With the Mississippi River at epic heights, it’s critical to examine National Flood Insurance. For the 2019 NFIP reform package, GNO, Inc.’s Coalition for Sustainable Flood Insurance underscores:
• A strong NFIP is important for real estate. A lapse may affect 40,000 home sales per month.
• Affordability is vital for working and middle classes – 62% of policies are in areas with median household incomes less than $53,889.
• Coastal areas have 51% of both US population and jobs and 57% of US GDP. Flooding is the most common national disaster, impacting all 50 states.
A healthy NFIP benefits all.
To join CSFI and receive email updates, contact Ileana Ledet.