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Due to the partisan stalemate, the federal flood insurance program's authority to write new policies ended on March 28 at midnight. Insurance agents have not been able to provide new or renewal flood insurance policies, which are required by lenders to close on some real estate sales.

What this means for homeowners: If you are required by the state to have flood insurance, you will not be able to close until the senate takes action on this issue. 

Please stay tuned for further updates.
Posted 7:13 PM

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