Insurance
Insurance Fact Sheets
The National Flood Insurance Program (NFIP)
The NFIP is a national program established in 1968 and managed by the Federal Emergency Management Agency (FEMA). It was put in place to reduce the financial risk of flooding to homeowners, renters, and businesses. Through its community programs the NFIP also encourages responsible floodplain management practices. The NFIP’s key functions include providing flood insurance, mapping flood risk areas, and assisting local communities with mitigation efforts. Coverage through the NFIP is not automatic and requires local governments to opt in and adopt minimum floodplain management rules.
Flood Insurance for Homeowners
Flood insurance and standard homeowners insurance are separate insurance policies. Flood insurance covers structural damage and personal belongings in the event of flood damage. Standard homeowners insurance provides your home coverage from a number of dangers such as fire, theft, wind, and hail. Homeowners may purchase an insurance policy through the National Flood Insurance Program (NFIP). If your property floods and you do not have flood insurance, then your contents are not covered.
Flood Insurance for Renters
Due to the frequency of tropical and named storms in parts of Louisiana, it is crucial for renters to consider purchasing flood insurance. Flood insurance for renters is a separate insurance policy from renters insurance and covers personal belongings in the event of flood damage. The National Flood Insurance Program (NFIP) offers such policies to renters. If the property you are renting floods and you do not have flood insurance, then your contents are not covered.
Community Rating System Overview 
The Community Rating System (CRS) is a voluntary program that incentivizes communities to implement local mitigation, floodplain management, and outreach activities that surpass the minimum requirements of the National Flood Insurance Program (NFIP). The CRS was created to encourage communities to be proactive in reducing flood risk by offering discounts to flood insurance rates.
Program for Public Information
It is important to note that your community must be enrolled in the CRS prior to creating a PPI to get points. Consider your community’s specific needs to decide if creating a PPl is right for you.
Insurance Declaration Page Guide
This guide is intended to explain the different elements of Flood Insurance Policy Declarations Pages. They are computer-generated summaries of information provided by the prospective policyholder in the application for flood insurance. The declarations page also describes the term of the policy, the limits of coverage, displays the premium, and the insurer’s name. It is a part of the flood insurance policy.