When you live in an area prone to flooding, it’s important to have flood insurance. Our agents at Heydari Financial Group in Houston, TX are experts in flood insurance and can help you determine if you need it.
Here are a few ways to evaluate your need for flood insurance:
1. Consider The Cost of Repairs
Water damage can lead to floor damage, warped walls, and many other problems. Repairing this damage can be expensive, so it’s important to factor that into your decision. It’s also important to consider that many standard homeowners insurance policies don’t cover flood damage.
2. Know Your Risk Level
There are different risk levels when it comes to flooding, and they’re based on things like your home’s location and the likelihood of a flood in your area. If you live in an area with a high risk of flooding, you’re more likely to need flood insurance than someone who lives in a low-risk area.
3. Understand the Policy Limits
Flood insurance policies have limits, so it’s essential to understand them before you purchase a policy. That way, you’ll know how much coverage you’ll have in the event of a flood. It also helps to know what’s not covered by a flood insurance policy. For example, most policies won’t cover damage from sewage backup or overland flooding.
4. Consider Your Mortgage Company’s Requirements
If you have a mortgage, your lender may require you to have flood insurance. This is especially true if you live in an area with a high risk of flooding. If your lender requires flood insurance, they’ll likely have specific coverage requirements you’ll need to meet.
Secure Your Home with Flood Insurance
If you’re considering flood insurance, our agents at Heydari Financial Group in Houston, TX can help. We’ll work with you to determine if you need it and help you find the right policy for your needs. Contact us today to get started.