Flood Insurance: Fact or Fiction
When people need answers, they defer to authority figures to find them, whether that's a search engine, a friend or a parent. As an insurance agent, you are that authority. You attend trainings, watch NFIP webinars, attend conferences and more so you can stay up to date in the world of all things insurance and be the best support to your client. When your clients come to you confused and seeking answers, you can share the facts with them and advise them to get the right flood insurance coverage to protect the lives they've built. Some of the common misconceptions people make about flood insurance are:
Myth 1: Flood insurance will help me with my basement.
Fact: Basements receive limited coverage under a typical flood insurance plan—and the NFIP strongly advises people to complement their standard flood insurance policy with a contents coverage policy to expand upon what a building policy covers in a basement.
Read more: The NFIP has resources to assist you in clarifying coverage questions and has a basement flooding infographic available for download.
Myth 2: I don't need flood insurance because I don't live near the ocean.
Fact: Regardless of where you live, everyone has some risk of flooding. With changing weather patterns and worsening storms, it's a great idea to review your clients' flood risk to determine which policy is right for them.
Read more: When people have difficulties in visualizing the dangers flooding may pose to them, seeing the historical data about floods in their ZIP Codes™ may be the insight they need to make a purchase. Use the NFIP's Historical Flood Claims Map to show exactly how much damage flooding has caused, state by state, over time.
With so much information online, it's easy to get lost in the mix and succumb to common misconceptions. Talking through difficult conversations with your clients may be the push they need to protect their homes against the risks of flooding. Subscribe to our mailing list to receive the latest news and stay informed to have the tools to talk with your clients.
