National Flood Insurance Program


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National Flood Insurance Program

A federal program allowing people to purchase flood insurance.It is administered by the Federal Insurance Administration (FIA),which is a branch of the Federal Emergency Management Agency (FEMA). See flood insurance.

References in periodicals archive ?
Allstate and the National Flood Insurance Program (NFIP) recommend the following tips for your flood insurance claim:
A separate policy available from the National Flood Insurance Program covers flooding resulting from hurricanes.
The American Academy of Actuaries will host a briefing to discuss the current challenges facing the National Flood Insurance Program and key considerations for legislative initiatives pertaining to this important program.
They have done so for nearly 40 years, since the creation of the federal National Flood Insurance Program in 1968.
84% of the 2005 direct-written premiums base on all property and casualty insurance written in the state, excluding medical malpractice insurance until June 2007, and workers' compensation, accident and health insurance, and insurance provided under the National Flood Insurance Program.
After three lapses this year, it is finally official -- the National Flood Insurance Program has been extended for one more year," said Pratter.
According to the Federal Emergency Management Agency (FEMA), roughly 25 percent of all claims paid by the National Flood Insurance Program (NFIP) are for policies in low- to moderate-risk communities.
WASHINGTON, June 18 /PRNewswire-USNewswire/ -- The continuing failure of Congress to extend the National Flood Insurance Program (NFIP) is placing homeowners at risk during the hurricane season and with the BP oil leak continuing, according to the National Association of Professional Insurance Agents (PIA).
One model worth considering is the National Flood Insurance Program, which, according to its Web site, was created by Congress in 1968 "in response to the rising cost of taxpayer funded disaster relief for flood victims and the increasing amount of damage caused by floods.
Such a policy may be available through the National Flood Insurance Program (NFIP).
You can contact your private insurance company about flood damage if you have purchased your National Flood Insurance Program policy through them, and file a flood claim.
The coverage follows the policy provided by the National Flood Insurance Program, offering replacement cost coverage up to the amount specified on the individual policy for dwelling coverage and actual cash value basis for the contents of the dwelling.

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