The U.S National Flood Insurance Program

04/12/21

“How is flood insurance handled in the U.S on the national level?”

Having property in the flood zone is inherently risky. At any given moment one can have their entire livelihoods destroyed by a surge of water. To mitigate this risk, insurance can be taken out. Sensing that some people may be left out of the private market due to financial circumstances, The congress of the United States created The U.S National Flood Insurance Program in 1968 to alleviate this. The program stipulates that communities that inhabit the 100-year floodplain are not only required to have insurance for their property but be able to access insurance to protect their assets. The U.S National Flood Insurance Program has caused a revolution in disaster work in the U.S and its consequences are manifold.