The standard homeowners insurance policy will cover damage resulting from a wide variety of perils, from storm damage to fire and vandalism. However, rising water intruding from external sources, which can destroy your home, are generally excluded unless you have a separate flood insurance policy. If you don’t have this critical coverage, you could find yourself paying out-of-pocket for damage caused by this unpredictable natural disaster.

What Every Homeowner Should Know About Flood Insurance

Flood Zones

The recent floods in areas like Baton Rouge and Houston demonstrated that an area doesn’t have to be designated a flood zone to face devastation from rising waters. However, those in known flood plains face heightened risks and should consider purchasing additional insurance. If you’re unsure about your flood zone designation, FEMA maintains an online tool that allows you to easily consult the official maps.

Deciding in Advance

Many homeowners without necessary coverage attempt to purchase a policy just as a major storm is approaching. However, most flood insurance policies don’t go into effect for 30 days, so it’s important to protect yourself and your investments before the need arises.

Premiums vs. Risk

In general, most flood insurance policies cost approximately $700 per year, although your rates may be significantly higher if you live in a high-risk zone. Deciding whether flood insurance is a worthwhile investment means balancing this marginal cost against the potential damage to your home and your personal possessions even a relatively minor flood can cause.

The insurance agents at Michael E Glick Insurance in Boerne, TX, specialize in helping their clients find policies specially tailored to meet their needs. If you’re considering purchasing flood insurance to protect your home, they can evaluate your options and help make the best decision for yourself, your family, and your financial future. To learn more about the benefits of flood insurance, visit the website, or follow them on Facebook for information regarding the services offered. To make an appointment to discuss your options, call the office at (830) 816-9488.