House Passed an Extension for Federal Flood Insurance

The United States Senate has passed the National Flood Insurance Program Extension Act of 2010 (H.R. 5569) an extension of the National Flood Insurance Program until September 30, 2010. This will allow pending transactions to move forward.  For those homeowners that have not been able to renew or get new flood insurance, check with your local insurance provider for information.  If you are worrided about the lapse in time that you haven’t had coverage, the bill is retroactive and covers the lapse period from June 1, 2010 to the date of enactment of the extension.