NAR Call for Action: REALTORS® urge flood insurance action and reform
The National Flood Insurance Program (NFIP), which assists homeowners in areas subject to flooding, is set to expire on September 30, 2017. The National Association of REALTORS® is urging every member to contact his/her Member of Congress to pass H.R. 2874, which will re-authorize and reform the current program.
REALTORS® can respond to this “call for action” with a pre-written email quickly and easily by clicking here.
H.R. 2874 reauthorizes the NFIP and makes a number of critical improvements to the NFIP including increased funds for mitigation activities, caps on overall premium increases, improved claim and mapping processes, as well as removing hurdles for more private market participation in the flood insurance market.
The NFIP is important to many housing markets in King County and Western Washington that are identified within national flood mapping areas.