House extends flood insurance … for six weeks

Good news? Sort of. The House passed a six-week extension for the National Flood Insurance Program and President Obama signed it. So flood insurance will be available until November 18.

That’s a start, but barely. Quoth NAR President Ron Phipps:

“The National Association of Realtors(R) is pleased that a continuing resolution passed by Congress today included a short-term extension of the National Flood Insurance Program, but still believes a longer term extension is needed to ensure access to affordable flood insurance for millions of homeowners.

VAR and NAR both want to see that long-term plan for the program — at least five years. That will help reduce how often Congress needs to bicker over an extension, and keep sales from stalling for lack of flood coverage. It looks as though that might happen, too, but for now we’re stuck with a Band-Aid. And a small one at that.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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One Response to House extends flood insurance … for six weeks

  1. Yes it is nothing but a samll band-aid. We need to keep the pressure on so that thousands are not left out in the cold.

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