Homes in Texas are prone to flooding. The terrain in the area makes it easy for a flooding event to develop, even without a lot of rainfall. Even minor flooding can cause a lot of damage. According to FEMA, just an inch of water can cause tens of thousands of dollars in damage.

If you do not yet have flood insurance, now is the time to seek it out. Contact our team here at Gold Stag Insurance Agency to learn more about it, or read on.

The Basics of Flood Insurance

• Homeowners, renters and business owners can all purchase flood insurance.
• Personal flood insurance policies can range up to $250,000 for a home and up to
  $100,000 for contents.
• Business flood insurance policies can range up to $500,000 each for the building and its
  contents.
• Building coverage includes insurance for the foundation, furnaces, A/C equipment,
  electrical and plumbing systems, and refrigerators and other installed kitchen appliances.
• Contents coverage includes insurance for clothing and other personal belongings,
  carpeting, washers and dryers, and food freezers.

Common Misunderstandings About Flood Insurance

• Usually flood insurance policies have a waiting period. That is a 30-day waiting
  period, to be exact. So the best time to purchase flood insurance is now, before the threat of storms. The longer you wait the greater risk you face in not having the coverage in effect when you need it.
• Your homeowners insurance policy most likely does not cover flooding. In fact,
  flooding is a named exclusion on nearly all homeowners policies. So if you want
  coverage in the event of a flood, you need to purchase an additional policy specifically
  for flood risks.
• Pricing is determined by the National Flood Insurance Program, so every insurance
  company charges the same premium. Why work with us, then? That is simple. We provide bundled insurance services to our customers. Let us handle all of your insurance needs.

Already Have Homeowners Insurance Elsewhere?

Reach out to us if your current homeowners insurance provider does not have access to flood insurance policies. We can seek out free quotes for both your homeowner and flood insurance and then compare it to your existing coverage to see if it makes sense for you to make the switch.

Pricing is determined by the National Flood Insurance Program, so every insurance
company charges the same premium. Why work with us, then? That is simple. We provide bundled insurance services to our customers. Let us handle all of your insurance needs.