If a business is located in the flood zone of a community that participates in the National Flood Insurance Program (NFIP), the company is not able to purchase a federally-backed flood insurance policy.

Question

Quizplus · Accepted Answer

Businesses located in flood zones of communities that participate in the National Flood Insurance Program (NFIP) are able to purchase federally-backed flood insurance policies. In fact, it is recommended that businesses in flood-prone areas purchase flood insurance to protect against potential property damage and financial loss.

If a Business Is Located in the Flood Zone of a Community