Flood Insurance in Texas
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Flood Insurance
Flooding is one of the most common and costly natural disasters in Texas. According to the Texas Floodplain Management Association, more than 12% of land in Texas is subject to flooding.
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Even homes that are not located in designated high-risk flood zones can still experience flood damage. At PARR Insurance Group, we help homeowners in Kingwood, Texas and the surrounding communities understand their flood risk and explore flood insurance options designed to protect their home and belongings.
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Flood insurance can provide valuable financial protection if rising water damages your property.
Do You Need Flood Insurance in Texas?
If your home is located in a high-risk flood zone and you have a mortgage, your lender will typically require flood insurance.
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However, even homeowners outside of high-risk zones may benefit from coverage. In fact, according to the National Flood Insurance Program (NFIP), more than 20% of flood insurance claims come from properties located outside FEMA’s high-risk flood zones.
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Because flooding can happen almost anywhere, many homeowners choose to carry flood insurance as an added layer of protection.
What Is Considered a Flood?
The National Flood Insurance Program defines a flood as:
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Flooding of normally dry land affecting two or more properties (or two acres of land) caused by overflow of inland or tidal waters, rapid accumulation of surface water, or mudflow.
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It is important to understand that standard homeowners insurance policies do not cover flood damage. Once rising water enters your home from outside, the damage is typically only covered if you have a flood insurance policy.
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Flood damage can be extensive and costly, potentially affecting:
• Flooring and carpets
• Walls and drywall
• Electrical systems and appliances
• Structural components of the home
• Personal belongings and furniture
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Flood insurance helps provide financial protection to repair or rebuild after this type of damage.
How Much Does Flood Insurance Cost?
The cost of flood insurance in Texas can vary depending on several factors, including:
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• Your property's flood risk zone
• Elevation of the home
• The value of the structure and contents
• Deductible selections
• Coverage limits chosen
Policies are commonly available through the National Flood Insurance Program (NFIP) as well as certain private insurance companies.
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Our team can help review your property’s flood exposure and compare options to help you find the right coverage.
Flood Insurance
If you live in Texas, PARR Insurance Group can help you explore flood insurance options designed to protect your home and belongings.
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We’ll review your property, explain your coverage options, and provide a free, no-obligation flood insurance quote.
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Contact us today to learn more about protecting your home from flood damage.
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PARR Insurance Group
Personalized Advice. Reliable Results.