Texas Flood Insurance
We’ve all seen the news. Dams under threat after too much rain. Streets flooding when a river washes over its banks. Big storms that cover entire towns in water. Flooding happens everywhere.
If you live in a high risk flood zone, you probably already know all about flood insurance, especially if you have a mortgage. Lenders often require flood insurance in certain areas around Texas. But if what it’s not required? Does your standard homeowner’s insurance policy provide you with enough coverage?
No. It doesn’t.
Standard homeowners insurance doesn’t cover flood damage at all, and a big enough storm can drop water in places we sometimes can’t imagine. If you don’t have the proper Texas flood insurance coverage in place, you could be paying out of pocket for the tens of thousands of dollars (or more) in damage a flood brings with it.
In Texas, Flood insurance, most often provided through the National Flood Insurance Program (NFIP), is an affordable option to help you rest a little easier when water levels begin to rise. It’s not the kind of coverage you can wait on, either. Unless you’re buying a new home, there’s a 30 day waiting period for NFIP coverage. Some private insurers offer a 15 day wait, but either way, it’s not something you can buy when the storm hits.
The average Texas flood insurance policy only costs a few hundred dollars per year. The farther away you are from areas prone to flooding, the less you’ll pay. But any price is worth the peace of mind of knowing that your home is covered if your neighborhood is filled with water.
We know you don’t want to imagine that kind of devastation to your home. We don’t either, but it’s always better to be prepared, especially as major flooding around the country continues to make national news. We can help you understand your flood risk and find the best and most affordable Texas flood insurance coverage for your home. This should be as easy and hassle-free as possible for you, and we’ll make sure it is.