Car Insurance
Peace of Mind
What Is Flood Insurance?
Flood insurance protects you from damage done to your home and personal possessions by rising water from an outside source like street flooding. It is
NOT part of a standard homeowner’s policy and must be purchased separately. Recent weather events across Texas and the United States have
demonstrated the devastation that flooding can cause, so it’s an important coverage to consider.
Flood Insurance In Texas
Houston Auto Insurance
Katy Auto Insurance
The Woodlands Auto Insurance
Sugar Land Auto Insurance
How Can I Purchase Flood Insurance?
NATIONAL FLOOD INSURANCE PROGRAM
PRIVATE INSURANCE COMPANIES
Flood insurance can be acquired through private insurance companies or through a federally regulated program called the National Flood Insurance Program (NFIP). Flood insurance can cover the physical structure and contents within it for both residential and commercial properties. NFIP coverage only covers up to:
What Are the Auto Insurance Liability Limits Available in Texas?
The state of Texas requires all drivers to have basic auto liability insurance. The minimum required coverages are:
$30K-500K
for each injured person
$60K-500K
for injuries per incident
$25K-500K
for property damage
You can purchase Excess flood coverage to increase the amount protected since the federal program only covers up to the amounts listed above.
What Does Flood Insurance Cover? What Does It Not?
Flood insurance coverage can vary if purchased through private insurance companies versus through the NFIP. The table below can provide you a brief comparison when purchasing flood insurance through the federal government versus a private insurer:
It’s important to note that not all properties qualify for private flood insurance. Talk to an independent agent who has access to multiple private flood markets to ensure you are looking at all options available to you.
How Much Does Flood Insurance Cost?
The cost of flood insurance depends mainly on the flood zone, the elevation of your home, the amount of cov- erage selected, and the deductible.
If you are in a preferred/moderate risk zone, like Zone X, the cost of flood insurance through NFIP is very affordable.
What is a Flood Zone?
Every property is assigned a flood zone by FEMA, and over 20,000 communities are in higher risk flood zones, meaning that they are more susceptible to flood risk. The following table outlines flood zones and their characteristics:
If your property is in a high-risk zone, the cost will vary based on the elevation of you home. We recommend obtaining an elevation certificate, although some private insurers may not require one.
You can obtain a copy from the current owner of the home or property and if they do not have one, we can recommend a licensed land surveyor for you.
We want to protect what matters most to you.
Call us at 480-628-6055 for immediate assistance or click below to get started.
When is Flood Insurance Required?
Lenders will often require flood insurance for properties located in high-risk areas. Even if the property is not located in a high-risk area, the lender can still require flood insurance coverage.
It’s important to understand your mortgage contract and what is necessary prior to purchasing or refinancing your home.
If flood insurance is purchased prior to or on the date of closing or refinancing, there is no waiting period for your flood insurance policy to become effective. If not, a standard 30-day waiting period is required before the policy can go into effect.
If flood insurance is purchased prior to or on the date of closing or refinancing, there is no waiting period for your flood insurance policy to become effective. If not, a standard 30-day waiting period is required before the policy can go into effect.
How Do I Determine If I Need Flood Insurance?
Some lenders will require you to carry flood insurance if your home is located in a high-risk flood area, as determined by FEMA’s flood zones.
If the lender does not require it, you should still assess your risk of flood damage. According to FEMA, 20% of all flood claim payouts occurred outside high risk flood zones.
If you have a long commute or drive a lot, you should consider more insurance as you’re on the road more often.
Because flood insurance is highly subsidized by the federal government, it can be a relatively inexpensive product to purchase to give you peace of mind to protect one of your most important investments.
Texan Insurance agents are experts and will analyze your home’s specific risk level.
How Much Flood Insurance Coverage Do I Need?
Determining the exact amount of coverage you need will require the help of a Texan Insurance agent who can assess the specifics of your situation. Critical factors include the location/flood zone of your property, the coverage amount of your home insurance policy, and the amount of personal possessions that need coverage.
Call us at 480-628-6055 or click below to get started!
A deductible is the amount that the insured must pay before the insurance coverage kicks in.
For example, let’s say you incurred $1,000 of damages to your vehicle and your deductible is $250. The insurance company would pay you $750, and you would pay $250 out of pocket.
The deductible amount is pre-set based on your policy, and you can choose the amount. A lower deductible will mean a higher premium and vice versa.
The state of Texas requires that all drivers carry at least the following amounts of coverage:
$30,000 bodily injury coverage for each injured person in an accident
$60,000 bodily injury coverage total per accident
$25,000 property damage coverage per accident
A deductible is the amount that the insured must pay before the insurance coverage kicks in. For example, let’s say you incurred $1,000 of damages to your bike and your deductible is $250. The insurance company would pay you $750, and you would pay $250 out of pocket. The deductible amount is pre-set based on your policy, and you can choose the amount. Typically, a lower deductible will mean a higher premium and vice versa.
In many ways, yes. Motorcycle will have a premium that you pay for the coverage, and your policy will have a deductible that you have to pay before the insurance kicks in.
No. Wearing a helmet is not required in Texas, and so most providers build the potential higher costs for head injuries into their premiums, regardless of whether a specific rider wears one or not.
Yes, comprehensive policies will provide some coverage for theft of the bike or items stored in it, but it’s important to sit down with an agent and talk through all the different coverage options and amounts.
We can arrange payments annually, twice a year, quarterly, or even monthly. In some cases, you can earn a discount by paying for the year upfront.
