Yes! Everyone needs flood insurance, and it is not an exaggerated statement. Your home threats include flash thunderstorms, heavy rains, an inadequate drainage system to evacuate excess water, and overflow of rivers and bayous.  The disheartening news is that only 25 percent of homeowners carry flood insurance. No matter where you live, your home is at risk of flooding.  Even if your home has not been at risk in the past, this does not mean it is not prone to flood. According to the Harris County Flood Control District, more homes are destroyed by flood annually than are destroyed by fire.

Most people believe that a standard homeowner’s insurance policy does cover all types of water damaged– this is far from the truth.  Your home is protected when water falls from the sky but as soon as the water touches the ground and overflows into your home, it is consider flooding.  Every owner needs a separate, specific flood policy to protect your property and to get one should be at the top of your list.

Insurance cost varies depending on the value of your home and whether or not your home is in a floodplain. The fact is that one of every four claims is for a home that isn’t in a floodplain. “Consult with your insurance agent once a year to learn about what your home insurance does and does not cover,” recommends Roberto, President of Premium Insurance.

According to the National Flood Insurance Program, one foot of water inside a 1,000 square-foot-home have a dire consequence on your budget, it could cost around $27,000. The average claim is more than $38,000. Protecting your home, for almost $2 per day is worth to invest in guarding your most valuable possession. The average flood insurance price is about $700 annually.

Don’t wait until the threat of water damaging your house is at your door to make a conscious decision to obtain flood insurance.  There is a 30-day waiting period between when you buy the coverage and when you can make a claim.

Still have questions? Call Premium Insurance at (713) 926-4233 for more information on Houston flood insurance. Also, we can help you compare your current policy with quotes from a range of companies we represent.