National Flood Insurance Program: Difference between revisions
No edit summary |
No edit summary |
||
| Line 1: | Line 1: | ||
==Overview== | ==Overview== | ||
The '''National Flood Insurance Program''' (NFIP) is a government-backed insurance program that helps property owners, renters, and businesses recover from flood damage by offering [[Flood Insurance|flood insurance policies]]. | The '''National Flood Insurance Program''' (NFIP) is a government-backed insurance program that helps property owners, renters, and businesses recover from flood damage by offering [[Flood Insurance|flood insurance policies]]. | ||
| Line 11: | Line 11: | ||
==FloodSmart== | ==FloodSmart== | ||
{{lorem}} | {{lorem}} | ||
{{draft}}{{nfip}} | |||
Revision as of 15:48, 2 December 2024
Overview
The National Flood Insurance Program (NFIP) is a government-backed insurance program that helps property owners, renters, and businesses recover from flood damage by offering flood insurance policies.
The NFIP's Write Your Own Program (WYO) began in 1983 as a cooperative undertaking between the private insurance industry and FEMA, and allows participating property and casualty insurance companies to write and service the SFIP in their own names.
WYO companies use the same policy terms as the NFIP, but write the coverage on their own paper. The NFIP reinsures 100% of the coverage.
WYO companies must follow the rules and regulations of the NFIP, including floodplain management regulations. There is no deviation of the rules, rates and regulations for different WYO Companies, or for the NFIP Direct.
FloodSmart
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
 |
This page is a rough draft and will need more work before it's finalized. |
 |
This page contains information about the NFIP. Find more NFIP Resources. |