To amend the National Flood Insurance Act of 1968 to allow for the consideration of private flood insurance for the purposes of applying continuous coverage requirements, and for other purposes.
Source: Congress.gov ·
319 words in original text
What This Bill Does
This bill changes how the government counts flood insurance coverage when checking if property owners have continuous coverage. It allows the government to count private flood insurance (insurance sold by private companies) the same way it counts flood insurance from the national flood insurance program.
Who It Affects
Property owners with flood insurance coverage and the federal agency that manages the national flood insurance program.
Key Provisions
• The government must count periods when a property had continuous private flood insurance coverage as periods of continuous coverage, the same as coverage from the national flood insurance program (Sec. 1).
• This change applies to any government requirement about continuous flood insurance coverage (Sec. 1).
What Changes
Private flood insurance will now count toward meeting continuous coverage requirements. Previously, only flood insurance from the national flood insurance program would count.
Important Definitions
Continuous coverage means a property had active flood insurance without a break in protection.
Effective Date
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only.
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