Cheap Flood Insurance In Texas

The Lone Star State is famous for many things. The people are proud, the history is rich, the sky seems to span forever and ever. If you’re a Texan, you might be nodding in agreement with that statement, as well as mentally listing seven or eight other things that make you proud to call Texas your home. But maybe you also know Texas to be famous for some less than fabulous features, such as the floods that can affect properties in any corner of the state. Floods can cause major problems, but you do not need to worry about the high cost of rebuilding if you have purchased cheap flood insurance in Texas.

Whether you live along the Gulf Coast and have to deal with tropical systems or you live on dry, arid flat lands that are prone to flash floods, you no doubt have experienced flood-related issues in some form or fashion. If your home or business was flooded, you can testify to the fact that flood damages can cost a small fortune to repair. In some cases, just as little as an inch of flood water can cause $10,000 or more in damage-related repair costs. Most of us do not have that kind of money just sitting around, waiting to be spent on emergency repairs, so an investment in the form of an insurance policy can provide a layer of financial protection.

The first important step for finding cheap flood insurance in Texas is to do some comparison shopping and look at the different flood insurance programs on the market. From 1968 to the 2010s, the National Flood Insurance Program (NFIP) was the only program where Texans could find flood insurance policies. Now, however, a new program has emerged: the National Catastrophe Flood Insurance Program (NCIP). While both provide flood insurance policies, each program offers different amounts and types of coverage and are even funded by vastly different sources.

A second step for finding cheap flood insurance is to find ways to lower your flood risk. What does this mean? Look for ways that you can modify your home or business to lower the chance that floodwaters would cause damage. For example, some business owners install “flood vents” around the foundation of their building and some homeowners even go so far as to fill in basements or cellars. Additionally, air conditioning unit can be placed on platforms that are elevated above the floodplain and appliances or expensive equipment can be stored on upper level stories of a home or business. Any and all of these can be reason enough for your flood insurance company to lower your premium.

Choosing a flood insurance policy is very important for anyone who lives in Texas. While a lot of people tend to think of floods as something that “won’t happen to me,” the truth of the matter is that 25% of all properties will flood at some point in their existence, and 60% of those flooded homes or businesses are located outside of areas considered to be at high risk for flooding. With a few simple steps, you can find cheap flood insurance in Texas that will financially protect you or your business if or when a flood does occur.

All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.

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