Texas, Florida, and Louisiana have the most flood related damages in the United States.
Texas has millions of acres that are prone to flash floods, more than any other state.
Large coastal areas and high rainfall rates contribute to the flooding problem.
Congress created the National Flood Insurance Program (NFIP) in 1968 to provide coverage that most property policies don't have.
Virtually, no insurance companies include flood coverage in their homeowners insurance plans.
Some people have a misconception that they don't need flood insurance because of federal disaster programs.
Actually disaster plans are normally in the form of a loan that has to be paid back, and this is not a good substitute for flood insurance.
The cost of flood insurance depends on the area where you live and the amount of coverage that you get.
Areas outside of 100 year flood plain maps will qualify for very low rates.
Please note that being outside of the flood plain does not mean there is no risk!! Over 25% of flood claims made are in areas outside of the normal flood zones.
Listed below are rates that apply in some low risk areas.
Rates will be higher in areas that are within the flood plain.
Flood insurance is generally inexpensive and worth considering to protect your property and/or your home.
You can't wait for a big storm and then get insurance because a flood policy usually goes into effect 30 days after you buy it! Contents Only Coverage: $8,000 - $61/year $20,000 - $116/year $40,000 - $146/year $60,000 - $166/year $100,000 - $196/year Building and Contents Coverage: $20,000 - $8,000 - $112/year $50,000 - $20,000 - $180/year $100,000 - $40,000 - $233/year $150,000 - $60,000 - $264year $250,000 - $100,000 - $317/year Texas residents can call our office for Houston Flood Insurance rates and information at 281-537-2700.
We also have online information at www.
texas-flood-insurance.
com.