4 Common Myths About Flood Insurance

4 Common Myths About Flood Insurance

11:40 03 February in Insurance, Personal

Flood insurance is a type of coverage that is very easy to overlook, especially if you don’t know that you need it. If you live in an area where rain fall is infrequent or if you’re not near a coastline, you may think that flood insurance is a waste of time and money.

Unfortunately, thousands of property owners who believed the same thing are suffering tremendous financial loss as a result of this misinformation. Get clear on the truth with the following common flood insurance myths and save yourself from a similar fate.

  1. Myth: Your regular home insurance covers flood damage.

The typical home insurance policy does not cover flooding events at all.

Truth – If you want the security and protection that flood insurance provides, you must purchase flood coverage separately, as a supplemental insurance for your owned home, rental unit, business property and personal belongings.

  1. Myth: You can’t get flood insurance if you live in a high-risk flood zone.

If you live in a location that the Federal Emergency Management Agency (FEMA) regards as flood prone, you may worry that you won’t be able to get flood insurance coverage.

Truth – It doesn’t matter where your home or business is, as long as your community is part of the National Flood Insurance Program (NFIP) you are eligible to receive coverage.

  1. Myth: If you live in a low-risk area you don’t need flood insurance.

If you think that living in a low-risk zone means you don’t need to have flood insurance, think again. Approximately 30 percent of flood insurance claims are made by policy holders who live or work in low-risk areas. Flooding has affected all of the 50 states in the Unites States in the last few years.

Truth – Every area is prone to flooding. So if you have a home, business or personal property you want to protect, it is important to have adequate flood insurance coverage, even if you think you may never need to use it.

  1. Myth: The source of the flooding doesn’t matter.

When it comes to your insurance company honoring your flood claim, most policyholders believe that any flooding qualifies. However, this is completely false.

Truth – The source of water damage matters, and not every water related incident constitutes a flood. Flood insurance typically covers damage caused by tidal and inland water or water that builds up quickly due to runoff from heavy rain or melting snow. But this type of policy does not cover water damage caused by backed up sewage lines or high groundwater levels.


Not having proper flood insurance coverage puts you at risk for substantial loss if the unimaginable were to happen to your home, rental unit or business property.

If you aren’t sure whether or not the National Flood Insurance Program is available in your area, work with an experienced insurance agency to confirm your eligibility. Call Ihry Insurance today to get more information and a free flood insurance quote.

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