Texas Flood Insurance
Many homeowners are surprised to learn their home insurance policies don’t cover flooding events. That’s right: Standard homeowner’s policies won’t cover flood damage.
This fact puts many Texas residents—especially those living on or near the Texas Gulf Coast—in a difficult spot. For these residents, adequate flood coverage isn’t optional—it’s essential.
Flood Insurance & How Standard Home Polices Define ‘Flooding’
If a pipe in your home busted and flooded your floor, would it be considered a “flooding event” and thus, not reimbursed by your homeowners policy? Or would it be covered?
If you answered, “Yes, this event should be covered under my home insurance” (or something similar), you’re correct. A flooded floor or other water damage to the home caused by a busted pipe (or even a malfunctioning appliance) would likely be covered by a typical home policy.
What kinds of events, then, are classified as “flooding” and are thus not covered under standard homeowners insurance? Obviously, a heavy rainfall event wherein water rose into the home would qualify as flooding.
However, other kinds of damage classified as “flood damage” under standard homeowners policies aren’t quite as apparent. In other words, your house doesn’t need to flood with rainwater to sustain “flood damage.” As specified in typical homeowners and flood insurance policies, flood damage also includes:
- Rain damage
- Storm surge damage
- Mud damage
It’s a guarantee that your existing homeowners policy (or any home insurance you’re considering for purchase) won’t cover the above events.
Where Do I Buy Texas Flood Insurance?
The overwhelming majority of flood insurance policies across the US—including in the great State of Texas—are sold under the National Flood Insurance Program (NFIP). The NFIP is administered by the Federal Emergency Management Agency (FEMA).
To purchase NFIP flood insurance from FEMA, you must go through an NFIP-Direct-affiliated agency. Escobar Insurance has sold NFIP flood insurance for many years.
What types of Texas Flood Insurance Can I Purchase Through the NFIP?
NFIP flood insurance policies come in two types:
Standard Flood Insurance
Preferred Risk Flood Insurance
These policies are designed for residents who live in communities with an active and ongoing flood management plan. Such communities must also be able to demonstrate that they have enacted certain NFIP guidelines to reduce flood-based damages.
These flood insurance policies are designed for residents living in low-to-moderate risk zones. Such residents aren’t necessarily required to purchase flood insurance but have this option in case they experience a small flood or even an unexpectedly big one.