5 Misconceptions About Flood Insurance Eligibility In 2022

​If you want to get or update your existing flood insurance policy, there are certain things that you need to know first. You need to know many significant facts about flood insurance; we will focus on misconceptions and wrong ideas regarding the policy. 

Here are those five common misconceptions as follows.

You Won't Be Eligible For Flood Insurance If You Live In A Flood Zone 
One of the most common misconceptions about flood insurance that you need to know is your non-eligibility for this type of insurance policy if you are in a flood zone area.

As long as you're registered in the National Flood Insurance Program, your property may still be covered by flood insurance. You have to prove that you're qualified for the insurance policy, and they will be able to help you out.

You Won't Get Flood Insurance If You Live In A Flood Protected Area 
Secondly, there is also another misconception regarding the location of your house. Some say that you may not be able to get flood insurance if you don't live in a flood zone area. Everybody is eligible for flood insurance no matter their status in society and where the location may be.

Flood Insurance Comes With Home Insurance and Vice Versa
Another flood insurance misconception is that flood insurance is generally part of home insurance coverage. This is not true. You should know that flood insurance is usually bought separately from home insurance.

If Your House Was Already Flooded Once, You Will Not Be Eligible For Flood Insurance
People may ask if they are still eligible for flood insurance if their house has already been flooded. The answer is yes. They would still be eligible as long as you can pass the requirements that your specific insurance company may need.

Flood Insurance Only Applies to Residential Properties 
Those with residential properties and business platforms that need a physical building would also be eligible for flood insurance ownership. As mentioned earlier, you should only be aware of the requirements you need to apply.

Conclusion
With these misconceptions and the truth behind them, you will be able to learn more about flood insurance as you go. You will be able to utilize your existing policy knowing that you can apply for an upgrade whenever necessary because you already know some details regarding your rights as a residential owner.

At Family Auto Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (313) 285-9042 or Click Here to request a free quote. Any coverage discussed is not guaranteed. Contact us today to go over your specific needs and we are happy to help you find a policy that works for you and your budget!