Everything You Need To Know About Flood Insurance In A Consultative Call
Take a Few Minutes With Out Flood Specialist Agents To Determine Your Needs.
Water is pretty amazing stuff. We need it to survive and use it to cool off in the hot Texas Summer, but what about when it comes pouring under the front door? Get a flood insurance quote to protect your home and your stuff against flood damage. At CoVerica, we’re here to advise you on how to buy flood insurance and give you options for coverage levels that meet or exceed the needs of your home and family. From $25,000 in coverage to over a million dollars, our flood insurance experts will help you fill the gaps in insuring your home.
Did you know that ALL homeowner’s insurance policies exclude damage caused by a flood? That’s right, there is not a home insurance policy available from any insurance company that covers flood damage to your home. All flood insurance must be purchased through an additional policy to cover this excluded peril. By insurance standards, we define flood damage as any damage that originates from outside, rising waters. This could be from torrential rain, hurricane or tropical storm, or even a civil water discharge such as a dam or levee release.
How much do Flood Policies cost? Assuming your home is not in a flood plane, flood policies typically start for around $200 a year for basic coverage that could help with remediation and floor damage depending on the size and trim level of your home. If you’re in a flood zone, flood insurance will be mandated from your mortgage lender as part of the loan process. These policies can start at about a $1,000 dollars a year and go up from there depending on the value of your home.