ST. PETERSBURG, Fla.,
July 19, 2018 /PRNewswire-PRWeb/ --
Wright Flood, among many other organizations, is urging Congress to
enact an immediate extension of the National Flood Insurance
Program (NFIP) before breaking for the month-long summer recess.
NFIP, which provides flood insurance to more than 20,000 high-risk
communities nationwide, is presently set to end on July 31, 2018.
As the nation's top provider of flood insurance, Wright Flood is
committed to working with stakeholders across the country to secure
the continuation of NFIP and ensure that property owners have
access to the coverage they need as we enter the peak of hurricane
season.
"It is imperative that Congress acts quickly to avoid a lapse in
the NFIP," said Patricia
Templeton-Jones, Wright National Flood Insurance Company's
President and Chief Program Advocate. "Failing to reauthorize NFIP
would not only leave millions of Americans at risk for financial
losses, but also slow down the reconstruction taking place in areas
impacted by the devasting 2017 hurricane season, and thwart
recovery efforts for any forthcoming 2018 storms."
While escalating the need for a short-term solution to ensure
home and business owners won't be left without coverage amid the
2018 hurricane season, Wright Flood also continues to advocate for
a long-term reauthorization of the NFIP. As debate continues
regarding options for reforming the program, Congress has yet to
pass a long-term extension. Instead, there have been a series of
stop-gap extensions, as well as two brief lapses in 2017 and 2018,
each of which has negatively impacted homeowners and small business
owners across the country.
"There is no disputing the urgency to pass an extension of NFIP
before the program lapses on July
31," added Templeton-Jones. "Wright Flood is hopeful that
Congress will act quickly now to protect our nation's property
owners. Then once this immediate crisis has been addressed, we
encourage Congress to prioritize the long-term reauthorization of a
program that is essential for so many American's communities."
About Wright Flood:
Wright Flood provides federal flood insurance, excess flood
coverage and private flood alternatives along with leading industry
expertise, earning an A- (Excellent) rating from A.M. Best. As the
largest flood provider in the nation, Wright Flood takes pride in
user-friendly technology, exceptional claims reputation and
providing the service that clients deserve. We think that is the
measure of the right relationship.
SOURCE Wright Flood Insurance