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TeachMeFinance.com - explain National Flood Insurance Program (NFIP) National Flood Insurance Program (NFIP) The term 'National Flood Insurance Program (NFIP)' as it applies to the area of flooding can be defined as 'A federal program enabling property owners in participating communities to purchase insurance protection against losses from flooding. This insurance is designed to provide an insurance alternative to disaster assistance to meet the escalating costs of repairing damage to buildings and their contents caused by floods'. Previous 5 Terms: National Environmental Policy Act (NEPA) National Environmental Policy Act of 1970 National Estuary Program National farm program acreage National Fire Danger Rating System Next 5 Terms: National Flood Insurance Reform Act (NFIRA) National Flood Summary National forest National Forest Management Act (NFMA) of 1976 National Forest System (NFS) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.