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Institute for Crisis, Disaster, and Risk Management Crisis and Emergency Management Newsletter Website |
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April
2004
Volume 6
- Number 3 |
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Related Sites:
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National
Flood Insurance
Program (NFIP) Min Woo Kwak The
NFIP is a
Federal program enabling property owners in participating communities
to
purchase insurance protection against losses from flooding. This
insurance is
designed to provide an insurance alternative to disaster assistance to
meet the
escalating costs of repairing damage to buildings and their contents
caused by
floods. The
National
Flood Insurance Act of 1968 allows Mitigation Division to make flood
insurance
available only in those areas where the appropriate public body has
adopted
adequate floodplain management regulations for its flood-prone areas.
Without
community oversight of building activities in the floodplain, could be
undermined or nullified by the careless building of others. Unless the
community as a whole is practicing adequate flood hazard mitigation,
the
potential for loss will not be reduced sufficiently to affect disaster
relief
costs. Therefore,
I was
recognized how the NFIP is important and really need for protecting our
properties and lives. I had some researches about polices, premiums,
and claims
by fiscal year in U.S. -
Policies in
Force
-
Premiums
-
Numbers of
Claims
-
-Loss Dollar
Paid
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