In south Louisiana, we know the risks of flooding and the importance of the National Flood Insurance Program (NFIP). But did you know that 29 states and the District of Columbia also have designated flood zones with homeowners who also benefit from the NFIP?
The NFIP is up for congressional reauthorization but was only given a two-week extension on May 30. It will need renewing by June 14 to avoid a lapse in coverage, which may delay the sale or purchase of a new home.
Keep up with the program and the impact a lapse may have online here.
– Marty Brantley, Engel & Völkers