What is NFIP and why is it important?

Luke Fleck - 01/17/2021

The National Flood Insurance Program (NFIP) protects Minnesota’s homeowners and REALTORS®.  Minnesota’s Realtors® must act to protect, reauthorize and modernize the National Flood Insurance Program.

NFIP is a vital program for homeowners in Minnesota and is essential to the success of Realtors® locally and nationally. NFIP provides homeowners in flood-prone areas much-needed access to flood insurance coverage, which is often required to obtain a mortgage in these areas.

Historically, each month that NFIP lapses, 40,000 property sales nationally – and many here in Minnesota – are at risk, threatening the ability for people to buy homes, and for Realtors® to earn a living. This fact alone should convince real estate professionals of the importance of NFIP.

A successful NFIP will help protect homeowners, ensure that people can successfully buy and sell homes, and ensure Realtors® are able to earn commissions.

Featured Content

4 Places To Get Ice Cream On National Ice Cream Day

Read More

Twin Cities Median Sales Price Hit Milestone $350,000

Buyers faltered for the first time in twelve straight months of increased demand.

Read More

Time for a few more CE Credits

Tune into SPAAR’s course offerings for CE Credits to stay compliant or simply to take advantage of topics offered.

SEE OUR COURSES