Last week, the House of Representatives approved a bill reauthorizing the National Flood Insurance Program for another five years. In the bill passed by the House, language was included to take out the "flood-in-progress" clause of flood insurance policies.
As currently policies are written, a flood insurance policy must be in place at least 30 days prior to the beginning of a flood event. This is a hot topic right now with the unprecedented flooding along the Missouri River. FEMA has declared that the flood began on June 1, 2011 for Nebraska residents. If a flood insurance policy was not purchased before May 2, 2011, damage caused by this flood event will not be covered.
Several legislators in both the House and Senate have proposed to change the "flood-in-progress" rule to state that the policy must be in place 30 days before damage occurs, regardless of when the flood started.
The bill is now being considered by the Senate. We will keep you posted on the outcome.
Click here for Omaha-World Herald Article.
About Our Association
- Nebraska Floodplain and Stormwater Managers Association
- The Nebraska Floodplain and Stormwater Managers Association (NeFSMA) is an active organization of over 100 members representing over 50 organizations. NeFSMA pursues multiple purposes including: 1.)promote public awareness of floodplain and stormwater management; 2.) promote the professional status of floodplain and stormwater management and secure all benefits resulting there from; 3.) promote cooperation and information exchange between individuals and entities concerned with floodplain and stormwater management; 4.) keep individuals concerned with floodplain and stormwater management well informed through educational and professional seminars and to provide a method for dissemination of information, both general and technical; 5.) inform and educate concerned individuals of pending floodplain or stormwater legislation, funding and other related management matters. Please browse our website to learn more about NeFSMA at www.nefsma.net. If you are interested in joining, either contact one of the board members or complete the membership form.
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