Private Flood Insurance Coverage Bill
Official: To amend the National Flood Insurance Act of 1968 to allow for the consideration of private flood insurance for the purposes of applying continuous coverage requirements, and for other purposes.
This bill lets homeowners use private flood insurance to meet federal requirements for continuous coverage. It expands options for people needing flood insurance.
1. This bill allows private flood insurance to count towards continuous coverage requirements. 2. It changes how the government views flood insurance coverage periods. 3. Homeowners can use private insurance to meet federal flood insurance rules. 4. The bill aims to provide more options for flood insurance coverage.
Homeowners with flood insurance, especially those considering private options.