Flood Insurance in Texas
Flood insurance in Texas is often misunderstood by people. At the Kimble Brown Insurance Agency, we want people in and around Southlake, TX to have a full understanding of flood insurance, and all that entails. Do you need flood insurance? Here is what you should know.
Standard Home Insurance Doesn't Typically Cover Flooding
Many people don't find out until after the fact that their insurance coverage does not extend to flooding and flood damage. Flood insurance has a special designation as it comes from the FEMA National Flood Insurance Program (NFIP). This is a form of insurance separate from home insurance and, as such, it comes with its own criteria.
Flood Insurance is Only Mandatory in Certain Areas
For most people, flood insurance isn't a requirement. Nevertheless, if your home is in a designated flood zone, then your lender will undoubtedly require you to have flood insurance. The lender may require you to have flood insurance even if your home isn’t in a designated flood zone but sits close to one. The flood zones change and fluctuate over time, so the risk of flooding is still present.
Flooding Can Happen Anytime and Anywhere
Even when flood insurance isn't mandatory, it's worth considering. Flooding is one of the most common natural disasters. You can experience flooding in Texas from several sources, even if you’re nowhere near a designated flood zone. Hurricanes, flash floods, tropical storms, and other events can cause expensive damage. Flooding can easily ruin a home’s foundation, as well as your personal belongings. Those costs add up quickly.
Ask About Flood Insurance and How It Can Benefit You
In and around Southlake, TX, flooding is a reality people must consider. Even if you don’t think you need it, you should speak with an agent at the Kimble Brown Insurance Agency to get the facts. If you want to know more about flood insurance or want a flood insurance quote, contact us today.