Flood Insurance ‘Fix’ Needs Senate Approval

There have been a LOT of floods in the news lately. And with weather (and maybe climate) turning nastier all the time, flood insurance is more important than ever.

Realtors and the National Flood Insurance Program support a recent bill that’s passed the House and headed for the Senate. It will allow homeowners to choose between the NFIP flood insurance and private flood insurance, without suffering financial penalties for returning to NFIP.

It’s a bit arcane, but this fix was needed, and should help private insurers establish a more reasonable market for their services. Here’s the story:



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s