You’ve likely heard of flood insurance, but might be unsure whether it is needed. Floods are the most commonly occurring natural disaster in the United States with only a few inches of water needed to cause extensive damage to your home and belongings. Flooding can be caused by a myriad of conditions including heavy rains, hurricanes, spring thaws, and the rapid accumulation of rain post wildfire. If your home is in a FEMA designated high-risk flood area and you have a mortgage on the property, then your lender is legally regulated to require that you carry flood insurance. 

Generally speaking, your homeowner’s insurance will not cover flood damage so you’ll need to purchase a separate policy. Flood insurance is issued via the National Flood Insurance Program and managed by FEMA or can be purchased via a private insurer. Moderate to low risk flood areas are designated via the letters B, C, and X on FEMA flood maps while high-risk flood areas begin with the letters A or V. 

Given that the risk of floods can change rapidly, FEMA works on an ongoing basis with communities around the United States to identify, map, and update flood risk. At Armadillo Insurance Agency in Austin, TX, we’ll work diligently to help identify if flood insurance is required in your area. Additionally, even if flood insurance is not federally mandated, we’ll help outline the pros and cons of having the coverage so you can make an informed decision. Give us a call today to learn more and schedule an appointment with an insurance professional. 

Armadillo Insurance Agency provides coverage to the Austin, TX community. We help our clients find policies to protect their assets. We pride ourselves on offering the best customer service possible. We will help you assess your options and find coverage that aligns with your future.

Flood Insurance Guide To Help Texas Residents Find Coverage

As an Austin, TX resident, you are likely aware of the potential damage that flooding can cause. The South is prone to bouts of severe weather that could wipe out everything. In the aftermath of a hurricane, flooding may occur throughout the area. Consider the benefits of flood insurance. Flood insurance covers your property if it is damaged due to severe flooding in the area. Check to see if your home is included in a designated flood zone. Designated flood zones are areas that are likely to experience flooding at some point over a 12-month span. Even if your home isn’t a designated flood zone, Texas is home to unpredictable weather. Something could still happen when you least expect it, which is why flood insurance is an asset.

Keep in mind though that there is a difference between flood damage and other water damage. Flood damage is caused by an excess of water throughout the area. Your home may also be damaged due to drainage issues, a busted pipe, or a sewer backup. In most cases, flood insurance does not cover your home in these circumstances. Research the policy carefully before making a decision.

Armadillo Insurance Agency Can Help You Protect Your Assets

Visit our website to learn more information about flood insurance.