7 Flood Insurance Myths

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Published: March 23, 2011
By: Dona DeZube
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Much of what you know about federal flood insurance may be flood insurance myth.

How many of these seven flood insurance myths do you believe?

Myth #1: Hurricanes, not floods, are the No. 1 natural disaster and cause the biggest economic losses in the United States.

Hurricanes grab the headlines, but because floods happen in virtually every part of the country, they cause more losses than any other type of natural disaster.

What causes floods?

Rising rivers

Storms

Early snowmelts

Manmade problems from the construction of roads, shopping malls, homes, and industrial complexes

Hurricanes

Next: Myth #2: Everyone who lives in a flood zone has to buy flood insurance.

Dona DeZube

Dona DeZube has been writing about real estate for more than two decades. She lives in a suburban Baltimore Midcentury modest home on a 3-acre lot shared with possums, raccoons, foxes, a herd of deer, and her blue-tick hound.

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