Flood Insurance in Texas
Your Texas home is a vital investment for you and your family. You may have purchased homeowner’s insurance, but while this is a substantial first step, it still is not enough, as flood losses are not covered by homeowner’s insurance. The Federal Government’s flood policy, the National Flood Insurance Policy (NFIP), may be required. You can get a flood policy with the assistance of Shell Insurance Agency. Get started today by getting in touch with us.
Is flood insurance needed?
The Federal Emergency Management Agency (FEMA) details that the number one natural disaster in the United States is flooding, and low-to-moderate risk regions accounted for over 20% of flood claims. Therefore, high-risk area homes are not the only homes that require flood insurance. A standard Texas flood insurance policy is also applicable to mobile homes, businesses, condos, fixed-structured homes, and rentals.
While we can't ensure the rising water will not destroy your property, our flood insurance can help you recover the damages.
It is important to remember these policies have a 30-day waiting period. Adequate protection can be ensured with the help of our Shell Insurance Agency agents.
What does flood insurance cover?
Your personal belongings and your home in Texas can be covered by these two types of coverage:
Building property coverage
It may help protect your home’s physical structure, its foundation, central air and heating systems, detached garage, plumbing, electrical systems, and paneling. It typically pays out the repair costs for a primary residence on a replacement cost basis and a vacation home on an actual cash value.
Personal contents coverage
This coverage may protect your curtains, electronics, some portable appliances, clothing, and certain valuables like art. It pays out, with depreciation taken into account, on an actual cash value basis.
What does flood insurance not cover?
Basic flood insurance policies do not cover the following expenses and property:
- Paper valuables like stock certificates, currency, and precious metals
- Outdoor property such as fences, wells, and hot tubs
- Temporary housing or other such living expenses
- Self-propelled vehicles and cars
- Damage from mold/mildew or moisture that the homeowner could avoid
Contact our Shell Insurance agents in Deer Park, TX today to get assistance in selecting a suitable flood insurance policy for you.