Question: in us national flood insurance is available for which of the following

title: National Flood Insurance Program
text: Before 1950 flood insurance was part of the standard homeowners ' insurance policy . During the 1950s increasingly high correlation of losses by holders of flood policies of the same company caused many insurance companies to begin excluding flood coverage from standard insurance policies , selling flood insurance separately . Over time , insurance premiums collected were insufficient in covering payouts after major flooding events . In 1968 , the National Flood Insurance Act established the National Flood Insurance Program ( NFIP ) , which allows property owners to purchase insurance from the U.S. government that covers certain losses from flooding . This insurance is not set by the market risk valuation . It is less expensive than the private insurance company rate would be . This is accomplished either by the program running a deficit and borrowing money or by subsidies from the national government . Either way , the property owners with NFIP policies are receiving government subsidies to live in areas with high flood risk .