Monday, March 1, 2010

National Flood Insurance Program Expired

The U.S. Senate failed to extend the National Flood Insurance Program past its February 28th deadline according to the Delaware Association of Agents & Brokers (DAIAB). Failure to extend this program prevents issuance of new flood policies, increasing coverage or renewing existing policies.

It is anticipated by DAIAB that the Senate will reinstate the program retroactively as early as next week.

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