Congress bought more time with another short-term extension. Meanwhile, Risk Rating 2.0 glide-path increases of 10-18% are hitting millions of policyholders. Here's what you need to do before the next deadline.
The National Flood Insurance Program has been extended through September 30, 2026 — averting another lapse that would have frozen new policies and disrupted real estate transactions in flood-prone areas. But the extension is a Band-Aid, not a fix. Risk Rating 2.0 continues its glide-path implementation, raising premiums by up to 18% per year for properties whose full actuarial rate exceeds their current premium. For millions of homeowners, flood insurance costs are climbing steadily with no ceiling in sight. Understanding your options — including the rapidly growing private flood insurance market — has never been more urgent.
The National Flood Insurance Program has been extended through September 30, 2026 — averting another lapse that would have frozen new policies and disrupted real estate transactions in flood-prone areas. But the extension is a Band-Aid, not a fix. Risk Rating 2.0 continues its glide-path implementation, raising premiums by up to 18% per year for properties whose full actuarial rate exceeds their current premium. For millions of homeowners, flood insurance costs are climbing steadily with no ceiling in sight. Understanding your options — including the rapidly growing private flood insurance market — has never been more urgent.
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