See highlights from the conversation below. You can also get a full recap here and continue the conversation on Twitter by using the hashtag #BackToFloodSchool.

Q1. Frugal homeowners may not want to believe that they need flood insurance. What is the best way to convince a penny pincher that flood insurance is a necessary expenditure? #BackToFloodSchool pic.twitter.com/JFLUUxV1YT
— PropertyCasualty360 (@PC_360) August 24, 2021

Flooding is the most common property loss in the U.S. Where it rains, it can flood! @FEMA states that 1 inch of water can cause $25,000 in damage, but flood insurance costs on average $700/year – not a lot by comparison. #backtofloodschool
— American Property Casualty Insurance Association (@TeamAPCIA) August 24, 2021

Point out the cost of drywall – how long would they have to bank the premium in order to pay for the repairs, and will they actually save that money? #backtofloodschool
— FC&S Expert Coverage Interpretation (@FCS_Coverage) August 24, 2021

Q2. What is the most common mistake homeowners make when securing flood coverage? #BackToFloodSchool pic.twitter.com/NCb1XUnS3x
— PropertyCasualty360 (@PC_360) August 24, 2021

Great point! Also, don't let a flood policy lapse. Many policies have preferred pricing that can go away if continuous coverage is not maintained. #BackToFloodSchool
— Westfield (@Westfield1848) August 24, 2021

Q3. What can homeowners do year-round to prevent flooding? #BackToFloodSchool pic.twitter.com/JAq6lfw0Pi
— PropertyCasualty360 (@PC_360) August 24, 2021

Home maintenance, such as keeping rain gutters unclogged & the exterior free of foundation and masonry cracks. Having a flood plan in place is important also. Flash floods can happen quickly, giving homeowners very little time to prepare. #BackToFloodSchool
— National Flood Insurance LLC (@National_Flood) August 24, 2021

Clear street drains of debris, install flood detection systems, ensure gutters & downspouts are clear, improve drainage around your home, slope land away from foundation, test sump pump and have a backup power source. #backtofloodschool
— American Property Casualty Insurance Association (@TeamAPCIA) August 24, 2021

Q4. What is the difference between flood damage versus water damage? #BackToFloodSchool pic.twitter.com/YbR6xzaxPY
— PropertyCasualty360 (@PC_360) August 24, 2021

Flood damage is covered under flood insurance; water damage is covered under homeowners insurance. 90% of all U.S. natural disasters involve flooding. @PC360 #BackToFloodSchool
— Insurance Information Institute (@iiiorg) August 24, 2021

We have also seen water main breaks that flood multiple properties, which would be covered by flood insurance. #backtofloodschool
— Westfield (@Westfield1848) August 24, 2021

Q5. What are the pros and cons of purchasing both private flood insurance and NFIP plans? #BackToFloodSchool pic.twitter.com/he2DCgi3Oh
— PropertyCasualty360 (@PC_360) August 24, 2021

One advantage to purchasing through the NFIP is their grandfathering option which allows homeowners to keep low-to-moderate risk flood zone rating if their home is later re-mapped into a special hazard flood area. #BackToFloodSchool
— National Flood Insurance LLC (@National_Flood) August 24, 2021

One con to purchasing through the NFIP is the limited coverage options: $250.000/$100,000 maximum limits for building/contents. Private carriers can offer increased limits of coverage and replacement cost for contents. #BackToFloodSchool
— National Flood Insurance LLC (@National_Flood) August 24, 2021

Both usually have similar coverage, but private markets are getting more creative w/ extra limits & special coverages. #BackToFloodSchool
The NFIP is open to almost everyone (whose community participates). Private markets are not available in all areas/all properties.
— Westfield (@Westfield1848) August 24, 2021

Q6. What is not covered by the NFIP? #BackToFloodSchool pic.twitter.com/VQ5ikZqZxg
— PropertyCasualty360 (@PC_360) August 24, 2021

NFIP does not provide coverage for structures that are not attached to the home, such as detached garages or sheds. There is also no coverage for additional living expenses, which would cover living costs if home is uninhabitable due to flood damage #BackToFloodSchool
— National Flood Insurance LLC (@National_Flood) August 24, 2021

The NFIP only covers flood – not fire, wind, other perils. It's designed specifically for flood only.#backtofloodschool
— FC&S Expert Coverage Interpretation (@FCS_Coverage) August 24, 2021

Q7. Are there pronounced trends emerging for flood claims? (ie, are claim costs increasing, decreasing, remaining static) What is driving that? #BackToFloodSchool pic.twitter.com/FeqlRDiJHy
— PropertyCasualty360 (@PC_360) August 24, 2021

Claim costs are increasing for all types of property insurance, flood claims included. We tend to see spikes in material and labor costs after major catastrophic events due to everything being in short supply. #BackToFloodSchool
— Westfield (@Westfield1848) August 24, 2021

Claims are increasing in frequency and severity alongside extreme weather events. Also, as the economy and population grows, and average size of homes is getting larger, claims are increasing. Get coverage! https://t.co/hzVagAFJdd @PC360 #BackToFloodSchool
— Insurance Information Institute (@iiiorg) August 24, 2021

Q8. Are there any particular regions of the country where homeowners are greatly underappreciating their flood risk? #BackToFloodSchool pic.twitter.com/PlTxfPp8an
— PropertyCasualty360 (@PC_360) August 24, 2021

Great point as well! Wherever it can rain, it can also flood. Many also underestimate the flooding risk following a drought. When the land is too dry it cannot absorb the water fast enough, often leading to flooding conditions. #BackToFloodSchool
— National Flood Insurance LLC (@National_Flood) August 24, 2021

It's estimated that upwards of 40 million properties have moderate to severe flood risk, which is significantly more than the 5-plus million properties protected through the NFIP. #backtofloodschool
— American Property Casualty Insurance Association (@TeamAPCIA) August 24, 2021

Special Reports /

#BackToFloodSchool: Educating flood insurance clients in a Twitter chat

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