Debunking Six Myths About Flood Damage

On September 17, areas around Wilmington, North Carolina experienced historical rainfall of nearly 20 inches in a 12 hours causing flooding, collapsed roadways, and hazardous conditions. Meteorologists are calling it a 1,000-year flood.

In August 2024, Connecticut experienced torrential and lasting rains that brought historic flooding and devastation to homes and businesses in the western portion of the state. In a press release issued by Governor Ned Lamont, he stated, “These historic floods devastated homes, businesses, and infrastructure in western Connecticut, and we are committed to helping the impacted communities rebuild and recover as soon as possible.”

Beginning on September 3, 2024,  Governor Lamont allocated $5 million in state funds for recovery efforts. Small businesses and nonprofit organizations with fewer than 100 employees in Fairfield County, Litchfield County, and New Haven County that suffered damage from the storm can begin applying for grants of up to $25,000 to support their recovery efforts.

According to data tracked by the US Environmental Protection Agency, the average number of flood events per year has progressively accelerated across decades since 1950. The rate of increase of flood events per year is the largest at most locations in Hawaii and along the East Coast and Gulf Coast. For those living in Connecticut, there is reason for concern.

Floods are the most common and costly natural disasters in the United States. Floods can wreak havoc on homes and communities, and they can happen anywhere, not just in designated flood zones or near bodies of water. Despite this reality, many homeowners remain reluctant to invest in flood insurance. Let’s take a closer look at some common excuses for not obtaining flood insurance and the significance of flood insurance protection for homeowners.

1. “I’m not in a flood zone.”

It’s a common misconception that flood risk is exclusive to designated flood zones. In reality, floods can occur in areas that have never experienced them before due to climate change, urban development, and changes in weather patterns. Even if your home is not in a high-risk flood zone, it doesn’t mean you are immune to the possibility of flooding. Many homeowners living outside flood zones have experienced devastating flood damage.

2. “I’m not anywhere near water.”

Floods are not limited to coastal regions or riverbanks. Flash floods, urban flooding, and heavy rainfall can cause water and mudflow to accumulate rapidly even in areas far from traditional water sources. Furthermore, inadequate drainage systems or sewer backups can lead to indoor flooding. No location is entirely safe from the potential threat of flooding.

3. “I’ll never need it, it’s money wasted.”

While it’s tempting to think that you’ll never experience a flood, it’s essential to be prepared for unexpected events. Flood insurance provides financial security and peace of mind, ensuring that you won’t face the financial burden of repairing or replacing your home and belongings if a flood were to occur. It’s an investment in protecting your most significant asset—your home.

4. “My homeowner’s insurance will cover it.”

Contrary to this belief, homeowner’s insurance policies typically do not cover flood damage. Home insurance generally protects against events like fires, theft, and some natural disasters, but flooding is usually excluded. To safeguard your home fully, you need a separate flood insurance policy.

5. “It’s not available.”

Flood insurance is widely available through the National Flood Insurance Program (NFIP) in the United States and various private insurers. It’s essential to explore your options, including both NFIP and private flood insurance policies. While some areas might have higher premiums due to greater flood risk, affordable options are often available, making flood insurance accessible to most homeowners.

6. “My realtor told me the property would never flood.”

Realtors can provide valuable information, but they cannot predict the future with certainty. Climate change, changing weather patterns, and increased urban development can alter flood risk over time. Even if your realtor assured you of your property’s safety, it’s crucial to base your insurance decisions on risk assessment and expert advice rather than assumptions.

Flood insurance is a vital safeguard for homeowners, regardless of their proximity to water or flood zone designations. The risk of flooding is ever-present, and dismissing the need for flood insurance based on common excuses can lead to significant financial consequences in the event of a flood. Homeowners should take proactive steps to protect their homes, finances, and peace of mind by investing in flood insurance. Don’t wait until it’s too late; be prepared for the unexpected and ensure the resilience of your home against this unpredictable natural disaster.

This article was updated September 18, 2024.