Have You Heard About the Recent Changes to the National Flood Insurance Program?
Posted by Anthony Licciardello on
The National Flood Insurance Program has been around for quite some time. Recently, however, with storms coming in stronger each year, there have been an increasing number of homeowners putting in claims from these disasters. Since not all of the homeowners that put in claims had flood insurance, this put a burden on taxpayers’ money to create federal assistance programs to help fix the damaged homes.
The National Flood Insurance Program was originally passed by Congress in 1968. This program makes flood insurance accessible to homeowners, renters, and business owners in areas where the program was adopted—New York City being one of them. With the National Flood Insurance Program adopted, it helped many looking for flood insurance to be able to buy…
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