The National Flood Insurance Program (NFIP) has lapsed and is no longer writing new policies or increasing coverage on existing policies. Existing policies are still in force. In addition, NFIP will not be allowed to renew policies that expire after May 31 until the program is reauthorized by Congress.
The lapse in the program is the result of Congress’ failure to reauthorize the program when its legislative authority expired on May 31, 2010.
NAHB is aggressively lobbying Congress to reauthorize the program.