Flood Insurance Bill Signed by President in Nick of Time

In case you were wondering whether America’s federal flood insurance program was about to dry up as the page on the monthly calendar turned to October, you can sleep a little easier tonight, and for the year ahead.
President Obama has signed into law S. 3814, a bill that will extend the National Flood Insurance Program (NFIP) until Sept. 30, 2011. Without the measure, the program would have expired last night. Talk about a leaky bill. Congress had allowed the protection to lapse three times this year.
The signing comes as a relief for millions of Americans who could be affected by floods or simply wish to buy or sell a home. However, the extension only maintains the program ‘as is.’ A simple extension such as this one will not help make the program either self-sufficient or sustainable.
Those threatened by the potential disaster of flood waters hope that this one year extension will provide much needed stability and security.  What is truly needed, most claim, is an increase in maximum coverage limits and the addition of optional business interruption insurance.
For a flood of life insurance value that acts like an umbrella of protection for your entire family, we invites you to compare your current life insurance premium with a competitive quote in less than five minutes.  How much will you save?  Start with the quote request box on the right and let Efinancial protect your liquid assets.