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. It was established in 1968 to reduce the financial impact of flooding and to encourage communities to adopt floodplain management practices. The program is managed by the Federal Emergency Management Agency (FEMA). Through the NFIP, property owners can purchase flood insurance at subsidized rates, which helps them recover from flood damage. Communities that participate in the program must adhere to specific floodplain management standards to qualify for insurance coverage. This collaboration aims to minimize future flood risks and promote safer development practices.