The National Flood Insurance Program (NFIP), which was authorized through January 19, 2018, was not reauthorized by Congress and has lapsed.
Existing Policies remain in force. NFIP insurers can pay claims on in-force policies during a lapse.
The NFIP is not authorized to issue new contracts for flood insurance received or requested during a lapse. During such period, the NFIP will have limited ability to issue:
• New policies, including those obtaining mortgages from federally regulated lenders;
• Increased coverage on existing policies, including property owners refinancing existing mortgages; and
• Renewal policies.
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Winter is coming!
Winter can be a risk to business operations. Use our Winter Preparation Guide to be sure your business is ready: