National Flood Insurance Program (NFIP)
Insurance Glossary
The federal flood insurance program run by FEMA, which offers flood policies through participating insurers in communities that adopt floodplain management rules. For one to four family homes it caps building coverage at $250,000 and contents coverage at $100,000, and contents are settled at actual cash value rather than replacement cost. Homeowners who need more than those limits can look to private flood insurers or to excess flood policies.
This content is for general informational purposes only and is not insurance, legal, or financial advice. Coverage, exclusions, eligibility, and pricing vary by insurer, by policy, and by state, and only the policy documents control what is covered. Always confirm the details of any coverage with a licensed insurance agent or the issuing carrier before you buy.
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