Texas Department of Insurance recently published an article regarding flood insurance.  Keep in mind that your home owners insurance policy does not cover damage from flood.  TDI suggests the following tips  when deciding if you need flood insurance in Texas.

Tip #1:  Determine your level of flood risk.

By visiting the FEMA Flood Map Service Center, you can determine whether you’re in a low, moderate, or high risk flood zone.   This gives you an idea of whether you’re at risk to flood according the government’s latest data.  As an insurance agent, we can obtain this data through one of our many flood insurance providers.  Our software interfaces with NFIP databases as a part of the rating process.  Making it easy to simultaneously get zone determinations and rates.

Tip# 2:  Buy it before you need it.

With the exception of lender required flood insurance, flood insurance has a 30-day waiting period before coverage takes effect.    Treat flood insurance like a credit, get it before you need it.

Tip #3: Average Cost

Before you do the normal consumer thing and call around to different agents, here’s a tidbit that will save you time.  If you’re like most people, saving time is also saving money.  According to TDI, the average flood insurance policy costs around $700 per year.  The cost is based on a number of factors including home value, flood zone determination, deductibles, and other factors.

Tip #4:  Where to get  flood insurance?

Luckily, we have that covered.  If you need coverage, you can start by filling out the form below.  From there, we will contact you to get the ball rolling.

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