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"On September 8, the Senate Banking Committee unanimously approved the "Flood Insurance Reform and Modernization Act," sending it to the full Senate for consideration. This is the Committee's response to the NFIP reform bill H.R. 1309 passed by the House earlier this year. Similar to the House bill, this one would also provide for a 5-year extension as well as premium-rate and flood-mapping reforms that ensure the continuation of the program long term. The National Association of REALTORS has sent a letter to committee leadership urging 5-year reauthorization of the NFIP before Sept. 30, 2011, when the program's authority to issue flood insurance expires. "
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15 yrs. in the Monroe/West Monroe real estate market has taught me that every transaction is special. I use email, text, phone, pigeon--whatever it takes to communicate with you!
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Half the country is either under water now, or has been within the past year. Why, oh why, does the Congress fiddle-fart around with flood insurance? This program should NEVER be allowed to expire. People who are buying a house should not have to worry about being able to get coverage before their closing. Gr-r-r-r.