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National Flood Insurance Program (NFIP)

A federally funded program established in 1968 to make flood insurance available at a reasonable cost for properties located in participating communities. NFIP flood insurance is available only for direct damage to buildings and contents; there is no time element coverage.

See also: all risks coverage, causes of loss forms, commercial property policy, flood coverage, flood exclusion, named perils coverage, property insurance.

Links for IRMI Online Subscribers Only: CPI IV.N


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