Private flood insurance is very expensive and only a handful of companies offer excess flood insurance to homeowners with whose homes are valued at more than $250,000. The National Flood Insurance Program is the only program offering low- and middle-income homeowners flood insurance. If it disappeared, those homeowners wouldn’t have another option.

Myth #1: Hurricanes, not floods, are the No. 1 natural disaster and cause the biggest economic losses in the United States.
Myth #2:  Everyone who lives in a flood zone has to buy flood insurance.
Myth #3: Flood insurance is always expensive.
Myth #4: Taxpayers are footing the bill for federal flood insurance.
Myth #6: I don’t own a beach house. Those people use flood insurance most.
Myth #7: The flood insurance program subsidizes beachfront homeowners.