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Being Flood Prone as Defined by the National Flood Insurance Act of 1968 Form

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Being Flood Prone as Defined by the National Flood Insurance Act of 1968 Form

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hello and welcome back to flood zone ahead today I want to talk about the national flood insurance program and the national flood insurance program was put into place in 1968 with the passage of the national flood insurance act and this act essentially put in place a program that would provide federally subsidized flood insurance for property owners you know residential and business property owners for areas that had higher risk of flooding and a major reason that this program was put in place was because prior to the National flood insurance program private Market insurance companies were the only option for people who were looking for flood insurance and when it comes to flood insurance for a private Market insurer to take on that type of insurance typically the margins are just not going to be the same as it would be for other types of insurance and what that would mean is that typically people who are purchasing flood insurance are going to be in areas at higher risk of flooding so

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Being Flood Prone as Defined by the National Flood Insurance Act of 1968 Form

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