![]() There is a 30 day waiting period before flood insurance coverage goes into effect so do not wait until a disaster strikes to purchase!For more information about the NFIP and how to purchase flood insurance click here or check out the helpful documents listed below. Standard NFIP insurance does not cover contents but contents insurance can be purchased separately to cover personal belongings. Over 1,500 communities participate nationwide. Structural damage includes all walls, floors, insulation, furnaces and other items permanently attached to the structure. The Community Rating System (CRS) is a voluntary incentive program that recognizes and encourages community floodplain management practices that exceed the minimum requirements of the National Flood Insurance Program (NFIP). NFIP insurance covers structural building damage caused directly by surface flooding including a river flowing over its banks or local drainage problems. To find out why you should buy flood insurance if you live outside of the SFHA click here. ![]() To find out if you live in an area that may require flood insurance click here. However, NFIP flood insurance is mandatory for those who live within the Special Flood Hazard Areas (SFHA) or have a federally backed mortgage. Am I Eligible? Any person living within a community that participates in the NFIP is eligible to purchase the flood insurance, though it is not required. Baldwin Borough is one of these communities. Over 20,000 communities participate in the National Flood Insurance Program. The NFIP was established with the passage of the National Flood Insurance Act of 1968 and enables property owners to purchase flood insurance as protection against flood losses whether they are located in the floodplain or not. The National Flood Insurance Program (NFIP) is the primary source of flood insurance coverage for residential properties in the United States. Federally backed flood insurance is available through FEMA's National Flood Insurance Program (NFIP). ![]() Homeowner's insurance does not cover flood damage so it is essential to purchase flood insurance. In addition to ICC, other tools include provisions for increasing lender compliance, increasing flood insurance coverage limits, and establishing a mitigation assistance program. This law created many tools to increase the effectiveness of the NFIP, one of which is ICC. It is estimated that there is a 25% chance of experiencing a flood during the life of a 30 year mortgage. The NFIP was changed by the National Flood Insurance Reform Act of 1994. What is the National Flood Insurance Program? ![]()
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