The National Flood Insurance Program (NFIP) has been extended until September 30, 2020. This marks the 15th extension (and longest) in about two years. The NFIP had been set to expire on December 20, 2019.

The National Association of REALTORS®  supports and continues to push for a long-term authorization of the NFIP along with meaningful reforms to improve the program.

Another extension as part of the same funding bill was the reauthorization of the Terrorism Risk Insurance Program for seven years. Terrorism risk insurance is often required to secure necessary financing for commercial transactions. Posted 1/17/2020