Flood Insurance In Texas
Flooding is a common disaster in Texas that can cost you millions in damages. Without proper planning and research, your home or business can be significantly affected by floods, mainly if your home is located in a high or moderate-risk flood area. At San Jacinto Insurance, we recommend buying flood insurance if you’re located in the coastal regions or live in an area categorized as a high-risk flood area. In this post, we will help you learn about flood insurance so you can make an informed decision.
What is Flood Insurance?
Flood insurance is a critical property insurance policy designed to protect your dwelling and personal belongings from damage by flood waters. These are floods caused by melted snow, prolonged rain, blocked storms, levee or dam failure, and blocked drainage systems. It’s important to know that you and your family are not covered. Additionally, if your home gets flooded by water from a burst pipe or faulty faucet, flood insurance doesn’t pay. That’s because the insurance company only pays for damage caused specifically by flood waters, not other external causes.
Who Should Get Flood Insurance?
Everyone should buy flood insurance. Just because floods have never hit your area doesn’t mean they will never affect you. Research has found that 20% of flood claims are filed by people from moderate and low-risk flood areas. That means everyone must get ready for a flood. Know your coverage, have options, and obtain enough coverage. Flood insurance has a 30-day waiting period, so the sooner you buy it, the better.
How Flood Insurance Works
Flood insurance works like other insurance products in Texas. If flooding occurs and affects your home after 30 days upon purchase, you need to call your insurance company and file a claim. They will assess the damage and pay according to your limits.
Now that you know the importance of flood insurance, why not purchase it as early as now? San Jacinto Insurance is happy to take you through the process. Contact us today for more information, queries, and quotes.
