National Flood Insurance Program FAQs
Published February 4, 2022
National Flood Insurance Program FAQs
“The National Flood Insurance Program (NFIP) enables property owners to purchase flood insurance. In return, communities agree to adopt and implement local floodplain management regulations that contribute to protecting lives and reducing the risk of new construction and substantial improvements from future flooding.
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.
Joining the National Flood Insurance Program (NFIP) is an important step toward reducing a community’s risk of flooding and making a speedier, more sustained recovery should flooding occur. It also allows property owners within a participating community to purchase NFIP flood insurance and receive disaster assistance for flood-related damage. Participation is voluntary and more than 22,000 communities have agreed to adopt and enforce floodplain management ordinances that provide flood-loss reduction building standards for new and existing development.
Current Flood Insurance Manual
https://www.fema.gov/flood-insurance/work-with-nfip/manuals/current
Community Participation
“1. What is the National Flood Insurance Program (NFIP)? The NFIP is 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. Participation in the NFIP is based on an agreement between local communities and the Federal Government that states if a community will adopt and enforce a floodplain management ordinance to reduce future flood risks to new construction in Special Flood Hazard Areas, the Federal Government will make flood insurance available within the community as a financial protection against flood losses.”
Community Status Report
https://www.fema.gov/cis/VT.html
Local Government Officials – Floodplain Management Resources
“Local community officials play a critical role in making their communities safer and more resistant to disaster. Identifying their community’s flood hazards and then acting to reduce those risks along with managing to a higher standard will result in a stronger, more resilient community”
https://www.fema.gov/floodplain-management/manage-risk/local