Federal Flood Insurance provides coverage to residents, including businesses and nonbusiness operations, in communities qualified under the National Flood Insurance Program (NFIP), offering subsidized and nonsubsidized premium rates for structures and their contents.
The National Flood Insurance Program (NFIP) aims to reduce the impact of flooding on private and public structures by providing affordable insurance to property owners. Furthermore, it encourages communities to adopt and enforce floodplain management regulations.
