Senate Bill Would Extend National Flood Insurance Program for 10 Years- The Insurance Journal

Senate Bill Would Extend National Flood Insurance Program for 10 Years

We are going to have to watch this. Forgiving the NFIP debt, and Congress taking responsibility for disasters over a particular value,  would level the field with tornadic or wildfire disasters. This is not being proposed. Raising coverage to $500,000, without any guarantee that a policyholder will be able to recover that value misleads the consumer.

As we have a rather vested interest in this, we will add this to the Economic Development Committee agenda.

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