The last short term extension of the National Flood Insurance Program that was passed is set to expire on November 18th. Unless another short term or long term solution is passed by both the Senate and the House we will not be able to effect new flood insurance policy’s until a solution is passed.
If you have been putting off getting a flood insurance policy now is the time to do it. Watching the pace that the house and senate have been operating at, it is anyone guess when they will get this resolved. This hold up will be very inconvenient for many people. Anyone trying to secure Vermont Homeowners Insurance in their new home that requires flood insurance will have a very hard time doing so. Also mortgagee companies in Vermont may not allow a loan to close on a home in a flood zone without this coverage.
If you currently have Vermont Homeowners Insurance and you think you need a flood insurance policy call us today to get the process started. All applications and deposits have to be processed before November 18th 2011 to meet the expiration deadline.
After the recent flooding that took place in VT you do not want to risk missing out on the protection you need. Your Vermont Homeowners Insurance policy will not cover your home or property for flood insurance.