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The National Flood Insurance Program provides insurance to help reduce the socio-economic impact of floods. The National Flood Insurance Program (NFIP) is managed by the FEMA and is delivered to the public by a network of more than 50 insurance companies and the NFIP Direct.
How to buy: Up to $250,000 in building coverage and up to $100,000 in contents coverage for single-to-four family residential structures. You can buy flood insurance by contacting your insurance company or agent.
Flood Insurance Rules and Legislation. Congress established the National Flood Insurance Program (NFIP) with the passage of the National Flood Insurance Act of 1968. Since the inception of NFIP, additional legislation has been enacted.
Here are some of the most common myths and facts about flood insurance and the NFIP. MYTH: You can’t buy flood insurance if you are located in a high-risk flood area. FACT: You can buy federal flood insurance no matter where you live if your community participates in the NFIP.
FEMA’s National Flood Insurance Program is a federal program enabling property owners in participating communities to purchase flood insurance as protection against flood losses while requiring state and local governments to enforce floodplain management ordinances that aim to reduce flood damage.
The FEMA Flood Map Service Center (MSC) is the official online location to find all flood hazard mapping products created under the National Flood Insurance Program, including your community’s flood map.
These examples show the cost of flood insurance for single-family homes under NFIP’s pricing approach, using data from single-family policies in-force as of August 31, 2023. Learn more about the switch from the legacy rating method to NFIP’s pricing approach.
With flood danger a continual threat and potential repairs financially devastating, flood insurance can help you recover faster and more fully. Flooding from Hurricane Zeta in 2020 resulted in 835 flood insurance claims being filed by Mississippi homeowners, business owners and renters who have flood insurance.
Myth: You can’t buy flood insurance if you live in a high-risk flood area. Fact: You can buy federal flood insurance no matter where you live if your community participates in the NFIP. Myth: Disaster assistance is the same as flood insurance.
The NFIP was created to reduce the impact of flooding on private and public structures by providing affordable insurance to property owners and by encouraging communities to adopt and enforce floodplain management regulations. FEMA assistance is not meant to replace insurance.