The National Flood Insurance Program (NFIP) is a federal program in the United States designed to provide flood insurance to property owners, renters, and businesses. Established in 1968, it aims to reduce the financial impact of flooding by offering affordable insurance options and encouraging communities to adopt floodplain management practices. Through the NFIP, participating communities must implement measures to minimize flood risks, which can lead to lower insurance premiums for residents. The program is managed by the Federal Emergency Management Agency (FEMA), which oversees the mapping of flood zones and the administration of insurance policies.