FLOOD INSURANCE - Protect Your Home And Business
If you are living in Houston, and your home or business is located in an area where there are high risks for flooding, you will expect to have a separate flood insurance policy. Houston Flood insurance covers property damages caused by flooding that is otherwise not included in your standard Homeowner Insurance policy. According to an estimate by the federal government, flood damage claims payments in Texas alone totaled $13,808,268 just in 2014.
Why Do I Need Flood Insurance in Houston, Texas?
If you own a home on land at a high risk of flooding, then your Mortgage lender can require flood insurance even if your building is not in a high-risk area. Flood due to hurricanes can cause huge damage that costs you millions of dollars. Your homeowner insurance does not cover the losses due to flood, and only flood insurance can provide you coverage against these flood damages.
What is NFIP?
Nearly half a century ago, the United States Congress established the National Flood Insurance Program (NFIP) to make flood insurance policies to cover losses to homes and business establishments in flood hazard areas. NFIP is governed by the Federal Emergency Management Agency ( FEMA).
How To Get Flood Insurance?
FEMA administers NFIP, working closely with an extensive network of insurance companies like Houston National Ins of America who provides Flood Insurance in Houston, TX to cover losses to your property due to flood. We provide you with an insurance agent that can help you purchase a Houston flood insurance policy from the NFIP, and there is a 30 day waiting period before your flood insurance policy goes into effect. Without a waiting period, you can imagine the rush to buy flood insurance when news that a hurricane is about to make landfall on your house!
What Does Flood Insurance Cover?
Purchasing flood insurance from Houston National Ins of America will help protect the valuable things you value in your home. Houston National Ins will offer two types of coverage through NFIP.
1.Building property coverage:This type of coverage provides maximum coverage of $250,000 and covers the damages to your home's physical structure and its foundation, which includes:
-Electrical Systems
-Plumbing systems
-Furnaces and water heaters
-Refrigerators
-Built-in appliances
-Permanently installed carpeting
-Permanently installed cabinets
-Paneling
-Window blinds
-Foundation walls
-Detached garages
2. Contents coverage:The NFIP content coverage policy covers your personal property and provides maximum coverage of $100,000 for the content:
-Clothing
-Furniture
-Electronics
-Curtains
-Portable appliances
-Freezers and the foods
How Much Flood Insurance Costs?
If you are purchasing flood insurance through the National Flood Insurance Program (NFIP), then the average cost of flood insurance in Houston is about $600 per year in Houston, Texas. It may also depend on the following factors:
-Age of building
-Construction of the building
-Building's level of risk
-Whether you select only the building property coverage or the building plus its contents coverage.
Are you Looking for Flood insurance quotes in Houston, TX? Buy purchasing flood insurance with Houston National Ins of America, you may find lower rates by comparing quotes from private flood insurance companies. Come today for affordable flood Insurance quotes!