Talk:National Flood Insurance Program

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• "Flood insurance for contents is available only to the property owner, which leads to uninsured losses for renters and demands for aid." This statement is false. The same contents coverage homeowners can purchase is available to renters.—The preceding unsigned comment was added by 71.252.64.8 (talk • contribs) 16:37, 19 September 2006 (UTC-5)

[edit] Flood insurance market

Why won't insurance companies provide this coverage through an endorsement? What is the history behind that? Are the insurance companies looking to price flood into the homepolicy? —The preceding unsigned comment was added by 71.29.204.27 (talk • contribs) 09:52, 13 September 2006 (UTC-5)

I believe at the time of the original legislation, there were no insurance companies writing policies or endorsements covering flood losses. In certain catastrophic events, the flood losses were compensated using disaster recovery funds provided by the predecessor agency to FEMA. Congress created the NFIP to subsidize flood coverage in exchange for local governments implementing floodplain development regulations designed to prevent future development in flood-prone areas. The controversial part comes in the 'grandfather' clause allowing pre-existing structures to buy the coverage without complying with the new floodplain development regulations.

I hope I have that right...more research is required, and obviously would be a great addition to the article.--G1076 15:49, 13 September 2006 (UTC)