Flood Insurance (National Flood Insurance Program - NFIP)

The National Flood Insurance Program (NFIP) is a U.S. government initiative designed to provide affordable flood insurance to homeowners, renters, and businesses in flood-prone areas. Managed by FEMA, the program aims to reduce flood damage through better planning and risk assessment. Participants pay premiums, and in return, they receive financial protection for flood-related losses. The NFIP also encourages communities to adopt floodplain management standards to promote safety and resilience, helping to mitigate future flood risks. Essentially, it helps individuals recover while fostering safer communities through responsible development practices.