Should You Make Flood Insurance Part Of Your Hurricane Season Preparation?

“I encourage Texans to remember that if it can rain, it can flood. At a minimum, talk to your agent about flood insurance, even if your mortgage doesn’t require it…”

Hurricane season begins June 1, with the experience of Hurricane Harvey still fresh on Texans’ minds. The Texas Department of Insurance is urging homeowners to review your insurance policies and consider flood insurance if you don’t already have it. No matter where you live.

“There were more than 2.5 million residential policies in force in counties affected by Harvey, but only about half a million flood policies,” said Insurance Commissioner Kent Sullivan. “I encourage Texans to remember that if it can rain, it can flood. At a minimum, talk to your agent about flood insurance, even if your mortgage doesn’t require it.”

Flash floods are the most common natural disaster in Texas. Most home and commercial policies do not cover flood damage. You’ll need a separate flood policy, usually from the National Flood Insurance Program (NFIP).

These flood insurance policies typically have a 30-day waiting period before coverage takes effect.

Make sure your insurance is ready for storm season

• Review your existing home coverage. Make sure the policy limits would be enough to replace your home and property in the event of a disaster.

• Talk to your insurance agent about flood insurance.

• If you live along the Texas coast, review your windstorm coverage.

• Make a home inventory. Having a detailed list of your property will help speed the process of making an insurance claim after a covered loss.

• Review your auto insurance. If you have comprehensive coverage it could pay for damage caused by hail or flooding.

For more information about flood insurance, visit the TDI website or FloodSmart.gov.