- Collection Created:
- September 20, 2013
- This Act authorizes a national program under which flood insurance is made available to occupants of flood prone areas through the cooperative efforts of the Federal government and the private insurance industry.
This publication warns homeowners that most homeowners' insurance policies do not cover floods. Only flood insurance reimburses homeowners for flood damage to property.
- An Act of Congress to amend the National Flood Insurance Act of 1968 to reduce losses to properties for which repetitive flood insurance claim payments have been made.
- The National Flood Insurance Act of 1968, as amended, and The Flood Disaster Protection Act of 1973, as amended,42 U.S.C. 4001 et. seq.
- An Act of Congress to amend the Flood Disaster Protection Act of 1973.
Freeboard is a term used by FEMA’s National Flood Insurance Program (NFIP) to describe a factor of safety usually expressed in feet above the 1-percent-annual-chance flood level. The NFIP requires the lowest floor of structures built in Special Flood Hazard Areas (SFHAs) to be at or above the BFE, so a structure built with freeboard would have its lowest floor 1 foot or more above the BFE. Adding freeboard will reduce NFIP insurance premiums.