USA - National Flood Insurance Program Lapsed on June 1, 2010

[sharon sanders]

Hat tip Mike Coston for the information -

Many areas of the United States depend on this program, including those that are in the hurricane belt. em

snip

"The only insurer that provides coverage for flooding is the federal government. Congress failed to extend the National Flood Insurance Program past the May 31 deadline, so as of June 1, if you are not in the program already, you cannot get a policy."

http://www.justnews.com/news/23981091/detail.html

 

[sharon sanders]

Re: USA - National Flood Insurance Program Lapsed on June 1, 2010

hat tip friend of FT -

The US Senate passed the legislation necessary to reinstate the Flood Insurance program late last night.

"The Senate has passed the National Flood Insurance Program Extension Act of 2010 (H.R. 5569), an extension of the National Flood Insurance Program, until September 30, 2010. This will allow transactions to move forward. The bill is retroactive and covers the lapse period from June 1, 2010 to the date of enactment of the extension."

http://www.realtor.org/government_affairs/natural_disaster