You can insure your home with flood insurance for up to $250,000 for the building and $100,000 for your contents.You can protect your home, business, and belongings with flood insurance from the National Flood Insurance Program.Flood damage is not covered by homeowners’ policies.Floods are caused by storms, melting snow, hurricanes, and water backup due to inadequate or overloaded drainage systems, dam or levee failure, etc.You don’t need to live near water to be flooded.For more information on NFIP, visit the FEMA website.įacts Everyone Should Know About the National Flood Insurance Program The NFIP is self-supporting for the average historical loss year, which means that operating expenses and flood insurance claims are not paid for by the taxpayer, but through premiums collected as flood insurance policies. A study by the Multi-hazard Mitigation Council indicates that each dollar spent on mitigation saves society an average of $4. Further, homes constructed in compliance with NFIP building standards suffer less damage from floods than those not built in compliance. The NFIP, through partnerships with communities, the insurance industry, and the lending industry, helps reduce flood damage and helps to save the nation more than $1.1 billion a year in prevented flood damages. FIMA manages the insurance component of the NFIP and oversees the floodplain management aspect of the program. The NFIP is managed by the Federal Emergency Management Agency (FEMA) and the Federal Insurance Mitigation and Administration (FIMA) Directorate. National Flood Insurance is available in more than 20,000 communities across the United States and its territories.

The NFIP makes federally-backed flood insurance available in communities that agree to adopt and enforce floodplain management ordinances to reduce future flood damage. In 1968, Congress created the National Flood Insurance Program (NFIP) in response to the rising cost of taxpayer-funded disaster relief for flood victims, and the increasing amount of damage caused by floods. National Flood Insurance Program (NFIP) Information

Fema flood zone insurance rates