According to our last post about the National Flood Insurance Program, the temporary extension ended yesterday. So, Congress has now passed (and the President signed) a bill reauthorizing this program prior to the program’s expiration. The Travelers Insurance Flood Team states, “The bill contains a short-term reauthorization that extends the statutory authority to issue flood insurance policies pursuant to the NFIP until November 18, 2011.”
So, if you need a flood insurance policy written up, now would be a great time to do so. Your insurance agent should have no problems writing new policies until November 18th.
Of course, many folks are working together to get this problem resolved once and for all. Stay tuned for more updates!