Flood Insurance in Houston, League City, Friendswood, TX, Galveston, and Surrounding Areas

Posted on: March 13th, 2024

What Do You Need to Know About Flood Insurance?

Rick Tinker Insurance provides flood insurance in Houston, League City, Friendswood, TX, Galveston, Texas Gulf Coast, Pasadena, TX and surrounding regions.

Inside a Flooded Home with Flood Insurance in Houston, League City, Friendswood, TX, GalvestonThese are five key points about flood insurance:

  1. Coverage Scope: Flood insurance provides financial protection specifically against damage caused by flooding. Standard homeowner’s insurance typically does not cover flood damage, so having a separate flood insurance policy is crucial for those living in flood-prone areas. Flood insurance policies cover both the structure of the home and its contents.
  2. National Flood Insurance Program (NFIP): In the United States, most flood insurance policies are provided through the NFIP, which is managed by the Federal Emergency Management Agency (FEMA). NFIP policies are available to homeowners, renters, and business owners in participating communities. Premium rates for NFIP policies are set nationally and do not differ from company to company or agent to agent.
  3. Risk Assessment: The cost of flood insurance is determined by various factors, including the property’s location and flood risk. FEMA designates flood zones based on historical flood data, elevation, proximity to bodies of water, and other factors. Properties in high-risk flood zones typically have higher insurance premiums compared to those in moderate-to-low-risk zones.
  4. Coverage Limits and Exclusions: NFIP policies have coverage limits, meaning they may not fully cover all damages in the event of a flood. For residential properties, the maximum coverage limit for the structure is $250,000, and for contents, it’s $100,000. Some items, such as currency, precious metals, and outdoor property like decks and landscaping, may not be covered under standard flood insurance policies.
  5. Private Flood Insurance Options: While NFIP policies are the most common, there are also private insurance companies that offer flood insurance. Private flood insurance may provide higher coverage limits and additional coverage options not available through NFIP policies. However, premiums and coverage terms can vary widely among private insurers, so it’s essential to compare options carefully.

Understanding flood insurance and securing appropriate coverage is vital for homeowners and renters, especially those residing in flood-prone areas. It offers peace of mind knowing that financial assistance is available to help repair and replace property damaged by flooding, which can be a significant risk in many parts of the country. Kindly call us without hesitation.

Posted in Blog | Comments Off on Flood Insurance in Houston, League City, Friendswood, TX, Galveston, and Surrounding Areas

Windstorm Insurance

Windstorms · Hail Damage
Torrential Rain


Personal Insurance

Home · Life · Auto · Boat
Condo · Renters · Flood


Business Insurance

Property Coverage · Liability
Business Interruption