Beaty Insurance offers different types of flood insurance for Texas property owners. Flood insurance can be a particularly important type of homeowner's insurance, depending on where you live. The following will help you learn more!
What is Flood Insurance?
Flood insurance covers damages caused to your property by flood events. Note that most flood insurance covers only direct damage from flooding and not any related issues that the flood may bring, like mud problems or mold damage.
Flood insurance is usually purchased along with more general homeowners insurance and is heavily based on location. Flood maps show what areas of Texas are at risk of flooding and are often used to make flood insurance decisions.
Do I Need Flood Insurance?
The state of Texas does not require you to have flood insurance. However, if you have a mortgage, a lender may require you to purchase flood insurance along with it if your property is in a flood zone.
There are two large flood zones in Texas that all property owners should be aware of. The first is a large area along the Gulf Coast that's close to sea level and can quickly flood with seasonal rains. The second is "flash flood alley" in central and northern Texas, where the landscape creates a particular risk for floods after heavy rainfall. As you can imagine, these two zones cover a lot of space and many major cities! As a result, flood insurance is more common in Texas than in many states.
Are There Different Kinds of Flood Insurance?
Traditional flood insurance typically only covers property damage but doesn't pay for any damage to possessions or missing belongings. There are alternative plans that can cover your belongings as well. Both types of flood insurance usually take around a month to begin after purchase, so they can't be bought right before bad weather.
Remember, flood maps and zones at risk of flooding can change over time. Are you interested in learning more about flood insurance in your area, or putting together a flood policy that works best for you? Contact Beaty Insurance of Texas today to get started!