Congress Reauthorizes the NFIP until May 31, 2010
As anticipated, the National Flood Insurance Program (NFIP) funding has once again been extended until May 31, 2010 in the latest of a round of extensions granted by Congress until they can consider more meaningful changes to the Federal flood insurance program. This current extension through HB 4851 which was approved in Congress last night and signed into law by the President includes retroactive funding to cover the two gaps in the program - March 1-2 and March 29-April 15.
"During the lapse in the NFIP, Fidelity has been accepting new business applications and premium and taking all available steps to proactively handle flood insurance transactions as much as possible under the guidance of the NFIP and will now move forward to issue those policy transactions on hold pending the authorization", stated Fidelity VP and NFIP Program Coordinator, Patty Templeton-Jones.
Fidelity National Property and Casualty Insurance Group is the largest provider of NFIP flood policies in the U.S. The National Flood Insurance Program (NFIP), a component of FEMA, provides flood insurance in more than 20,000 communities across the United States.
For further information, contact customer service via www.fidelityonline.com Ask Live icon or via 1-800-820-3242.
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Fidelity National Property and Casualty - PO Box 33003 St Petersburg, FL 33733