Automatic Extension of National Flood Insurance Program
This act introduces an automatic extension mechanism for the National Flood Insurance Program (NFIP). This means flood insurance policies, claims processing, and program operations will continue without interruption, even if Congress doesn't pass a new extension law in time. It ensures continuous protection for property owners in flood-prone areas.
Key points
The flood insurance program will automatically extend to prevent lapses in coverage.
Existing policies, terms, and claims payments will continue unchanged during an automatic extension.
Provides stability for individuals and businesses relying on flood insurance, protecting them from flood impacts.
Status:
Introduced
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