National Flood Insurance Program

1
National Flood Insurance Program

• Who, What and Why

2
Who

• Federal Program established in 1968
• Administered by Federal Emergency Management
  Agency (FEMA)
• Written through over 90 carriers
• 4.6 million policies
• 20,011 communities
• 740B in coverage

3
What

• Single peril policy FLOOD
• Residential and Non-Residential structure
• Building and/or Contents
• 250,000/100,000
• 500,000/500,000

4
WhyReduce Federal disaster assistance paid by
tax dollars
5
Reduce the loss of life and property
6
Ease the recovery
7
Why

• 14B damages since 1978
• Texas is 2 in losses, 2 in repetitive losses
• Everyone is in a flood zone
• High A or V zones
• Medium B or Shaded X
• Low C or White X
• 25 NFIP claims from low to moderate risk zones
• Lessons learned from TS Allison

8
Map Changes
9
Map Changes
10
Better Data
11
FloodSmart.gov

• Resources for consumers
• Tool to assess flood risk
• Tool to estimate premium
• Ability to find an agent in their community
• Access to the FLOOD Link newsletter

12
National Flood Insurance Program

• ..is peace of mind