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TeachMeFinance.com - explain Standard Flood Insurance Policy (SFIP) Standard Flood Insurance Policy (SFIP) The term 'Standard Flood Insurance Policy (SFIP)' as it applies to the area of flooding can be defined as 'Policy issued to insure a building and/or its contents'. Previous 5 Terms: Stand-Alone PV System Standard Atmosphere Standard Claims Processing System Standard contract standard deviation Next 5 Terms: Standard fluorescent Standard Industrial Classification (SIC) standard notation Standard Review Plan Standard Synoptic Times 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.