Many homeowners don’t believe that flooding will destroy their property. The Federal Emergency Management Agency (FEMA), however, argues that all 50 states experienced a flood. What’s worse, homeowners who thought that flooding wouldn’t affect their house are suffering from financial loss as a result of this misinformation.
If you want to stay ahead of the next flood, get a flood insurance from a reputable provider, such as Gulf Harbor Insurance. On top of that, make sure you’re aware of the facts that debunk the myths surrounding flood insurance.
Here are common misconceptions about flooding and the truths you should take note.
Not All Houses Are in Flood Zones
All homeowners live in a flood zone. The only difference is that some flood zones have a higher risk of flooding than others. These high-risk areas, otherwise known as Special Flood Hazard Areas (SFHAs), carry a 25 percent probability of flooding during the life of a 30-year home loan. On the other hand, Non-Special Flood Hazard Areas (NSFHAs) experience fewer (but not zero) floods.
Only High-Risk Areas Require Flood Insurance
Anyone can get flood insurance regardless of a house’s level of flood risk. While some areas are more prone to flooding, it does not mean that lower-risk zones will never experience a catastrophic flood.
A 100-Year Flood Zone Will Only Experience a Flood Every 100 Years
The term 100-year flood, along with similar labels like 1,000-year, 500-year, 50-year, and 25-year flood, refers to the chance of a flood’s occurrence. A 100-year flood, in this case, has one in a hundred chance of happening or a one percent chance each year. This doesn’t mean that a flood will occur only once in that period. It’s possible for a 100-year flood zone to flood more than once during the specified period.
If you meet homeowners who believe any of these flood myths, make sure to tell them the facts that throw light on these misconceptions. Additionally, encourage them to get a flood insurance policy if they don’t have one yet.