Posted By Alan Donald @ Apr 23rd 2010 11:33am In: Insurance
Federal funding for the National Flood Insurance Program expired back in February, and Congress has let it lapse several times this year.
Last week Congress passed (and President Obama signed) a 2-month extension for this program, which is essential to get FLOOD INSURANCE for homes.
The flood insurance program is administered by FEMA and Congress needs to appropriate funding to extend its funding. But since they have been busy with other topics (and their 2-week vacation!), Congress has let it lapse several times this year, patching up the hole with temporary extensions.
Right now, if you wish to purchase flood insurance, you will only be able to do it until May 21st.
Let's hope that the our legislators get their act together once and for all!
Tags: legislation, insurance, flood insurance, fema
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