FOR IMMEDIATE RELEASE
'What the Flood!' NAIC Quiz Helps Americans Understand Flood Insurance
WASHINGTON (June 12, 2019) — The National Association of Insurance Commissioners (NAIC)
released a new online quiz, "What the Flood!," as part of its #YourRiskIsReal
campaign, an ongoing effort to educate consumers about flood risks and
the need to consider purchasing flood insurance. The
#YourRiskIsReal campaign educates consumers about flood risks and dispels dangerous
misconceptions about flood insurance.
The short, interactive quiz presents complicated insurance concepts in
easy-to-understand terms. Sample questions include: "Is damage from a
busted bathroom pipe and a burst levee covered by the same policy?" and
"If a hurricane floods your car, do you file a claim with auto or home?"
"There"s a lot of confusion out there about insurance coverage for
water-related damage. Insurance Commissioners want consumers to
understand which insurance covers the various flood perils, " said Eric
Cioppa, NAIC President and Superintendent of the Maine Bureau of
According to a recent national
survey sponsored by NAIC, 41% of Americans agree or strongly agree that flood
insurance is a "good idea," yet only 17% say they have purchased flood
insurance. (Federal Emergency Management Association (FEMA) estimates
that only about 3% have flood protection.)
Flood insurance policies are available through the
National Flood Insurance Program
(NFIP) and on the private market.
Some erroneous beliefs about flood insurance commonly held by consumers
My homeowners insurance covers me against floods.
Most homeowners and business insurance policies do not cover
damage caused by flooding.
FEMA assistance is just as good as an insurance policy.
Not everyone will qualify for FEMA assistance after a disaster,
and grants (averaging less than $8,000) are not enough to cover
all costs after a flood.
My home will be fine once it dries out.
Flooding can damage the foundation of a house, as well as the
walls and subfloors, causing mold and other problems. Fixing the
damage is expensive.
The survey was conducted online by Engine among a demographically
representative U.S. sample of 1,004 adults, including 502 men and 502
women age 18 and older. This survey was live May 20-22, 2019. Raw data
was weighted by age, sex, geographic region, race and education to
ensure reliable and accurate representation of the total U.S. population
18 and older.
The NAIC, together with FEMA, will host a Twitter chat from 2 to 3 p.m.
ET on Tuesday, June 18. Responding to questions in real time, @NAIC will
lead the chat focusing on disaster preparedness (floods, wildfires and
other events) using the hashtag
Survey document links:
Click here for survey methods and summary (docx)
Click here for survey results (xlsx)