While most areas of Montgomery County, TN and Christian County, KY sit at a high enough elevation that major flooding isn’t a problem, for those who do live in a flood plain, Friday was a significant day.
That was because the Senate adjourned last Friday without extending the National Flood Insurance Program. This lapse came as the result of a House bill that would have kept the program in place until April 30 failing, due in large part to a number of other included, but unrelated provisions that could not be agreed upon.
There are currently bills in both the House and Senate that would extend the NFIP until Dec. 31, however for the time being the NFIP has lapsed. Those who already possess flood insurance under Federal Emergency Management Agency guidelines will retain their coverage, however it has yet to be seen what will happen when a transaction requires flood insurance but it is unavailable.