• In 1968, Congress created the National Flood Insurance Program (NFIP) to help provide a means for property owners to financially protect themselves.
  • The NFIP offers flood insurance to homeowners, renters and business owners if their community participates in the NFIP.
  • Participating communities agree to adopt and enforce ordinances that meet or exceed FEMA requirements to reduce the risk of flooding.

NFIP Reform

  •  Changes to the National Flood Insurance Program (NFIP) are strengthening the call for mitigation actions, return the NFIP to the self-supporting program it once was, and balance flood risk with appropriate flood insurance.
  • Flooding continues to be the #1 natural disaster in the U.S. and yet many communities, businesses and residents do not have flood insurance, or do not take actions to reduce or mitigate their flood risks. With reforms to the National Flood Insurance Program in recent years, now is the time to champion a renewed call for mitigation.

NFIP Discounts and Savings

  • Changes to the NFIP emphasize the need to take appropriate, preventative mitigation actions and highlights current mitigation programs that provide discounts and savings to policyholders.
  • FEMA’s Increased Cost of Compliance (ICC) program, Community Rating System (CRS) and Hazard Mitigation Assistance (HMA) programs provide supportive financial assistance to policyholders with special hazard flood risks.
  • ICC offers grants of up to $30,000 to policyholders located within special flood hazard areas (SFHA) to be used for home elevations when they have experienced a loss.
  • CRS offers significant discounts to policyholders in communities that enact and implement extended ordinances to maintain their floodplains.
  • HMA grant programs, such as the Hazard Mitigation Grant Program (HMGP), Flood Mitigation Assistance (FMA), and Pre-Disaster Mitigation (PDM) offer grants for numerous types of flood-related mitigation projects, including elevations, property acquisitions, flood-proofing, etc.