Partial Government shutdown begins to impact flood insurance and home buying
According to Fox News, over 800,000 Americans are living without a paycheck. That number includes the people who work at FEMA, which recently posted this on their website.
If you already have flood insurance and have a claim, don’t worry because this will not affect you (yet?)
However, this is very troubling news for those who are currently buying a home.
Getting new flood insurance during the government shutdown is not going to happen as long as FEMA is out of work.
After such a hard hitting hurricane season, the effects of the government shutdown could be a real blow to many families living in the Carolina's, Florida and Georgia.
And it’s not just affecting flood insurance,it's starting to hit the entire U.S. Economy.
There is no way to know exactly when the government shutdown will end. One thing is for certain, If you are in the market to buy a home in a flood zone, be prepared to wait.