Right now, if you have a mortgage on a property in a flood zone, federal law requires you to maintain continuous flood insurance. But there's a problem: if you switch from the government's National Flood Insurance Program (NFIP) to private flood insurance, that gap in coverage—even if it's just for a few days during the switch—can be counted against you as a break in your continuous coverage requirement. This bill fixes that by saying the government has to recognize private flood insurance the same way it recognizes NFIP coverage when checking whether you've maintained continuous protection. In practical terms, this means homeowners and property owners won't be penalized for switching between government and private flood insurance options. It gives people more flexibility to shop around for better rates or coverage without worrying that a brief transition period will disqualify them from meeting their continuous coverage obligations. This is particularly important for people in flood-prone areas like Florida who are looking for ways to manage their insurance costs.

To amend the National Flood Insurance Act of 1968 to allow for the consideration of private flood insurance for the purposes of applying continuous coverage requirements, and for other purposes.