Flood Insurance terms starting with M

4 terms

1. Mandatory Purchase Under the provisions of the Flood Disaster Protection Act of 1973, individuals, businesses, and others buying, building, or improving property located in…
2. Manufactured (Mobile) Home A structure, built on a permanent chassis, transported to a site in one or more sections, and affixed to a permanent foundation.
3. Mitigation Division A division under FEMA that manages the NFIP and oversees FEMA’s mitigation programs.
4. Mobile home To be eligible for coverage under the National Flood Insurance Program, a mobile home must be on a permanent foundation and meet specific anchoring…