For half a century, a federal program has covered most at-risk properties. Now, a private company is pitching a plan to ...
The National Flood Insurance Program (NFIP), which insures nearly 5 million properties across the U.S., has officially lapsed following the government shutdown. As of midnight on Sept. 30, FEMA can no ...
If the government shuts down as expected on Wednesday, the National Flood Insurance Program (NFIP) will no longer be able to issue new policies or renewals, which could cause headaches for homeowners ...
No new or renewed policies during the lapse; FEMA says valid claims will still be paid with available funds. NAR estimates about 1,300 property sales per day—roughly 40,000 closings a month—could be ...
NEW ORLEANS — Louisiana could be hit especially hard if the National Flood Insurance Program (NFIP) is allowed to expire at the end of the month. The program, which provides federally backed flood ...
The National Flood Insurance Program (NFIP) cannot issue new flood insurance policies during a government shutdown. Existing NFIP policies remain valid if issued on or before September 30, 2025 and ...
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Government Shutdown Freezes National Flood Insurance Program: What Homeowners and Buyers Need to Know
Did you know that because of the government shutdown, FEMA's National Flood Insurance Program is not available to new customers or people who want to increase their coverage? On March 15, Congress ...
For more than a month, a lapse in funding froze Americans’ largest provider of flood insurance. The National Flood Insurance Program, which accounts for 90% of all U.S. flood policies, often couldn’t ...
Funding authorization for a federal program providing flood coverage to millions of Americans across the country is set to expire on September 30, unless Congress extends it before the looming ...
Mortgage lenders require flood insurance on homes in certain FEMA-designated flood zones. Typically, the coverage requirement is either the full replacement cost of the home, the maximum amount ...
Recovery efforts in Washington underscore the need for alignment between NFIP's mandate framework and FEMA's modernized risk assessment model. Updating mortgage requirements to reflect individualized ...
With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...
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