Colorado Association of REALTORS | National Flood Insurance Program
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National Flood Insurance Program Tag

What a Government Shutdown Means for REALTORS®

(As of January 10, 2019)   As of midnight on December 21, 2018, the President and Congress were unable to agree on the provisions of a Continuing Resolution (CR) to fund the federal government. As a result, a partial shutdown of some government operations has occurred. This partial shutdown includes some federal housing, mortgage, and other programs of interest to the real...

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Breaking News: Flood Insurance Extension Passes Overwhelmingly

In a big win for REALTORS®, the National Flood Insurance Program will continue renewing or issuing new insurance for four more months under legislation overwhelmingly by the U.S. Senate today. The bill, which cleared the House last week, is expected to be signed into law before midnight tonight, when the program expires.   "We applaud lawmakers for taking this needed action to...

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Many Owners Lack Sufficient Insurance to Cover Disasters

Many homeowners have limits on their home insurance policies that are too low to cover the full cost of repairing or rebuilding in case of a natural disaster—and the problem is particularly alarming in areas at risk of hurricanes and flooding, The Wall Street Journal reports.   Catastrophic damage left in the wake of Hurricanes Harvey, Irma, and Maria last year revealed a widespread...

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NAR Call For Action: Reauthorize the National Flood Insurance Program

Click here to take action and urge Congress to extend the NFIP and pass meaningful reforms to ensure long-term viability of the program.   The National Flood Insurance Program (NFIP) will expire on July 31, denying necessary insurance coverage to homeowners and buyers in more than 20,000 communities nationwide. Congress must act now to reform and extend the NFIP.   Standard homeowners insurance policies cover wind...

National Flood Insurance Program Extended

On Thursday, September 7, the Senate voted to pass a three-month extension of the National Flood Insurance Program (NFIP). The House of Representatives passed the legislation on Friday, September 8, 2017, and the President signed the bill into law later that day.   This legislation ensures that the NFIP will not lapse on September 30, 2017, and will be extended until December...