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Covered for Flooding? 3 Myths Debunked

Ashley Insurance Agency makes it easy to buy flood Insurance through Neptune.


Every state and 98% of the nation's counties have experienced a flooding event. Still, only 5% of U.S. residents have flood insurance. Only 40% of the A or V zones (FEMA designated as high-risk) are insured. Why aren't more people buying flood protection? Mainly because homeowners believe one of these myths:



Myth #1:

My House isn't in a "flood zone" or my lender doesn't require it.


Truth #1:

If in a high-risk (mandatory) flood zone (starts with A or V) then you're required by law to have flood insurance if you have a mortgage. About 70% of Hurricane Harvey victims did not have flood insurance, mainly because their flooded homes were not in A or V zones, so they were not required to buy it. With 75% of FEMA maps outdated (some as old as 1983), this just isn't a reliable indicator of risk. 25% of all flood claims occur outside of high-risk (A & V zone) areas.



Myth #2:

I have a homeowners policy, so I am covered.


Truth #2:

Homeowners and renters policies do not cover flooding. Customers need a separate flood policy to cover flooding events.



Myth #3:

If a flood ever happens, FEMA will bail me out.


Truth #3:

A federal disaster must be declared before FEMA assistance becomes available. If a declaration is made (occurs less than 50% of the time), the "bailout" is usually in the form of a low-interest disaster loan, which must be repaid. Some families also rely on grants which, if provided, are not enough to cover losses. For example, Hurricane Harvey victims received an average grant payout of only $4,300 from FEMA, while the average loss was $116,823.


Choose the Protection You Need

It takes 2 minutes to get a flood quote with Neptune. You can even buy extra coverage for temporary living expenses and replacement cost on your rental property. Get what you need to protect your home and family. The average flood loss over the last 3 years was $73,960.


Copyright © 2021 Neptune Flood Incorporated. All Rights Reserved. Revised 7/21.

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