Flood Insurance
Determining the exact amount of coverage you need will require the help of a Texan Insurance agent who can assess the specifics of your situation. Critical factors include the location/flood zone of your property, the coverage amount of your home insurance policy, and the amount of personal possessions that need coverage.
Flood insurance is provided by the NFIP, but several companies manage and administer the program. We recommend that home- owners purchase their home and flood policies from the same com- pany if possible. That way, if there is a claim involving both policies, you have a higher chance of only dealing with 1 claims adjuster.
Flood insurance protects you from damage done to your home and personal possessions by rising water from an outside source like street flooding. It is NOT part of a standard homeowner’s policy and must be purchased separately.
Customer Benefits
Customers appreciate products or services that are tailored to their individual needs.
- Sustainability for a better planet.
- Time and cost savings for efficiency.
- Quality Health Insurance and Care
When is Flood Insurance Required?
Lenders will often require flood insurance for properties located in high-risk areas. Even if the property is not located in a high-risk area, the lender can still require flood insurance coverage. It’s important to understand your mortgage contract and what is necessary prior to purchasing or refinancing your home.
How Do I Determine If I Need Flood Insurance?
Some lenders will require you to carry flood insurance if your home is located in a high-risk flood area, as determined by FEMA’s flood zones. If the lender does not require it, you should still assess your risk of flood damage. According to FEMA, 20% of all flood claim payouts occurred outside high risk flood zones.
