National Flood Insurance Program Suspended – Congress Fails to Act.
FEMA has put a HIATIS on NFIP from issuing new and renewal flood insurance as of 3/29/2010.
Any new or renewal policy effective on or after 03/29/2010 will not be issued until the Hiatus is lifted. IF the hiatus is lifted retroactive all policies will be issued/renewed with the date requested. If the Hiatus is not lifted retroactive then all policies will be issued/renewed with the date the hiatus was lifted.
All policies should be returned paid in full to NFIP they will hold and issue accordingly. If the hiatus is not lifted within a “reasonable amount of time” they will return applications and payment to insured.
If you would like to read more about this hiatus please go to www.nfsmt.com.
Brenda J. Lando, CISR, AIAM
Personal Lines Manager
Downey Insurance Group
Marlborough, MA–Keene, NH–Brattleboro, VT