As an insurance agent with Farmers of Houston, Texas, I often get questions about flood insurance. Here are eight reasons to consider getting flood insurance:
1) Your homeowners insurance policy does not cover flood damage. One of the main reasons people get homeowners insurance is to protect themselves against a loss from fire. In Texas, you are much more likely to suffer flood damage than fire damage. Flood insurance is valuable coverage for one of your most important assets.
2) Everyone lives in a flood zone. (According to the FEMA website). In other words, there is no such thing as a house that cannot be flooded.
3) Even an inch or two of water can cause very expensive damage to your property.
4) Federal disaster assistance is usually a loan that you must pay back with interest. This is not a good substitute for insurance.
5) It’s easy to get flood insurance. You can get a quote and apply for a policy online or over the phone. This often takes less than 15 minutes.
6) In the event of a flood disaster, it’s much better to be one of the people with flood coverage!
7) With this insurance your family will have less to worry about when a big storm hits the news.
8) Flood insurance is generally inexpensive. Below is a table for consumers who qualify for the preferred residential program:
content only
$8,000 $61 per year
$20,000 $116 per year
$40,000 $146 per year
$60,000 $166 per year
$80,000 $181 per year
Combination of Start and Contents
Construction-Content-Cost
$20,000 $8,000 $112 per year
$50,000 $20,000 $180 per year
$100,000 $40,000 $233 per year
$150,000 $60,000 $264 per year
$200,000 $100,000 $317 per year
Not everyone will qualify for the preferred rates. If you want flood coverage, check with a good insurance company and get details and a quote. Customers in Texas can learn more on my Texas flood insurance site. Or you can call my office at 281-537-2700.