Flood Insurance Expires - Again!

For the third time this year, Congress failed to fund the Flood Insurance and COBRA subsidies programs beyond their last temporary extension, and both programs have expired as of 12:01 am, June 1st. Congress is scheduled to return from its Memorial Day recess on June 7, and hopefully will work on a retroactive extension at that time.
 
In the case of flood insurance, the expiration means that there can be no new policies or renewals until an extension is passed. However, companies have been directed to pay all claims for policies in force. For a more detailed explanation of how flood funding works and what the insurance companies responsibilities are when it comes to writing flood insurance, visit our blog at http://blog.mylandlordinsurance.com