Access Quote by Gary Miller
“The National Flood Insurance Program is a valuable tool in addressing the losses incurred throughout this country due to floods. It assures that businesses and families have access to affordable flood insurance that would not be available on the open market.”
About This Quote
Source Government Program: National Flood Insurance Program, USA, established 1968
Provides subsidized flood coverage to households and businesses that otherwise could not obtain affordable policies on the open market.
In simple terms: Government helps people get flood insurance they need.
Key Takeaway
Use NFIP to protect property from flood loss.
Themes
risk management
public policy
insurance
disaster relief
Mood
pragmatic
reassuring
Type
policy
informational
When to use this quote
- homeowners
- small businesses
- municipal planners
- insurance agents
- risk assessors
Key Concepts
subsidy
public‑private partnership
affordability
Questions to Reflect On
- How does government involvement affect market pricing?
- What are alternatives to NFIP?
A Different Perspective
Coverage may be limited and premiums can rise after major events.
