Flood Insurance vs. House Insurance: Do I Really Need Both?

House insurance is one of the most important types of insurance you can carry. The state of Texas is no exception. While there is no mandatory requirement for house insurance, most mortgage companies and banks require it in order to finance your housing loan. 

House insurance normally covers the following types of problems:

• Fire
• Flood
• Vandalism or Theft
• Structural damage due to no fault of your own
• Other "Acts of Nature"

So the question we often get at Texas Classic Insurance is, "If I have house insurance, why do I need flood insurance?" 

The answer is that, while house insurance does cover a certain amount for flood damage, it may not be enough to pay for the massive damage a major flood can bring. Floods can create such high degrees of damage that the entire home can be compromised or left unsafe to live in.

When this happens, you will be paying for the rest of the damage with your own pocket. 

What to Do?

To avoid serious financial setbacks from a flood, visit with the insurance experts at Texas Classic Insurance. Serving Granbury TX and the surrounding area, they have years of experience estimating both the potential damage and the resulting expenses from a flood.

They can visit with you and show you how much flood insurance you need to cover all of the potential loss so that you won’t have to take it out of your savings!

General vs. Specific

In conclusion, you should think of house insurance as a general overall type of protection that covers a wide variety of issues that can happen to your home, causing damage. But the limits are often not as much as to flood insurance, which focuses on offering insurance to protect you from flood damage, which is much more narrow in scope and offers more flood protection.

In either case, you need to talk to experts to decide which is right for your home. If you live in a flood plain (as 12% of Texans do), you may need both. If not, you’ll be that much safer if you carry flood insurance in addition to your home insurance plan.

Visit with Texas Classic Insurance today, serving the Granbury, TX area and keeping Texas safe from loss due to floods.