If your home is damaged in a flood, are you covered?
That depends on the value of your home, the level of water damage and whether you have flood insurance.
Regular homeowners insurance policies don't cover flood water damage. And policies through the National Flood Insurance Program top out at $350,000 for your home and goods. So you may need supplemental coverage if your home and possessions total more than that.
But, while people tend to associate floods with a total loss, the average flood claim for U.S. homeowners is about $11,000, says Don Griffin, vice president of personal lines for the Property Casualty Insurers Association of America.
Here are six myths that persist about flood insurance -- and the truth you need to know.