How You Can Help Extend Flood Insurance

June 19, 2018

The National Association of REALTORS® issued a call for action on Monday urging REALTORS® to contact their lawmakers and ask for an extension on the federal flood insurance program before it expires July 31. 

The National Flood Insurance Program—which provides flood insurance to more than 5 million homeowners in 22,000 communities—is set to lapse at midnight on July 31, in the midst of hurricane season. Existing policy holders will retain coverage, but no new policies will be able to be written unless Congress renews it. Also, home buyers whose lenders require flood insurance would be unable to close on the purchase of the home if private flood insurance is unavailable in their area.


Federal law requires buyers in certain flood-prone areas to have a policy. Private insurance is unavailable in many high-risk areas. As such, the federal program is the only option for some homeowners.


Congress has enacted six short-term extensions of the NFIP since September 2017. In the summer of 2010, Congress let the NFIP lapse for a month. During that time, an estimated 1,400 home sale closings were canceled or delayed each day, according to the National Association of REALTORS®.


REALTORS® can use a prewritten letter template to email their legislators at