Flooding is one of the most common and costly natural disasters in the U.S., yet it’s also one of the least covered under standard homeowners insurance policies.

Even a few inches of water inside a home can cause thousands of dollars in damage. That’s why many property owners consider adding flood insurance to their financial plans.

Flood Risks

Floods don’t only happen in coastal regions. Heavy rainfall, snowmelt, poor drainage systems or nearby construction can all cause water to accumulate quickly. Unfortunately, most homeowners and renters policies exclude flood damage, leaving individuals without coverage when disaster strikes.

Since recovery costs can be significant, having a dedicated flood insurance policy can make a major difference.

What a Flood Insurance Policy May Include

While details vary depending on your chosen insurance provider and program, flood insurance often covers the following:

• Structural coverage may help repair your home’s foundation, walls and essential systems such as plumbing and electrical if damaged by floodwater.

• Personal property coverage may assist with replacing items such as furniture, appliances, clothing and electronics lost in a covered flood event.

• Cleanup expenses may help with costs associated with removing debris and making the home safe again.

• Additional living expenses, which some policies may include to assist with temporary housing if your residence is uninhabitable after a flood.

Policies may be available through the National Flood Insurance Program (NFIP) or private carriers, and each has its own terms, limits and waiting periods before coverage begins.

Take the Next Step

Recovering from flood damage without coverage can be financially overwhelming and flood insurance offers a practical way to prepare ahead of time and lessen the impact of unexpected events.

At Texas Risk Solutions LLC, we can help you explore available policies and answer your questions. Contact us today to request a flood insurance quote.