Flood Insurance Program Frozen | Centers And Squares

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As a Cambridge real estate agent, the city squares of Cambridge, Somerville and Medford and the town centers of Arlington, Watertown and Belmont, Massachusetts are my home turf. And as a lifelong New Englander who’s lived within twenty miles of Boston most of my life, I can introduce you to other nearby towns as we search for your new home. If you’re planning to sell your home in Cambridge, MA or nearby you’ll find plenty of info about the home selling process here too. Questions? Send me an email or call me at 617-504-1737.

Flood Insurance Freeze

Over the RiverSeems like flooding’s been on everybody’s mind lately with all the rain we had in Massachusetts.  Coincidentally, there’s a freeze in the flood insurance program right now.

Most flood insurance policies are issued through the National Flood Insurance program since private coverage is often exorbitant. The  NFIP was up for renewal at the end of March but Congress went on recess on March 26th without renewing the program.  The program is on hiatus and no new policies can be issued before Congress extends the program after reconvening on April 12th.

Real estate buyers who are closing on a home or refinancing a property that requires flood insurance won’t be able to obtain coverage until the program is reintated.  No insurance – no closing. 

The City of Cambridge website has more information about the recent redrawing of floodplain maps in Cambridge.

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