Please ensure Javascript is enabled for purposes of website accessibility

7 Myths and Facts About Flood Insurance

Flood insurance facts

7 Myths and Facts About Flood Insurance

Homeowners and home buyers should clearly understand flood insurance facts to avoid confusion in case of a flood. Not all flood plans cover every type of flood, so you must be careful what you sign up for. Be aware of the following common flood insurance myths to help clear costly misunderstandings.

Myth #1: Nobody Can Buy Flood Insurance in a Flood Zone

The truth is you can buy flood insurance any place where the community participates in the National Flood Insurance program. It’s been around for decades for people who live in high-risk “Special Flood Zone Areas.” Homeowners who live in these zones make up three-quarters of the market for these insurance plans.

Under federal law, mortgage lenders must require flood coverage for home buyers who purchase properties in high-risk zones.

Myth #2: Nobody Can Buy Flood Insurance Outside of a Flood Zone

Once again, any homeowner can buy National Flood Insurance if they live in a community that participates in the federal plan. About 20 to 25 percent of people who tap into this resource live outside flood plains. Those who live in lower-risk areas pay about $500 per year for flood insurance.

Myth #3: Federal Disaster Assistance Automatically Pays for Flood Damage

A flooded area must first be declared a federal disaster area for the community to be eligible for federal assistance. Less than half of flooding incidents tend to meet these criteria. If you lack flood insurance, you will need to buy flood coverage to meet federal relief requirements.

Myth #4: Only Homeowners in High-Flood-Risk Zones Need Flood Coverage

You should consider flood insurance regardless of where you live because flooding can happen in the most unexpected places. All it takes is one strong storm for bodies of water to overflow and flood an entire town, destroying millions in assets.

Myth #5: Standard Homeowners Insurance Policies Already Cover Flooding

Many homeowners insurance plans need more complete or even partial coverage for flooding. A standard policy may pay for broken pipes, but usually not for large natural disasters. You’ll need a flood coverage endorsement.

Myth #6: Flood Insurance Is Only Available for Homeowners

Flood insurance is available for many structures beyond homes, including condominiums and commercial properties like apartment complexes.

Myth #7: You Can’t Buy Flood Insurance If Your Property Has Been Flooded

It’s still possible to purchase flood insurance after your home or other living space is flooded if your community enrolls in the National Flood Insurance Program.

Protect Your Assets with the Right Coverage

A flood insurance endorsement to your existing homeowners policy can help protect your assets more effectively in case of flooding. Since flooding can happen in any region due to extreme weather, having the right flood coverage in place is imperative. If you have any further questions about flood coverage, contact us at Remland Insurance today or call us at (714) 532-3341) for friendly assistance.

Contact Us


    The COVID 19 virus has certainly changed our lives for the short term both at home and at work. Our office is working in compliance with state and local officials and their request to minimize contact with others for the short term so that we can shorten the life of this virus.
    As such, our offices will be available by phone or by e mail 8-5 Monday thru Friday. If you need to make an appointment to come by, please call us before you drop by, so we can reduce risk, and take care of our staff and just be safe.
    Please don’t hesitate to call us and if for some reason you can’t reach us, please look at our website for carrier contact information. Thank You for your continued business.

    Contact us Call Us