Insurance coverage for flood damage is available through the National Flood Insurance Program. The NFIP operates by having

		private insurers sell and service the policies, with the federal government bearing the risk
		private insurers sell and service the policies while sharing the risk with the federal government
		private insurers underwrite the risk with the federal government acting as a reinsurer only in the event of a bad loss experience.
		all polices sold and serviced by the federal government, who also bears the risk