Is Flood Covered by Insurance?

​Flood Insurance Coverage
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It was almost impossible to talk about Texas weather without talking about the ongoing drought. The drought left much more than just a dry landscape, it has also led to water shortages, water restrictions, severe wildfire conditions, and a serious reduction in recreational lake activities.

Recently, the conversation has changed from the severe lack of water, to too much water. Record amounts of rain have fallen in parts of central, northern and eastern Texas. While this may only seem like good news, it can lead to devastating flooding in both rural and urban areas, damaging vehicles, business property, and infrastructures.

Flooding is one of the top causes of property damage in Texas. More than 10 percent of the state’s land area is susceptible to flooding, which makes it the number one state for total flood prone area. The predicted weather patterns combined with the terrain has resulted in central Texas being one of the most flash flood prone areas in the country.

While you may think that your home and business is protected from a flood by your existing insurance policy, you are not. While your home and business insurance policy will provide coverage for many perils, it will not provide any coverage for damage that is caused by floods. Only a specific flood insurance policy will cover damage that is caused by rising waters. It is important to keep in mind that flood insurance policies have a 30-day waiting period before your coverage will kick in, so the sooner you invest in coverage, the sooner your coverage will set in.

For all of your flood and business insurance needs, and to make sure that you are covered from any unfortunate situation, including rising flood waters, contact us today.