A Few Myths and Facts Concerning Flood Insurance in Texas
Now that it’s spring in Texas, we can look forward to sunny skies, warm temperatures and a lot of outdoor fun with friends and family. One thing to be cautious of, though, is future rainstorms that will undoubtedly pummel certain parts of our state. If you currently own flood insurance, then you’re already on your way to ensuring that your property and belongings are well-taken care of.
On the other hand, if you lack flood insurance, then it’s important to step back, reassess your situation and make the right decision today by reaching out to our insurance agency in McAllen to see what we can do for you.
Flood insurance is an add-on that’s available to many homeowners. Yes, it’ll cost extra, but should the unfortunate ever happen and a flood strikes your area, you’ll undoubtedly be glad that you made the investment with this very important insurance plan. Something to keep in mind, however, is that there are a few myths concerning flood insurance that you should be aware of. Let’s go over a few of them.
Myth 1: Homeowners Insurance Already Includes Flood Coverage
With insurance policies, the one thing you should never do is make assumptions. This is very true with homeowners insurance. The fact of the matter is that standard homeowners insurance and umbrella policies oftentimes lack flood coverage.
This means that if your property is damaged due to flooding, then lost belongings, repair costs and cleanup efforts may not be covered with a basic homeowners policy. The best thing for you to do is look into your policy to see if damage from a flood is included, if not, then an add-on should seriously be considered.
Myth 2: It’s Very Expensive
Although flood coverage will cost extra if it isn’t already included in your homeowners policy, it’s definitely an investment that’s worth it. In fact, this type of coverage doesn’t have to surpass your budget. Remember that many insurers will work with you to ensure that your coverage is affordable. Where you live also determines how much you’ll be paying.
Myth 3: You Won’t Need Coverage if it Doesn’t Flood in Your Area
Many people believe that if they reside in areas where flooding rarely or ever happens, then they don’t need coverage. This couldn’t be further from the truth. Floods can happen anywhere, so regardless of where you live, flood insurance should always be considered.
Myth 4: Flood Areas Never Change
Another mistake many people make is assuming that the flood plain they reside in will never change. Again, this isn’t true. If your area is prone to minor flooding now, there’s no guarantee that next year it’ll can be prone to severe flooding. The same goes with the opposite. If you aren’t sure if your area of residence may be at risk of flooding in the future, then we can help you determine the best course of action regarding your coverage.
Let’s Get Started
Finding the perfect insurance policy for your home can be quite a challenge. Deciding on which add-ons, like flood insurance, will be best for you can make the process even harder. This is why it’s important to get in touch with us as soon as you can to find out what we can do for you. Our insurance agency in McAllen has the experience and professionals needed to make your worries become solutions.
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