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gptkbp:instanceOf
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gptkb:government_agency
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gptkbp:abbreviation
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gptkb:NFIP
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gptkbp:administeredBy
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gptkb:Federal_Emergency_Management_Agency
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gptkbp:availableOn
|
gptkb:District_of_Columbia
gptkb:U.S._territories
all 50 states
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gptkbp:claimsPaid
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over $70 billion since inception
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gptkbp:claimsProcess
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filed through insurance agent or company
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gptkbp:country
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gptkb:United_States
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gptkbp:covers
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property development
commercial property
contents
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gptkbp:criticizedFor
|
encourages development in flood-prone areas
financial sustainability
outdated flood maps
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gptkbp:debt
|
owes billions to U.S. Treasury
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gptkbp:eligibility
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communities participating in NFIP
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gptkbp:established
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1968
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gptkbp:establishedBy
|
gptkb:National_Flood_Insurance_Act_of_1968
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gptkbp:exceptionToWaitingPeriod
|
loan closing
map revision
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gptkbp:excludes
|
does not cover basement improvements
does not cover temporary housing costs
does not cover vehicles
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gptkbp:fundedBy
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gptkb:government
policyholder premiums
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|
https://www.w3.org/2000/01/rdf-schema#label
|
National Flood Insurance Program
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gptkbp:maximumSpeed
|
$100,000 for contents
$250,000 for residential buildings
$500,000 for non-residential buildings
|
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gptkbp:parentOrganization
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gptkb:U.S._Department_of_Homeland_Security
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gptkbp:policyholders
|
over 5 million
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|
gptkbp:premiumDeterminedBy
|
flood risk
place
building characteristics
coverage amount
deductible
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gptkbp:purpose
|
provide flood insurance to property owners
reduce the impact of flooding
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gptkbp:reformed
|
gptkb:Risk_Rating_2.0
2021
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gptkbp:reformPurpose
|
modernize risk assessment and pricing
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gptkbp:reinsurance
|
purchases private reinsurance
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gptkbp:relatedLegislation
|
gptkb:Biggert–Waters_Flood_Insurance_Reform_Act_of_2012
gptkb:Flood_Disaster_Protection_Act_of_1973
gptkb:Homeowner_Flood_Insurance_Affordability_Act_of_2014
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gptkbp:renewalPeriod
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annual
must be renewed annually
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gptkbp:requires
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community must adopt floodplain management regulations
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gptkbp:riskAssessmentTool
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gptkb:Flood_Insurance_Rate_Map
|
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gptkbp:waitingPeriod
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30 days after purchase
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gptkbp:website
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https://www.fema.gov/flood-insurance
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gptkbp:bfsParent
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gptkb:Federal_Emergency_Management_Agency
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gptkbp:bfsLayer
|
4
|