Call for Action: Reauthorize the National Flood Insurance Program (NFIP)

Call for Action: Reauthorize the National Flood Insurance Program (NFIP)The National Flood Insurance Program (NFIP) will expire on July 31, denying necessary insurance coverage to homeowners and buyers in more than 20,000 communities nationwide. Congress must act now to reform and extend the NFIP. 

As the leading advocate for private property rights and housing issues, NAR supports long-term reauthorization and reform of the National Flood Insurance Program before it expires on July 31.

America’s 1.3 million REALTORS value the NFIP as a critical tool to help protect homeowners and ensure access to affordable flood insurance. In fact, as flood insurance is required for a mortgage across 22,000 communities in America, a prolonged lapse in authority could jeopardize the sale of up to 40,000 homes per month in the United States.

While every day brings us closer to NFIP expiration, the urgency of its reauthorization is not new to Congress or anyone reliant upon the flood insurance program. 



KYR is offering the chance to win a FREE registration to the KYR Annual Convention in Louisville this September, valued at $139. Any member who participates in this CFA will automatically be entered to win, and the winner’s name will be drawn at random at the conclusion of the CFA. Also, you can help your board win too. KYR is offering $100 gift cards in each of the board categories (small, medium, and large) with the greatest member participation in the CFA.

  • Over the last 40 years, Kentucky experienced over $328 million in paid out damages for flooding. This included 23,898 total losses.
  • Kentucky has almost 21,000 homes that maintain flood insurance and owners pay almost $20 million in premiums. 
  • Kentucky home owners have over $3.5 billion in flood insurance coverage on properties across the state.
  • Since 2008, NFIP has been extended 23 times and shut down for a combined period of 2 months.
  • More than 5 million Americans in 22,000 communities nationwide rely on the National Flood Insurance Program (NFIP). 
  • Floods are not just coastal issues. In fact, floods accounted for 73% of federal disaster declarations between 2008 and 2017. 
Why renew NFIP?

Flood insurance isn’t just for coastal properties – inland areas flood, too. And if the NFIP lapses, up to 40,000 transactions per month could be affected. 

The National Association of REALTORS® supports several revisions to the program: 

  • Reauthorizing and gradually strengthening the NFIP so it’s sustainable over the long run
  • Encouraging the development of private market options to offer comparable flood insurance coverage at lower cost than NFIP
  • Providing federal assistance to high-risk property owners, including guaranteed loans, grants, and buyouts to build to higher standards and keep insurance rates affordable
  • Providing fair flood insurance rates that better reflect the property’s flood risk
  • Improving flood map accuracy so fewer property owners have to file expensive appeals


In addition to participating  in the Call for Action, we are asking for your help in promoting this to other members. 

 Help Kentucky reach a 20% response rate so our voice is heard on this important issue

  • Click here for the NFIP Resource page
  • Click here for the CFA Toolkit
  • Click here for the REALTOR Action Center Facebook page that includes shareable graphics and information
  • Click here for communication materials and talking points
  • Click here to find out how Kentucky is doing compared to other states
  • Click here to find out how your local association is doing compared to others in Kentucky

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Call for Action: Reauthorize the National Flood Insurance Program (NFIP)