National Flood Insurance

Definition of "National flood insurance"

Jill DeLeon real estate agent

Written by

Jill DeLeonelite badge icon

Momentum Real Estate Group, Llc

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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