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The Insurance
Department sent out a memo reminding Flood Insurance
agents of the need to comply with National Flood
Insurance Program training requirements.
"Nearly 20,000
communities across the United States and its
territories participate in the NFIP by adopting and
enforcing floodplain management ordinances to reduce
future flood damage. In exchange, the NFIP makes
Federally backed flood insurance available to
homeowners, renters, and business owners in these
communities. Community participation in the NFIP is
voluntary.
Flood insurance is
designed to provide an alternative to disaster
assistance to reduce the escalating costs of
repairing damage to buildings and their contents
caused by floods. Flood damage is reduced by nearly
$1 billion a year through communities implementing
sound floodplain management requirements and
property owners purchasing of flood insurance.
Additionally, buildings constructed in compliance
with NFIP building standards suffer approximately 80
percent less damage annually than those not built in
compliance."
Source
FEMA >>> |