Flood Insurance

Most home insurance policies don't offer coverage for flood damages. This means that you will have to take up a separate policy to cover flooding. Flood Insurance policy applies to condo owners, homeowners, renters, mobile homeowners, and business owners. It protects your property and personal belongings from losses resulting from floods.

It's not compulsory to have flood insurance in Texas; nevertheless, when flood losses occur, they cause severe financial devastation that one may not be able to recover from out of pocket. For that reason, it's crucial to have flood insurance to protect your Texas investments against floods. Also, lenders may require it before financing your property in high flood-risk areas. The following coverage options will offer different kinds of protection:

• Building Coverage: This covers the physical structure of your property such as the electrical system, plumbing system, furnaces, inbuilt appliances, carpets & panels, and many more.
• Contents Coverage: This option protects your personal belongings such as furniture, appliances, clothing, and electronics inside your house. It will repair any damages or replace any destroyed property due to floods.
• Replacement Cost Coverage: This replaces the part of the building that is destroyed by floods without taking into consideration the normal depreciation. Nonetheless, there are conditions to this: the affected building must be your primary residence, and it must also be a single-family dwelling.

This policy doesn't cover liability claims, loss of income, and temporary residence expenses. Even though it may be rare, when floods occur, the resulting losses can be very devastating and painful to come out of. Therefore, get the expert advice from a local agent at Mpire Houston Insurance to help you understand the amount of risk your Texas home or business may be exposed to. At Mpire Houston Insurance in Houston, we offer reliable insurance policies. Contact us today to get a quote or more information about flood insurance.