When you are a homeowner, you need to have two types of insurance on your home: home insurance and flood insurance. Both of these are important for every homeowner. If you only have home insurance, you’re missing one of the crucial types of coverage that you need. To get started with your flood insurance policy, call us at Texas Classic Insurance in Granbury, TX.
Flood Zones
Flood insurance is generally required for people who live in flood zones. These are areas that are rated as having regular flooding after a certain number of years. These zones are often labeled as 25-year, 50-year, etc. Many people who don’t live in these zones and aren’t required to have flood insurance believe that they don’t need to have this insurance. However, flooding can happen virtually anywhere. Even areas that aren’t close to a body of water, as most flood zones are, can be flooded. It’s common for this to happen, and uninsured homeowners could end up with major damage from unexpected floods.
Flood Claims
The vast majority of flood claims come from inside flood zones, but 20% of them come from outside them. This means that one in every five flooding situations happens in an area outside of a flood zone. This makes it important to have this coverage to pay for the repairs that will be needed after a flood. Water damage can be severe, and it may even mean rebuilding. Without insurance to pay for these costs, most homeowners would have difficulty paying for them.
Get Flood Insurance
The National Flood Insurance Program backs flood insurance and ensures that funds will be there when needed. To get started with a flood policy of your own, call us at Texas Classic Insurance in Granbury, TX to find out more.
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