NFIP Extends Grace Period to 120 Days on Flood Insurance
The National Flood Insurance Program (NFIP) is part of FEMA. We have been notified by NFIP that they are extending the grace period to renew flood insurance policies from 30 days to 120 days. This is due to the global COVID-19 crisis. Here is their statement:
FEMA continues to take proactive steps to address the COVID-19 pandemic. To help serve its National Flood Insurance Program (NFIP) customers who may be experiencing financial hardships, the agency is extending the grace period to renew flood insurance policies from 30 to 120 days.
FEMA understands due to the widespread economic disruption arising from this pandemic, policyholders may not meet the standard deadline for renewing their policies. This extension will allow additional time for policyholders who may be struggling financially to pay insurance premiums and ensure their policies are not cancelled for nonpayment of premium due to circumstances beyond their control.
If you have any questions, please call the Fuller Insurance Team at 850-622-5283.