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NAR developed this one-pagerpdf to help educate the Administration and Congress on the importance of the National Flood Insurance Program (NFIP) not only to real estate markets but to the nation as a whole. NFIP by the Numbers offers a snapshot of the program’s national reach and financial impact—from $1.3 trillion in coverage to billions in economic contributions and taxpayer savings. This fact sheet highlights why NFIP is essential to protecting property, promoting mitigation, and reducing federal disaster costs.

Insurance Coverage:

  • $1.3 trillion: Total flood coverage not available in the private market.
  • 4.7 million policyholders and 23,000 communities covered.

Economic Benefit:

  • $70 billion Contribution to the U.S. economy.
  • Half million home sales each year.
  • Over 1 million jobs created.

Disaster Assistance:

  • $250,000 of coverage for building replacement versus $4,000 of FEMA aid and an SBA loan with 3% interest.
  • $18 billion available for claims and obligations, including reserves, reinsurance, and borrowing authority.

Risk Reduction:

  • Full-risk insurance rates for new policies and 18% annual increases for subsidized policies incentivize preventative measures.
  • Mapping & Mitigation: Local governments must map the floodplains and regulate building to participate in the NFIP.
  • Each $1 spent = $6 saved. Mitigating property risk averts future flood damage.

Taxpayer Savings:

  • $3.5 billion of Revenue available to pay for the total cost of flooding.
  • Policyholders contribute through premiums, sharing responsibility.