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 NFIP flood insurance policies can range up to $250,000 for a home and up to
  $100,000 for contents and private policies can cover up to $millions and offer additional coverage’s like unattached structures and temporary living expenses.
• Building coverage includes insurance for the foundation, furnaces, A/C equipment,
  electrical and plumbing systems, and installed kitchen appliances.
• Contents coverage includes insurance for clothing and other personal belongings,
  furniture, washers, dryers, and food freezers.

Common Misunderstandings About Flood Insurance

• Usually flood insurance policies have a waiting period. That is a 30-day waiting
  period. So the best time to purchase flood insurance is 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.
• Why work with us?  We provide Private Flood and traditional NFIP insurance policies to our customers. Let us handle all of your insurance needs.

Do I Need Flood Insurance If I Have Home Insurance?

If your current home insurance policy doesn’t cover flood insurance, we’re here to help. We’ll provide free, no-obligation quotes for both homeowners and flood insurance, then compare them with your existing coverage to determine whether switching could provide better protection, better value, or both.