You must have flood insurance if your home is in a flood zone. But what does that mean? And what does it cover? Most people think flood insurance is something that covers the damage caused by water. And while that’s true, it’s not the entire story. Flood insurance also covers the cost of rebuilding your home if it’s destroyed. Great Southern Agency in Tomball, TX offers this guide in navigating this important insurance coverage.
Do I Need Flood Insurance?
The first question you need to ask is whether you’re required to have flood insurance. There are a few ways to find out. First, check your mortgage documents. If your lender says you need flood insurance, then you do. It’s that simple.
Second, check your local flood maps. If you live in a high-risk area, you probably need flood insurance. FEMA designates these areas as having a 1% or greater chance of flooding any year.
Your Great Southern Agency representative can help determine if you need flood insurance and how much coverage is right for you.
What Does Flood Insurance Cover?
Most people think flood insurance is something that covers the damage caused by water. And while that’s true, it’s not the entire story. Flood insurance also covers the cost of rebuilding your home if it’s destroyed.
Flood insurance covers buildings and personal belongings. This coverage includes the structure of your home, including the foundation. Personal items can include items like furniture, clothing, and appliances.
How Much Does Flood Insurance Cost?
The cost of flood insurance depends on several factors, including the value of your home, location, and the amount of coverage you need.
Give Us A Call
The best way to get an accurate price for flood insurance in Tomball, TX is to speak with a Great Southern Agency representative. We’ll work with you to determine the right amount of coverage for your needs and get you the best possible price.