Your flood insurance policy is likely backed by The National Flood Insurance Program, which aims to reduce the impact of flooding on private and public structures. It does so by providing affordable insurance to property owners, renters and businesses and by encouraging communities to adopt and enforce floodplain management regulations.These efforts help mitigate the effects of flooding on new and improved structures. 

Overall, the program reduces the socio-economic impact of disasters by promoting the purchase and retention of general risk insurance, but also of flood insurance, specifically.  For more information, visit FloodSmart.gov.