As anticipated, the National Flood Insurance Program (NFIP) funding has once again been extended until September 30, 2010 in the latest extension granted by Congress until they can consider more meaningful changes to the Federal flood insurance program.
The Senate last night passed/adopted H.R. 5569 by unanimous consent and it is anticipated to be signed into law by the President today. The bill includes retroactive funding to cover the hiatus that began on June 1 when the NFIP program was allowed to lapse.
“During the lapse in the NFIP, Fidelity has been accepting new business applications and premium and taking all available steps to proactively handle flood insurance transactions as much as possible under the guidance of the NFIP and will now move forward to issue those policy transactions on hold pending the authorization”, stated Fidelity VP and NFIP Program Coordinator, Patty Templeton-Jones.
Renewal billings that have been on hold will be sent out immediately.
Fidelity National Property and Casualty Insurance Group is the largest provider of NFIP flood policies in the U.S. The National Flood Insurance Program (NFIP), a component of FEMA, provides flood insurance in more than 20,000 communities across the United States.
For further information, contact customer service via www.fiorellainsurance.com
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