Flooding is the most common and costly natural disaster in the United States—and it can happen anywhere. Even just one inch of water in a home can cause over $25,000 in damage. Yet many homeowners mistakenly assume they’re protected. This page answers common questions, clears up myths, and provides helpful resources to protect you and your property.
Frequently Asked Questions
Does my homeowners insurance policy cover flooding? No. Standard homeowners and renters insurance policies do not cover flood damage. You must purchase a separate flood insurance policy to be protected.
Am I eligible for flood insurance? If you live in a community that participates in the National Flood Insurance Program (NFIP), you are eligible for federal flood insurance.
If my home floods, won’t federal disaster assistance cover the damages? Not always. Federal disaster assistance is typically a low-interest loan, not a grant—and it’s only available if the President declares a federal disaster. That loan must also be repaid, often alongside your mortgage.
I live in a low-risk flood zone. Do I still need flood insurance? Yes. More than 20% of NFIP claims come from moderate- and low-risk areas. If you’re in a lower-risk area, you may qualify for a Preferred Risk Policy with lower rates—starting at $49/year for contents-only coverage.
Why would I need flood insurance if my community has never flooded? Flooding can happen anywhere, not just in high-risk zones. Causes include:
- Poor drainage systems
- Heavy rain or rapid snowmelt
- Broken water mains
- Mudflows or runoff on hillsides
If you’re in a high-risk area, your home has a 26% chance of flooding over a 30-year mortgage—more than double the risk of fire.
Who do I contact to buy flood insurance? Contact your insurance agent or call the NFIP Referral Call Center at 1-800-427-4661. You can also visit www.floodsmart.gov to learn more.
Myths vs. Facts
| Myth | NFIP Fact |
| “I don’t need flood insurance.” | Flooding can happen anywhere. More than 20% of NFIP claims come from outside high-risk areas. |
| “Homeowners insurance covers flood damage.” | It doesn’t. You need a separate flood insurance policy. |
| “I can’t buy flood insurance.” | If your community participates in the NFIP, you can buy a policy—even if you’ve flooded before, don’t have a mortgage, or rent. |
| “My policy expired, so I’ve lost coverage.” | NFIP allows a 30-day grace period for renewal. Losses within that period may still be covered if payment is received. |
Private Flood Insurance in Arkansas
In addition to NFIP coverage, Arkansans can purchase private flood insurance at any time, even if they don’t live in a floodplain or their mortgage lender doesn’t require it.
Contact the Arkansas Insurance Department Consumer Services Division at 800-852-5494 for questions about private flood policies.
Important Note: Private policies won’t cover damage from an event that has already occurred. Buying now prepares you for the next flood.
If Your Policy Recently Expired
NFIP Policies: Expire at 12:01 a.m. on the last day of the term. A 30-day grace period applies if the renewal premium is paid.
Private Policies in Arkansas: The Arkansas Insurance Department set a 60-day non-cancellation window for flood victims (as of May 21, 2019). This is not a payment waiver—you must set up a payment plan with your insurer to keep coverage in place.