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A Look at What the National Flood Insurance Program Does

A Look at What the National Flood Insurance Program Does

A Look at What the National Flood Insurance Program Does

The National Flood Insurance Program (NFIP) provides property owners, businesses, and renters access to affordable flood insurance, according to FEMA. Overall, the program aims to reduce the impact of flooding on individuals and communities. The NFIP program: Caps NFIP rates at $10,000 per year for property owners. Directs FEMA to develop more granular rate tables, to ensure fewer properties are overcharged by NFIP. Sets aside $1 billion for flood mitigation assistance grants. Increases access to private market flood insurance…

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nicolaszennaro

International Real Estate Agent in Miami with ONE Sotheby's International Realty. With multiple years of experience working in Real Estate on the French Riviera. Global client network with a strong background and extensive know how in digital marketing applied to Real Estate. Focused and dedicated to clients first. Committed in delivering the best results to property buyers and sellers.

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