Flood Insurance Dallas / Fort Worth
Flood insurance in Texas is backed by the Federal Government and provided by FEMA. At DFWinsurance.com we offer flood insurance to anyone owning a home that might want this coverage. Damage from rising water and flood does not come on any home insurance policy in Texas, nor can it be endorsed. A flood insurance policy is its own separate policy and own separate premium. No one in the state is required to carry flood insurance on their home however if your home is found to be in a flood zone then most mortgage companies will require you carry a flood insurance policy before they will close on a loan for the home. Most homes are not in a flood zone. If you are wondering if the home you are about to buy is in a flood zone then most home appraisers will let you know ahead of time. If you have purchased a home in a flood zone then you will be provided with an elevation certificate.
What Is Flood Insurance And What Does It Cover?
Flood insurance generally covers the structure of your home and the contents inside. There are many coverage amount options that you can choose from for both dwelling and personal property. Generally the way flood insurance works is that if you suffer a loss due to rising water from outside then it would usually be considered a flood loss. If the pipe breaks in your wall, or the water heater bottoms out in your home, or your toilet overflows while you are gone then those types of losses would be taken care of under the water damage of your home insurance policy and would not constitute a flood under flood insurance.
How Much Does Flood Insurance Cost?
The price for flood insurance can vary greatly depending on your elevation compared to flood evaluation and history. Flood insurance must be bound 30 days prior to any flood loss. If you are out a flood zone and just want to purchase the coverage to be safe and protect your property then the cost is relatively inexpensive and usually very economical.
As a local, independent agency, DFW insurance has partnered with many of the top insurance companies in the business. You can get an estimate for flood insurance by filling out our form.