According to the National Flood Insurance Program (NFIP), floods are the most common natural disaster in the United States. Yet, many homeowners and renters are not protected by an appropriate level of flood insurance. Why not? Largely because of a series of myths and misconceptions about floods and the need for flood insurance, according to Houston lawyer Steve Mostyn.
Here is a list of the most common misconceptions that contribute to homeowners being underinsured in the event of a flood.
Consider these limits, and if you think you might be left high and dry if you lose everything in a flood, consider getting supplemental insurance from a private carrier.