Coverage against flooding for personal and business property provided under the National Flood Insurance Act of 1968. The NFIP encourages private insurers to participation in the program through an industry flood insurance pool of private insurers in cooperation with the U.S. Department of Housing and Urban Development (HUD).
A federal program enabling property owners in participating communities to purchase insurance protection against losses from flooding. This insurance is designed to provide an insurance alternative to disaster assistance to meet the escalating costs of repairing damage to buildings and their contents caused by floods.
NFIP) - Federal program created by Congress in 1968 that makes flood insurance available in communities that enact and enforce satisfactory floodplain management regulations.
The NFIP is a program that is part of FEMA that was developed to provide information about the risks of flooding and allow citizens to purchase flood insurance to protect them from the financial risks of flooding. Back
A program created by federal legislation and administered by the Federal Insurance Administration to provide flood insurance at subsidized rates to those who reside in designated flood areas. In 1983, participation in the program was opened to private insurers through the "Write Your Own" program.
The program of flood insurance coverage and floodplain management administered under the Act and applicable Federal regulations promulgated in Title 44 of the Code of Federal Regulations, Subchapter B.
The Federal regulatory program under which flood-prone areas are identified and flood insurance is made available to residents of participating communities.
A program established by the National Flood Insurance Act of 1968 to provide relief from the impacts of flood damages in the form of Federally subsidized flood insurance available to participating communities; such insurance is contingent on the incorporation of non-structural flood loss reduction measures into local floodplain management regulations.
Program run by the federal government that makes flood insurance available to eligible communities at subsidized rates. Includes coverage for both buildings and personal property.
A federal program through which per-sons with property located in predefined flood plains can obtain flood coverage. See Flood insurance.
Coverage against flooding for personal and business property under the National Flood Insurance Act of 1968, provided by a partnership of private insurers and the government.
(NFIP) Flood insurance assistance for property owners, created by Congress and managed by FEMA's Federal Insurance Administration. Homeowners can obtain flood insurance coverage if their community participates in NFIP flood control programs. In recent years, however, the federal government has curtailed flood insurance assistance, so as to discourage development in flood-prone areas. For more information, see the "Hazard Insurance" article in the "Mortgage Industry" section.
Federal program to identify flood prone areas nationwide and make flood insurance available to the owners and leasers of property in the communities that participate in the program.
A federal program that allows property owners to purchase insurance protection against losses due to flooding. In order to participate in this program, local communities must agree to implement and enforce measures that reduce future flood risks in special flood hazard areas. www.fema.gov/nfip
(NFIP) - Federal government-sponsored insurance that covers the policyholder for property losses caused by floods.
A program that provides flood insurance at affordable rates through a federal subsidy. In return for this subsidy, communities in designated flood hazard areas must administer local measures that aid in flood prevention.
Federal program providing flood insurance for fixed property. Under a "dual" program coverage may be written directly by the NFIP or by private carriers whose losses may be reimbursed by the NFIP.
(p) - means the flood coverage and land management program originally authorized and subsequently amended as the National Flood Insurance Act of 1968.
A program backed by the United States government to provide flood insurance for fixed property. The NFIP writes policies directly and offers reimbursement to private carriers offering flood insurance.
The Federal program, created by an act of Congress in 1968, that makes flood insurance available in communities that enact satisfactory floodplain management regulations.
A program administered by a division of the Federal Emergency Management Agency (FEMA) that helps provide coverage to homeowners for losses due to flooding.
Federal program created by Congress in 1968 that makes flood insurance available in communities that enact minimum floodplain management regulations in 44 CFR §60.3.
A federally funded program established to make flood insurance available to properties located in participating communities.
Federal government-sponsored program under which flood insurance is sold to homeowners and businesses. (See Adverse selection, Flood insurance )
A government program that provides property coverage against flood damage at subsidized rates.