FLOOD INSURANCE
Flood insurance is a specialized policy crafted to shield homeowners and businesses against financial losses stemming from floods. This insurance encompasses coverage for damages to structures, personal belongings, and additional living expenses incurred during displacement caused by a flood. Typically mandatory for properties situated in designated high-risk flood zones, individuals can also opt to purchase flood insurance voluntarily. The cost and coverage of these policies hinge on factors like property location, flood risk, coverage type, and chosen deductible.
We extend our services to Dallas, Plano, Irving, Collin, Denton, Ellis, Hunt, Kaufman, Rockwall counties, and beyond, providing comprehensive home insurance with flood protection.
WHAT DOES FLOOD INSURANCE COVER?
Flood insurance typically covers damage to your property and personal belongings caused by rising water from an overflow of a body of water or from a severe rainstorm. It may also provide coverage for expenses related to temporary living arrangements during repairs. However, it is important to note that flood insurance policies may vary and it’s best to review the specific policy to determine what is and is not covered.
WHEN IS FLOOD INSURANCE REQUIRED?
Flood insurance is typically required when a property is located in a high-risk flood zone and is subject to mandatory purchase requirements by a lender as a condition of obtaining a loan. However, it is important to note that even properties outside of high-risk areas can still benefit from having flood insurance.
