FAQs about the National Flood Insurance Program

Q: I have a homeowner's insurance policy. Why would I buy flood insurance?A: Flood damage is not typically covered by a homeowner's insurance policy.Q: If my home is flooded, won't federal disaster assistance pay for my damages?A: Not necessarily. Most forms of federal disaster assistance require a presidential declaration. Plus, federal disaster assistance typically comes in the form of a low-interest loan to help cover flood damage, not compensation for your losses. Those loans must be repaid.