### Question
How does the law define property?


### Answer
Under *42 U.S.C. § 4057*, **property** is defined as:

> real or personal property that is insured under a standard insurance policy for loss or damage to structure or contents

#### Citation:
  - *42 U.S.C. § 4057*
  - Heading: **CHAPTER 50-NATIONAL FLOOD INSURANCE > SUBCHAPTER II-ORGANIZATION AND ADMINISTRATION OF FLOOD INSURANCE PROGRAM > Part A-Industry Program With Federal Financial Assistance**

