Federal laws require that apartment owners with federally regulated and insured mortgages on properties in high-risk flood areas purchase flood insurance. However, the private insurance market offers few policy options, often only issuing flood protection policies to high-value properties. To help fill this void, the federal government created the National Flood Insurance Program (NFIP). Read our Issue Fact Sheet.

Fact Sheet

Issue Fact Sheet

More information on national flood insurance program, in addition to the NMHC/NAA viewpoint.

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