NFIP Expiration Would Impact 500,000 Louisiana Homeowners
In about two weeks, the National Flood Insurance Program (NFIP) is set to expire, and its end could leave some 500,000 homeowners in Louisiana without coverage for flood damage.
When it was originally set to be discontinued last year, the US Senate voted in October in favor of maintaining the NFIP, extending its reauthorization to September 30, 2021.
At that time, it was hoped that the extension would lead to more funding and reforms for the program.
Without another extension and the deadline fast approaching, the program faces cancelation once more. Local news outlet KLFY reported that should the NFIP discontinue, 500,000 Louisiana citizens would lose flood coverage.
‘Louisiana is the most dependent on the National Flood Insurance Program compared to any state in America,’ said Louisiana Insurance Commissioner Jim Donelon.