FEMA Extends Preferred Risk Policies for Homeowners

WASHINGTON, D.C. – August 22, 2012 – (RealEstateRama) — Today, FEMA announced the extension of the Preferred Risk Policy eligibility under the National Flood Insurance Program (NFIP) until further notice, as the Agency completes a study and analysis of the Biggert-Waters Flood Insurance Reform Act of 2012, signed into law by President Obama on July 6, 2012.