Shutdown Could Leave Homebuyers Without Flood Insurance: NAR

The shutdown could cut off a measure that included an extension to the National Flood Insurance Program, according to an analysis.

A car rives though the flooded street after Hurricane Milton, in Punta Gorda, Fla., on Oct. 10, 2024. Chandan Khanna/AFP via Getty Images

Potential homeowners seeking to buy in high flood-risk areas of the country could be forced to proceed to their closings without flood insurance.

An analysis from the National Association of Realtors (NAR) indicates that Congress’s failure to meet the Sept. 30 deadline to pass the national budget could adversely affect a measure that included an extension to the National Flood Insurance Program (NFIP).