What is the National Flood Insurance Insurance?

What is the National Flood Insurance Insurance (NFIP)?

NFIP was created by the United States Congress in 1968. The project provides flood insurance and administers the Federal Emergency Management Agency (FEMA).


Most residential insurance policies are sold through this program. There are over 5 million flood policies with NFIP across the country. In addition to flood insurance, the NFIP improves flood management and creates maps of flood risk zones.






What Is a Flood Map?

FEMA flood maps indicate flood risk. These maps include flood insurance rates and flood insurance requirements and flood management, which are used to determine flood control and / or structures.

Flood maps are constantly updated and factors can be changed based on:

• Climate setting
• Itching
• New construction and development

You can flood your address online at FEMA Flood Map Service Center.

What does the National Flood Protection Program do?

Lude insurance divides two types of coverage through NFIP:

• "Building property" (includes plumbing, furnaces and other items below)

            Contents

• Security can also be split into two parts: the tallest floors and the lower the lower the area below the areas:

• In the basement

• Move the gaps under the highest building

• The entire area is covered by closed walls (sometimes called "out of the house"),

          Other types of buildings are covered under covered areas

Coverage for elevated floors

Flood insurance from NFIP includes assets up to $ 250,000.

• The grounds are permanently installed on an endless floor

• Fortresses and water

• Separated garage that can be used for limited storage or vehicle

• Electrical and plumbing systems

• Foundation walls, aggregate systems and attached stairs

• Fuel tanks and fuel, solar power equipment, well water tanks and tubes

• Furnaces, water heaters, heat pumps and sampling tubes

• Equipment for refrigerators, cooking ovens, and utensils

• Permanently installed paneling, wallboard, bookcases and cabinets

• Window blinds

• It covers the contents (meaning of your goods), up to $ 100,000:

• Carpets installed on wooden floors

• Clothes washers and dryers

• Curtains

• Foodgrainers and food in them  Clothing, furniture and electronicsSmall and window coolers

• Valuable items such as art and furs (up to $ 2,500)

No flood insurance from NFIP:

• Valuable securities like currency, precious metals and stock certificates
• A flood of fossil or fungus or moisture may be avoided by the property owner in case of flood
• Even if the earth movement is caused by a flood, damages caused by earth's movement
• Financial losses from business interruption
• If you can not live at home due to floods like hotel and food, extra life costs
• Loss of insurance or property
• Property outside the building such as trees, plants, wells, septic masts, walkways, mounds, seaside, fences, challenges, hot troughs and swimming pools
• Most self-driving vehicles like cars. (However, comprehensive insurance vehicles include flood damage.)

Protecting areas below ground level and lower ground level

The NFIP flood insurance limit has been established to build property and contents in a basement or area below low ground floor.

Building Property for Basics includes:

• Central air conditioners
• Fortresses and water
• Water supply for walls and roofs
• Power stations, switches and circuit breaker boxes
• Foundation walls, aggregate systems and attached stairs
• Fuel tanks and fuel for them, solar power equipment and well-water troughs and tubes
• Furnaces, water heaters, heat pumps and sampling tubes
• Non-flammable insulation (basics only)

Contents include:

• Food frozen and food in them (but not refrigerators)
• Small and window coolers
• Washers and dryers

The structure or contents are not covered under:

• Carpet, terrain flooring and other flooring such as tile
• Walls and ceilings (below the lowest floor)
• Some steps and lifts
• Most personal assets such as clothing, electronic equipment, cooking materials and furniture
• Curtains, books and window treatments such as curtains and windows
• Dry wall is not made by wall and pebbles

NFIP can buy flood insurance

NFIP is available only to home owners, renters and business owners, and has assets in "NFIP-participating communities". Do you know your home insurance agent whether your social partner participates or see your community online by the stability of the FEMA community.


In some cases, if your home is in a "special flood risk," your mortgage lender wants to purchase flood insurance from the NFIP.

How to Buy NFIP flood insurance

You can buy flood insurance from an insurance address. You can not directly buy from NFIP.

The cost

According to the Insurance Information Agency (III), the average flood insurance premium was $ 656 in 2016. But that price varies depending on factors such as flood risk, coverage level and size of your expense.

Every policy sold through NFIP will be based on a year and a phase, building and policy type. Here's more about the surcharge from FEMA

Waiting times

There is usually a 30-day waiting period before an NFIP flood insurance policy comes into effect, although FEMA exemptions include:

• If floods are newly installed in a newly constructed special flood affected area, the waiting period is waiting for you to get flood insurance within 13 months.

• When you make your mortgage, there is no waiting period if you need flood insurance to increase, extend or refresh.

• If you choose "additional insurance" as an option for your insurance policy refresh, there is no waiting period.

• Buying a policy within 60 days if the fuel is burned, and the expiration period may be dismissed at a time.