What is the standard deductible under the emergency program of the National Flood Insurance Program?

The standard deductible under the emergency program of the National Flood Insurance Program is set at $2,000. This deductible applies to the initial phase of coverage offered by the National Flood Insurance Program (NFIP) before a community has fully adopted the regular program. The emergency program provides limited coverage amounts, and the deductible is designed to help balance the insurance pool while still ensuring that policyholders have some financial protection in the event of a flooding incident.

By establishing a deductible at this level, the NFIP encourages policyholders to share in the costs of flood damage, thereby making the program more sustainable. Understanding this deductible is crucial for individuals seeking flood insurance, as it impacts their overall financial responsibility in a disaster scenario.