National Flood Insurance Program

E109605

The National Flood Insurance Program is a U.S. government initiative that provides flood insurance to property owners and encourages communities to adopt and enforce floodplain management regulations to reduce flood risk.

All labels observed (2)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf U.S. government program
federal insurance program
administeredBy Federal Emergency Management Agency
United States Department of Homeland Security
surface form: U.S. Department of Homeland Security
coordinatesWith Write Your Own insurance companies
private insurance companies
country United States of America
surface form: United States
coverageType flood insurance
covers certain other insurable property against flood damage
commercial properties
contents of insured buildings
residential properties
createdBy United States Congress
defines Special Flood Hazard Area
base flood
floodplain
floodway
effectiveFrom 1968
eligibilityRequirement community must adopt and enforce floodplain management regulations
property must be in a participating community
enactedIn 1968
fundingModel authorized to borrow from the U.S. Treasury
primarily funded by policyholder premiums
headquartersLocation Washington, D.C.
legalBasis National Flood Insurance Program self-linksurface differs
surface form: National Flood Insurance Act of 1968
offers preferred risk policies for lower-risk properties
standard flood insurance policies
policyGoal increase flood risk awareness
promote sound floodplain management
reduce federal disaster assistance expenditures for floods
purpose encourage communities to adopt floodplain management regulations
provide flood insurance to property owners
reduce future flood damage
reduce the financial impact of flooding on individuals and businesses
regulatedBy federal law
regulates floodplain development in participating communities
relatedTo Federal Emergency Management Agency floodplain mapping program
climate change adaptation
disaster risk reduction
requires adoption of minimum building and land-use standards in flood-prone areas
community floodplain management ordinances
mandatory purchase of flood insurance for certain federally backed mortgages in high-risk areas
sector insurance
targetGroup business owners
homeowners
renters
uses Flood Insurance Rate Maps
Special Flood Hazard Area designations

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Federal Emergency Management Agency oversees National Flood Insurance Program
National Flood Insurance Program legalBasis National Flood Insurance Program self-linksurface differs
this entity surface form: National Flood Insurance Act of 1968
FEMA Region VI usesProgram National Flood Insurance Program
FEMA Region X usesProgram National Flood Insurance Program