can be financially devastating for both residential and commercial property owners.
Marsh’s Flood Service Center will keep clients updated with new developments.