Flood Insurance in Texas
According to the Texas Floodplain Management Association, more than 12% of Texas land is subject to flooding. If the chance of flooding in the area where your home sits is 1% or higher in any given year, you will be required to have flood insurance.
Even if you are not in a high-risk area, purchasing flood insurance can be an essential way to protect your home and personal belongings.
Why do I need flood insurance if my risk of flooding is low?
According to the National Flood Insurance Program, a flood is defined as:
When normally dry land on two or more properties — one of which is your property — totaling two acres is more rapidly overflowed with water or mudflow from any source.
Once water touches the ground and enters your home, it is considered a flood, and only flood insurance will cover the cost of the damage. And it can be costly. Water can destroy flooring and walls, cause mold, create cracks, threaten the structural integrity of your home, and more.
This potential for costly damage is a fact whether your home is in a high-risk flood area. In fact, more than 20% of flood claims are filed for properties outside the U.S. Federal Emergency Management Association (FEMA) high-risk designated area.
How much does flood insurance cost?
The cost of flood insurance for Texas homeowners will vary. Factors that contribute to the cost include your home’s flood risk, the value of your home, and your deductible amount.
Do you need flood insurance in Kingwood, TX?
Are you looking for flood insurance to help protect your home from the potential damage water can do? Our team at Boss Insurance Agency in Kingwood, TX will help identify the policy that will best protect your family and home.