National Flood Insurance


Definition of "National flood insurance"

Jill DeLeon
Jill DeLeon Berkshire Hathaway HomeServices

Insurance based on the National Flood Insurance Program, enacted By Congress in 1968. The intent of this legislation is to provide insurance coverage for those people suffering real property losses as a result of floods. To encourage the buying property located in a flood plain area cannot be financed through a federally regulated lender unless flood insurance is purchased.

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National Flood Insurers Association

Pool of private insurers that provide initial flood insurance in cooperation with the U.S. Department of Housing and Urban Development (HUD). In 1978, ...

National Flood Insurance Program

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