Most homeowners insurance doesn’t cover damage from flooding after a storm.
And no matter where you live, you could face a flood.
Just an inch of floodwater can cause about $25,000 in damage to an average size home. If you don’t have flood insurance, you’ll have to pay for those repairs on your own.
So, consider shopping for a flood policy.
Ask your insurance agent if your home or renters insurance company offers a flood policy.
The other option to buy flood insurance is the National Flood Insurance Program (NFIP). A NFIP policy covers your home for up to $250,000 and up to $100,000 in belongings. Renters can also get NFIP coverage for up to $100,000 in belongings.
With hurricane season starting in June, now is a good time to buy a flood policy. A policy usually starts 30 days after buying it, so don’t wait until a storm’s on the way.
Have a question about insurance? Call the Texas Department of Insurance at 800-252-3439 or visit www.tdi.texas.gov.
These columns by the Texas Department of Insurance are available for use in publications. They may be edited as needed and used without copyright. For questions, contact TDI media relations at 512-676-6595 or MediaRelations@tdi.texas.gov.