Florida Flood Insurance Crisis Impacts Buyers And Sellers
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The government shutdown that began on September 30, 2025, triggered a pause in the National Flood Insurance Program (NFIP), immediately halting the issuance and renewal of policies. This left buyers in FEMA-designated flood zones unable to close on homes, as lenders require active flood coverage. With no alternatives in many areas, Florida flood insurance quickly became a critical issue, stalling real estate deals across the state.
What Happened to the NFIP During the Government Shutdown?
The National Flood Insurance Program (NFIP) is a federal program that provides flood insurance to property owners in high-risk zones across the U.S. Managed by FEMA, it plays a critical role in financing home purchases in areas designated as flood-prone. Mortgage…
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