The National Flood Insurance Program (NFIP) is back in business!
Lost in all the noise about the Government Shutdown is the fact that the National Flood Insurance Program (NFIP) expired over the weekend.
Last Saturday torrential rains caused flash flooding along parts of the North Shore, including Lynn. Many cars, homes and businesses were impacted.
Recently a number of our clients have received letters from their mortgagees informing them that their homes have been reclassified as being in high risk flood zones. That’s the bad news.
As a result of the turmoil caused by FEMA redrawing the coastal flood maps the Massachusetts Legislature passed and the Governor signed a new law designed to give MA residents some premium relief.