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Why Flood
Insurance?
Standard residential and commercial property
policies normally exclude flood losses, due to their
catastrophic nature. In response to an overall need for
flood insurance, Congress passed the National Flood
Insurance Act of 1968. This Act established the operation of
a national program for providing this much-needed coverage.
The National Flood Insurance Program (NFIP) is managed by
the Mitigation Division of the Federal Emergency Management
Agency (FEMA). Homeowners, commercial property owners, and
residential and commercial renters desiring flood insurance
must procure this coverage in addition to a homeowners /
renters / dwelling policy. |
