National Flood Insurance Program Expires in Under 2 Weeks

National Flood Insurance Program - Hourglass - Time

The last day for the program will be July 31st unless Congress changes or renews it. The National Flood Insurance Program (NFIP), which covers five million homes against the risk of flooding, is about to expire. In fact, in under two weeks, on July 31, the program will come to an end unless Congress acts to extend it. Congress could renew it as-is or could attempt to agree to change it, but they’re running out of time. If the National Flood Insurance Program is not renewed, those with coverage will…

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Homeowners insurance rates fall in the US

Homeowners Insurance Rates

Average cost of insurance coverage is falling Homeowners insurance in the U.S. may be on its way to becoming more affordable, according to data from HomeInsurance.com’s RateReport. Over the past few years, homeowners coverage in the U.S. has been considered a problematic issue because of its costly nature. Those located in coastal communities tend to pay more for their coverage due to their exposure to natural disasters. Recent climatic events, such as the so called Polar Vortex, have also had some impact on the insurance market, but that impact may…

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