Myth: It won't happen to me
Fact: you don't have to live by the water to be at risk. Approximately 30 percent of all flood claims occurs in low to moderate risk areas.
Myth: My Homeowners Insurance is enough
Fact: Homeowners Insurance does not cover flood damage - federal flood insurance does. Flood insurance also covers mudflow, dirt and debris resulting from moving water.
Myth: I don't need flood insurance
Truth; Homeowners with mortgaged property in special flood hazard area are now required by federal law to obtain flood insurance Lenders must comply by requiring flood insurance on the outstanding mortgage balance for the life of the loan.
Myth: The government will pay
Fact: To receive federal disaster assistance, a flood must first be declared a federal disaster by the US president. Less than 50 percent of the floods that damage homes across the country every year wind up being classified as a federal disaster.