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re: National Flood Insurance Program set to expire in 2 weeks

Posted on 7/20/18 at 2:18 pm to
Posted by LSUsmartass
Scompton
Member since Sep 2004
82437 posts
Posted on 7/20/18 at 2:18 pm to
So it won't affect current homeowners with flood policies? Even when it comes time for renewal?
Posted by Tiger Prawn
Member since Dec 2016
22606 posts
Posted on 7/20/18 at 2:37 pm to
quote:

So it won't affect current homeowners with flood policies? Even when it comes time for renewal?


Renewals are sent out 60 days prior to renewal date and will continue being sent out as normal until the NFIP lapses. Once your renewal invoice is sent out, you can still renew even if your renewal date is after the lapse.

However once the NFIP lapses, renewal billing will stop until the program is reinstated. So the earliest renewals that would be affected would be renewal dates 60 days or more after the NFIP lapse date.
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