One- To Four-Family Properties with Multiple Losses Insured by the National Flood Insurance Program

The increased frequency and severity of flooding in the United States are likely to increase the number of properties that experience multiple flood losses. However, only limited information is readily available on the characteristics of such properties despite being a significant driver of the claim costs of the Federal Emergency Management Agency (FEMA)'s National Flood Insurance Program (NFIP). Data are available on the location of properties that have repeatedly flooded, for example, but information is not readily available on the cause of loss (coastal flooding or riverine flooding), structure type, the distribution of losses (multiple small losses or fewer large losses), losses relative to structure and property value, and attractive mitigation strategies for different types of properties. This report examines properties with multiple losses insured by the NFIP and the communities in which they are located to help inform decisions related to floodplain management, flood insurance, and mitigation efforts. This information should help (1) the NFIP better understand the specific challenges faced by these properties and the communities in which they are located, including consideration of equity issues, and (2) develop more-targeted mitigation programs and risk transfer strategies.