More than 5.5 million households depend on the National Flood Insurance Program as their main source of protection against flooding, the most common natural disaster in the U.S.. That program in late September averted a last-minute lapse when Congress Ok'd a one year extension, expiring September 30th. 2011. NAR is now asking lawmakers to pursue long - sought reforms to the program, including raising coverage limits and adding new coverage for living expenses, business, interruptions, and replacing lost items. By law flood insurance is required for those seeking to obtain federally related mortgage loans in nearly 20,000 communities. The National Association of Realtors would like to have it extended for 5 years instead of single year extensions. For more info contact me @ findit@LehighValleyRealty.com.
