Flood Insurance Frequently Asked Questions

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Just because you don’t live in a high flood risk area doesn’t mean it’ll never happen to you. At the Premier Shield Insurance agency, we’ll provide the specialized flood insurance coverage you need to help protect your home from flooding, climate change, and rising waters—even if you’re not in a flood zone.

Flood Insurance - Man in His Apartment Getting Flooded

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    Premier insurance companies can provide flood insurance for houses valued up to $3,000,000 in Texas, Ohio, Virginia, Massachusetts, South Carolina, Connecticut, New Mexico, New Hampshire, Maine, and Rhode Island.
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Debunking the main myths surrounding insurance for flooding.

There are several major myths about flood insurance that mean you could be taking an unnecessary risk, paying too much, or receiving inadequate flood insurance coverage for your property.

Flood Insurance is only offered by the government through FEMA and The National Flood Insurance Program (NFIP)

The first myth is that consumers often believe FEMA-approved food insurance policies are the only option for flood insurance coverage and policies.

The truth is, there are many private market flood insurance companies that oftentimes offer you better flood coverage and lower flood insurance premiums than you can find with NFIP/FEMA.

Premier Shield Insurance flood agents can shop and compare flood insurance policies with different companies to find you coverage above the standard $250,000 for your home or property.

Learn more about private market flood solutions through Neptune Flood & Premier Shield Insurance.


Flooding is a risk no matter where you live.


The second myth is that flood insurance is only needed for people living in designated flood zones. In reality, flooding is a potential risk everywhere and the damage can be devastating.


Homeowners’ policies don’t typically cover damage from floods.


The third myth is that homeowners insurance automatically includes flood coverage. In reality, that is usually not the norm, and you should always assume you aren’t covered unless your homeowner’s policy specifically says otherwise.


Only a small percentage of homes are covered by government programs.


The fourth myth is that government programs have taken care of flood insurance. There is a National Flood Insurance Program that guarantees the availability of insurance in specific areas. However, this only covers a tiny percentage of American homes.


The difference between having and not having a flood policy.


For most homeowners, floods are a low likelihood but high-cost risk. If you are hit by flooding you could lose most of your personal possessions, face major reconstruction work, or even be left homeless for months while your property is made habitable again. In most cases, not having coverage for flooding is a chance you simply can’t afford to take.

Contact us and we’ll help explain the benefits of obtaining a separate flood insurance policy.


Flood Insurance Coverage Area


The Premier Shield flood insurance agency can help shop and compare flooding insurance policy coverage options with multiple companies to help you get homeowners flood insurance coverage for homes up to $5,000,000 through companies like “Neptune Flood“, “The Hartford“, “Chubb“, “Progressive“, and “Foremost” in our flood insurance coverage area (TX, CT, MA, VA, SC, OH, RI, NH, ME, and NH).

Call and speak with a live flood insurance today at 1-774-847-7746 or request a flood insurance quote online.

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Find answers to Premier Shield flood insurance agent’s “Frequently Asked Flood Insurance Questions“. Get online answers to common flood insurance-related questions you may have.

  1. Do I Need Flood Insurance? Lenders require flood insurance in flood zones for financed properties. Learn more about cheap and affordable flood insurance quotes with “Premier Shield Flood Insurance Quotes”. Or learn more about our FEMA & Private Market Flood Insurance policies & products online.
  2. Is AE flood zone bad? Relative to an X Zone, AE Flood zones are ‘bad’ when comparing ‘risks of flooding’ and ‘flood insurance policy costs’. X Zone vs AE Zone is the more preferable option for homeowners. According to AMICA’s flood insurance section, ‘AE flood zones are areas that present a 1% annual chance of flooding and a 26% chance over the life of a 30-year mortgage, according to FEMA. Since these areas are prone to flooding, homeowners with mortgages from federally regulated lenders are required to purchase flood insurance through the NFIP.”
  3. Is it worth buying a house in a flood zone? According to Forbes, “Depending on the level of threat your property is exposed to—low-, moderate- or high-risk—you can face higher insurance premiums as well as potential damage to your home. … According to FEMA, there’s no such thing as a “no-risk zone,” but buyers can see how prone their property is to flooding using the flood maps.” Learn more about Forbe’s flood insurance online.
  4. Is flood insurance mandatory for Zone AE? Flood insurance is mandatory in all A zones because of the high potential of flooding. A-zone maps also include AE, AH, AO, AR and A99 designations, all having the same rates. Learn more about mandatory flood insurance online.
  5. Is flood zone a good or bad?: When it comes to ‘FEMA Maps’, ‘flood insurance risk’, and whether a ‘flood insurance zone’ is “Good” or Bad” depends on many factors. Every single property in the United States is “in a flood zone”. The best zone for flood insurance is “X”. “X Zone Insurance for Flood” is considered “good” however over 50% of flood insurance claims happen in “X Zones”. This is why you should still carry a flood insurance policy even if you believe the risk of flood damage is minimual.
  6. What is flood insurance based on?
  7. What is the best flood zone?: The Flood Zone X is considered the “best flood zone” based on the risk of flooding and annual flood insurance premium cost. – Premier Shield Insurance
  8. What triggers flood insurance coverage?: Flood insurance coverage is triggered by a financial purchase of a property ‘that is financed’ in a non-X flood zone according to FEMA flood maps. These flood MAPs and lending requirements are what trigger flood insurance requirements on your property.Learn more about flood insurance and flood insurance requirements with our agency’s flood insurance section.
  9. What is the standard deductible for flood insurance?
  10. When should you consider flood insurance?
  11. Does flood zone affect appraisal?
  12. How much does flooding devalue a house?: Research suggests that disclosing flood risk can cause property values to dip slightly — about 4% in most studies, although the effects vary in different parts of the country. Learn more about ‘flooding devalue’ online.
  13. What is the FEMA 50 percent rule?: Accord to FEMA’s website “Basic rule: If the cost of improvements or the cost to repair the damage exceeds 50 percent of the market value of the building, it must be brought up to current floodplain management standards. That means an existing building must meet the requirements for new construction.” Learn more one FEMA’s website
  14. Why are floodplains so popular for developers?: According to Williamette Partners “When floodplains are intact, flood waters can spread over a large area of flat open land. This reduces flood velocities and provides water storage to reduce flood depths downstream, reducing flood damage risks to downstream communities. Mar 21, 2018” Learn more on their website.
  15. Why you shouldn’t build in a floodplain? ‘Building on the floodplains makes the habitats for many creatures rare and unnatural as their natural habitat has been destroyed. It also makes it very dangerous for the creatures to build downriver as the oils and dirt gets washed into the river polluting it by dangerous amounts.’ Learn more about ‘Why building on Floodplains is a bad idea’ with Prezi.
  16. What are the advantages and disadvantages of living in a floodplain? Advantages include the fact that when you live in a floodplain, it creates recreational opportunities. These recreational opportunities include “Kayaking”, “Fishing”, “White Water Rafting”, and “Camping” for state residents. Residents of floodplains get to live near an excellent supply of water. The floodplain land is considered ‘rich and fertile’ by many experts. Read More about the Advantages and Disadvantages of Floodplain Living.