National Flood Insurance Program Policy Assumption Denied By Bank

The federal-backed National Flood Insurance Program (NFIP) has a unique system wherein you can actually get the existing flood policy from the seller of the house that you're buying. This is called a policy assumption.

But sometimes policy assumptions can be denied by bank or mortgage lenders.

In this video, we talk about everything you need to know when your NFIP policy assumption gets denied by your bank.