What if NFIP is Not Renewed Friday?

 December 20, 2017

 The NFIP was up for renewal in September and renewal was pushed back to December 8. Then it was pushed back to December 22, which is Friday. It is not looking like anything will happen to extend it by Friday. So what happens to coverage? FEMA has issued guidance so companies know how to proceed. The plan will have a lapse in authority, which means the WYO companies may not issue policies for new or renewal business, or increase or add coverage to existing policies.

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