Texas Flood Insurance is often overlooked by many people in protecting their home. Floods are the most common and most destructive natural disaster in the United States! Of all of the natural disasters in the United States ninety percent of them involved flooding. Many people make the mistake that their homeowners insurance would cover them in the event of a flood. That is simply not true. Texas Flood Insurance is a specialty policy that needs to be purchased separately.
Texas flood insurance is needed if your home is in a high-risk flood zone, generally flood insurance coverage would most likely be required by your mortgage lender at the time of purchase. For those outside high-risk flood zones, coverage is optional.
Floods can occur anywhere and at anytime, surprisingly a high number of flood claims come from homeowners who live outside of designated high-risk flood areas. In fact, most recently a majority of the Houston-area homes that were damaged by the floods in the wake of Hurricane Allison were outside of the FEMA-designated flood zones.