Flood Insurance Program Extension

Legislation that would extend the National Flood Insurance Program (NFIP) through March 31, 2010, was introduced in the House late last week. The NFIP is currently set to expire September 30, 2009. Check out  a July 10 online article at Insurance Journal  for more on this story. At the end of 2008, the NFIP had some 5.7 million policies in force. The average premium for an annual flood insurance  policy is around $542, yet a 2008 poll by the I.I.I. found that only 17 percent of Americans have a flood insurance policy. Check out I.I.I. facts and stats on flood insurance.

One thought on “Flood Insurance Program Extension”

Leave a Reply

Your email address will not be published. Required fields are marked *