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Got flood insurance?

Posted: 2 pm ET

If you own one of the 5 million U.S. homes and businesses required to carry flood insurance under the National Flood Insurance Program, or NFIP, you may soon breathe a sigh of relief if the progress made recently on Capitol Hill toward a five-year flood insurance extension bears fruit.

One of the more heartburn-inducing aspects of flood insurance for consumers has been the propensity of Congress to fiddle around with short-term program extensions, leaving homebuyers, sellers, Realtors and insurance agents in a bind during lapses in authorization.

Flood insurance is required before a home in a designated flood zone can be sold. When NFIP authorization expires, policies cannot be written, which short-circuits home sales across the country.

But there's hope. The House Financial Services Committee recently green-lighted the Fl... http://la-insurance.ucoz.com/news/flood_insurance_agents/2013-06-13-3100