Myths about Flood Insurance

11/16/2018 (Permalink)

Myth: I receive flood insurance through my homeowners insurance.

Fact: Homeowners insurance policies do not normally cover flood damage. You must purchase a separate Federal flood policy. 

Myth: Even if my property does flood, it wouldn’t be very much.

Fact: Just 5 inches of water can cause over $25,000 worth of damage. 

Myth:Only those who live in a Special Flood Hazard Area can buy flood insurance. 

Fact:Floods can happen anywhere. Anyone can buy flood insurance. 

Myth: I don’t need flood insurance if I can get disaster assistance from FEMA.

Fact: A flood insurance policy response to flood events that may not be severe enough to result in a presidential disaster declaration. Before FEMA assistance becomes available, the flooding incident must be severe enough declared a federal disaster by the president. Federal disaster declaration are issued in less than 50% of flooding events. 

 To get more flood insurance facts, visit Floodsmart.gov or call your local insurance agent