Project 2025 Aims to End 56-Year-Old National Flood Insurance Program
The nearly 5 million existing NFIP policyholders would likely face higher flood insurance premiums or choose to opt out of coverage if the NFIP ends.
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Published July 25, 2024 at 12:00 PM PDT | Reading time: 4 minutes
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The NFIP sells coverage through NFIP Direct and private insurance partners, and would-be policyholders must live in an NFIP community to purchase coverage. About 1,500 communities participate in the Community Rating System (CRS), the NFIP’s voluntary incentive program that rewards communities that take measures to reduce flood risks. Municipalities have the right to opt out of participation in the program.){kind=small}
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