Expiration of the National Flood Insurance Program

 In Arvada Insurance Agency

What would you do if your flood insurance was cancelled overnight?

What if it was through no fault of your own and was caused by YOUR elected officials?

The current authority period of the National Flood Insurance Program (NFIP) expires at the end of this month: September 30th, 2011.  If this program expires, YOU may be left without flood insurance protection.  Certain members of congress are working to reauthorize the program and allow it to continue operating normally.  If it is not reauthorized in time, the program will officially lapse at 12:01AM on October 1st, 2011.  If this occurs, you will not be able to renew, make changes to, or increase coverage limits to your policy during the program lapse. 

If you are concerned that your current or pending flood insurance policy is to be effective after the 1st of October, please make sure to call your agent.  Make sure you work to process all changes and pay any required premiums prior to this date.  Once premiums have been paid and/or coverage changes have been made, they will not be affected by the lapse unless it were to continue for a significantly longer period of time than it has in the past. 

As independent insurance agents in Colorado, we also have access ot other flood insurance products that are not issued by the NFIP.  Should you be adversely affected by our government’s inability to renew the program, please contact our office in Arvada.  We are glad to discuss your other options and help you obtain a new policy as quickly as possible.

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