Flood Insurance Info You Need to Know

It is more important now than ever to have flood insurance Houston Tx. Common causes of rising water are rainstorms or a tidal surge from a hurricane. An overflowing bathroom tub does not constitute a flood. For rising water to be covered by flood insurance a general condition of flooding must occur.  A general condition of flooding requires an area of 2 acres or 2 properties in a normally dry area be affected to be considered a flood.   Don’t wait until a hurricane is bearing down on you to purchase flood insurance.  With few exceptions like the purchasing of a home, there is a 30-day waiting period before coverage is effective. As insurance consumers we have become conditioned to buy only what we are told.  We’re told by the State we must have auto liability insurance; we’re told by our car’s finance company, we must have comprehensive & collision insurance on our car and we’re told by our mortgage company, we must have home insurance.  But unless our home is located within a flood prone zone, flood insurance is not required.  As a result, many home owners do not purchase flood insurance. Do not make the assumption that since your home is located in flood zone X, your home is not exposed to flooding. The statistics are alarming.  Per FEMA publications F 001, 068 and 683:   20-25% of...

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