FLORIDA/TEXAS—In Texas, our rainy season is mainly in the spring (March-May). According to Weather Atlas, in Texas, April is known for warm temperatures and unpredictable weather. The weather can range from warm to hot, humid, and rainy. April is one of the rainiest months in Texas with an average of 3" (76mm) to 4" (102mm) of precipitation.
Most standard homeowners policies include four essential types of coverage: coverage for the structure of your home; coverage for your personal belongings; liability protection; coverage for additional living expenses. But what happens when a major rain event creates flooded areas and your home gets affected?
In Texas, if your home is in a designated flood zone, your lender requires you to have flood insurance. A flood zone is an area that has a 1% chance of being flooded in any given year. To give you better perspective according to the Texas Department of Insurance, more than half of homes flooded by Hurricane Harvey were outside of designated flood zones.
Texas is particularly prone to floods, especially in two large parts of the state: the coast and a wide band called Flash Flood Alley that extends through Central and North Texas. Almost every major city in Texas is in an area at high risk of flooding.
Flooding can be an emotionally and financially devastating event. With flood insurance, you're able to recover faster and more fully. A flood insurance policy will cover your home up to $250,000. You’ll need a separate flood policy for your personal belongings, which provides coverage up to $100,000. Typically, there’s a 30-day waiting period from date of purchase until your flood insurance policy goes into effect, although according to FEMA there are a few exceptions like:
No waiting period:
If you purchase flood insurance while making, increasing, extending, or renewing your mortgage loan.
If you change your flood insurance coverage on your insurance policy renewal bill.
In the event of flooding after a wildfire, if a property is impacted by flooding on burned federal land and the policy is purchased within 60 days of the wildfire-containment date. Waiving of the waiting period is determined at the time of claim.
1-day waiting period:
If a home or business is newly designated to be in the high-risk flood area and you purchase flood insurance within the 13-month period following a map update.
Did you know Buscando Seguro now has offices throughout the state of Texas? You can visit us in Houston/Katy, Dallas/Irving, Midland, The Woodlands, and we continue to grow, to not only offer you great online services but the best customer service experience on face to face visits.
To protect your family, home, your vehicles, your business, and your future, talk to our local, bilingual experienced agents from Buscando Seguro and let them know what your needs and priorities are. Give us a call today at (877) 427-9671— for an initial consultation and quotes from a myriad of insurance carriers who support us in Florida, Texas, and many other states!
Gloria Rivera, 2-20
Agente de Seguros