insurance

Primer on FEMA Flood Maps and Flood Insurance

The National Flood Insurance Program (NFIP) offers flood insurance to homeowners, condo owners and associations, tenants and business owners located in one of the 20,000 local governments that participate in the federal program. Condominium associations and unit owners may purchase insurance coverage. In 2003, Congress directed FEMA to update the nation’s flood hazard maps. As …

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