A homeowners' property is damaged by flood waters. The repairs for the property would be covered by?

Coverage for damage caused specifically by flood waters is not included in standard homeowner's insurance policies. These typically cover damage from perils such as fire, theft, and certain types of water damage but explicitly exclude flooding.

The National Flood Insurance Program (NFIP) is a federal program that provides insurance coverage specifically for flood-related damages. Homeowners who live in flood-prone areas are encouraged to purchase flood insurance through the NFIP to protect themselves against the financial fallout of flood events.

The other options refer to different types of coverage or programs. The homeowner's basic or broad form policies would not cover flood damage, as floods are generally excluded. The Federal Fair Housing Association is unrelated to insurance and focuses on housing discrimination issues. Thus, the best answer regarding coverage for flood damage is clearly the National Flood Insurance Program.