Flood Insurance Archive

How Many Home Sales Will be Affected by a NFIP Lapse?

The National Flood Insurance Program (NFIP) must be periodically reauthorized by Congress in order to continue issuing or renewing flood insurance policies.  In 2010, multiple lapses in program authority brought uncertainty and caused major issues for homeowners in neighborhoods...

Lapses Of The National Flood Insurance Program Jeopardize Home Sales

The National Flood Insurance Program (NFIP) is essential to successfully completing half a million home sales annually. When NFIP lapsed from May 31 to July 2 in 2010, the REALTORS® Confidence Index showed 6 percent of REALTORS® had at...