Definition
The National Flood Insurance Program is the primary source for flood coverage. Policies are subsidized for existing properties but can be expensive.
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NFIP is primary flood insurance source. Policies are subsidized for existing properties but can be expensive. Required in high-risk flood zones.
Pro Tip
NFIP has waiting periods. Purchase early if you know you'll need coverage.
Example
NFIP flood insurance covering property in 100-year flood zone.