Who is eligible to purchase flood insurance?

Individuals in participating communities are eligible to purchase flood insurance through the National Flood Insurance Program (NFIP). The NFIP requires communities to adopt and enforce floodplain management regulations to reduce the risk of flooding. This program aims to provide affordable flood insurance and to encourage local governmental measures to mitigate flooding.

Being a part of a participating community is crucial since flood insurance is only available to those residing in towns or communities that have made the commitment to uphold the NFIP standards. This means that not every homeowner or property owner in the country can directly purchase flood insurance, as it is contingent on the community's involvement in the program. Therefore, eligibility hinges on the community's participation in the NFIP rather than just individual ownership or institutional ownership of property.