Another Short-Term Extension for the NFIP: Consider Greater Stability and Options of Private Flood Insurance

30 September 2019

Congressional leaders once again narrowly prevented the National Flood Insurance Program (NFIP) from lapsing, passing legislation to extend the Federal Emergency Management Agency (FEMA) program until November 21. The move was part of a continuing resolution signed by President Trump to extend current funding levels and prevent a federal government shutdown.

The short-term reauthorization of the NFIP, which provides coverage for more than 5 million homeowners, represents yet another temporary extension for the program without meaningful reforms. Since the NFIP’s last long-term authorization expired in September 2017, the program has been extended 12 times. In addition, it has lapsed twice since 2016.

While many lawmakers have been vocal about the need for wholesale reforms, questions remain as to whether Congress will have enough time to make the NFIP a priority in the final quarter of 2019. Any potential lapse in the program poses significant concerns for both lenders and insurance providers, as they strive to ensure that their customers have coverage, whether mandated by law or a preference to protect their assets.

Contact us today to learn why private flood insurance may be a better option for you and your clients. Email us at or visit our website to learn more about WNC’s comprehensive flood offerings.

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