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National Flood Insurance Plan Extends 6 months by Congress

National Flood Insurance Program

The National Flood Insurance Program was developed by congress address both the need for flood insurance and the need to lessen the devastating consequences of flooding.

The program was set to expire today September 30th 2008 but was passed earlier this week for another 6 months by the House of Representatives and must still be signed by President George W. Bush.

This is a temporary measure due to the simple fact of not coming to a permanent agreement in whether we need to add wind coverages to flood insurance and finding a solution to the programs debt.

The National Flood Program is a federal law that requires you to get Flood Insurance if you are in a FEMA classified Flood Zone.

Below are the following Flood Maps for the Tidewater area:

Suffolk flood map

Chesapeake flood map

Norfolk flood map

Portsmouth flood map

Virginia Beach flood map

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Posted by Justin Williams - Loan Officer on 09/30/2008 10:42 PM

Comments (4)

Fema in the Real Estate Market Channel

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4 Comments on National Flood Insurance Plan Extends 6 months by Congress

OCT

2008

Interesting that you have to have it, the government is the only one that provides it, and they aren't sure if they are going to continue? That sounds like our Congress at work, doesn't it?

Glad they extended it or we would have many closings delayed in our area!

Tina in Virginia

OCT

2008

@ Fred - Very interesting indeed my friend and it is absolutely right up the alley of our good ele congress :) Thanks for commenting buddy

@ Tina - You betcha! Thanks for stopping by

AUG

Good evening. A large income is the best recipe for happiness I ever heard of. I am from Czech and learning to speak English, tell me right I wrote the following sentence: "The inside scoop on cash advance loans." With love :-), Kelda.

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