Texas Insider Report: Washington DC Rep. Gene Green (TX-29) voted to help American families affordably protect their homes from flooding. The Flood Insurance Reform Priorities Act will extend the National Flood Insurance Program (NFIP) for five years and reform the program by expanding coverage and providing homeowners with more control over their insurance.
Our area heavily relies on the National Flood Insurance Program" said Rep. Green. These common sense reforms will provide protection to more families in our area more affordably."
More than five million homes and businesses currently rely on the NFIP which is the primary source of reliable and affordable flood insurance coverage. This bill secures the long-term viability of the program by encouraging participation increasing financial accountability and eliminating unnecessary premium subsidies for the next five years.
This reform bill updates the NFIP established over 40 years ago to meet the needs of the 21st century. It raises maximum coverage limits for the first time since 1994 providing a stronger safety net for families threatened by flooding. The bill also provides families with greater flexibility and options by allowing them to pay for flood insurance in installments creating the office of the Flood Insurance Advocate to protect and assist policyholders and delaying the mandatory requirement to purchase insurance for five years in areas only recently declared as a flood zone.
The Flood Insurance Reform Act has been endorsed by numerous organizations including the National Association of Realtors the National Association of Homebuilders the American Insurance Association the Property Casualty Insurers Association and the Independent Insurance Agents and Brokers of America.
Texas Insider Report: Washington DC Rep. Gene Green (TX-29) voted to help American families affordably protect their homes from flooding. The Flood Insurance Reform Priorities Act will extend the National Flood Insurance Program (NFIP) for five years and reform the program by expanding coverage and providing homeowners with more control over their insurance.
Our area heavily relies on the National Flood Insurance Program" said Rep. Green. These common sense reforms will provide protection to more families in our area more affordably."
More than five million homes and businesses currently rely on the NFIP which is the primary source of reliable and affordable flood insurance coverage. This bill secures the long-term viability of the program by encouraging participation increasing financial accountability and eliminating unnecessary premium subsidies for the next five years.
This reform bill updates the NFIP established over 40 years ago to meet the needs of the 21st century. It raises maximum coverage limits for the first time since 1994 providing a stronger safety net for families threatened by flooding. The bill also provides families with greater flexibility and options by allowing them to pay for flood insurance in installments creating the office of the Flood Insurance Advocate to protect and assist policyholders and delaying the mandatory requirement to purchase insurance for five years in areas only recently declared as a flood zone.
The Flood Insurance Reform Act has been endorsed by numerous organizations including the National Association of Realtors the National Association of Homebuilders the American Insurance Association the Property Casualty Insurers Association and the Independent Insurance Agents and Brokers of America.
