Rumor: If my home is determined to be “substantially damaged”, I will only receive 50% of the cost to repair that damage from the National Flood Insurance Program.

Fact

This is false. A substantial damage determination DOES NOT affect the amount you receive for a claim under your National Flood Insurance Program (NFIP) policy. The NFIP will pay all damage covered under your policy.

Some policyholders with substantially damaged homes may receive additional money through Increased Cost of Compliance coverage to help bring their building up to locally required building standards. Contact your flood insurance company or agent for more information.