nfip: NATIONAL FLOOD INSURANCE -- REPLY FROM SEN. HUTCHISON - 06/18/10 03:47 PM
Right now, most Americans who have real estate in flood prone areas of the U.S. are unable to renew their flood insurance under the National Flood Insurance Program, and the majority cannot find private carriers to step in and write it for them.
Congress has not renewed the program.
Those who can find a private underwriter are undoubtedly stuck with very high premiums, premiums that are too high for many to afford.
This leaves the property owners in violation of their mortgage contracts and it leaves them self-insuring any lost due to flood. 
Let's think about this for a moment.  Say … (3 comments)

 
BILL CHERRY, Broker & Wealth Coach (Bill Cherry, Realtor)

BILL CHERRY

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