The National Flood Insurance Program (NFIP) is a federally managed program that provides flood insurance to homeowners, as most standard HO-3 policies specifically exclude water damage from rising tides or overflowing rivers. The NFIP remains a primary source of coverage, although its Risk Rating 2.0 system now prices premiums based on individual property variables. Understanding the NFIP’s limits and waiting periods is essential for any homeowner living in a modern flood zone.
NFIP
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