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Flooding is one of the most common natural disasters in the United States. Over 20% of all flood claims come from people who do not have flood insurance. When buying a home, it’s important to know if flood insurance is required in your area. Christian Insurance Agency in Magnolia, TX can help you navigate this important insurance coverage.
Here we discuss whether you need flood insurance so you can make an informed decision about whether or not to purchase coverage.
Are You In a Flood Risk Area?
The first thing you need to determine is whether or not your home is located in a flood-risk area. If it’s, you’ll most likely be required to have flood insurance by your lender. You can check the National Flood Insurance Program’s (NFIP) website to see if your address is in a Special Flood Hazard Area (SFHA).
Magnolia TX, for instance, is a flood risk area and residents need to have flood insurance from a reputable company like Christian Insurance Agency. If you’re not sure whether your home is located in an SFHA, you can also check with your local Christian insurance agency. They’ll be able to tell you if your area is considered high risk for flooding.
What Does Flood Insurance Cover?
Flood insurance will protect your home and belongings from damage caused by flooding. It’ll also cover the cost of repairing or rebuilding your home if it’s damaged by a flood.
There are two types of flood insurance, building property insurance and contents insurance. Building property insurance covers the structure of your home, while contents insurance covers your personal belongings. Most people who purchase flood insurance will buy both types of coverage to protect their homes and belongings from damage caused by flooding.
Contact Us Today
If you’re thinking about purchasing flood insurance, it’s important to understand what is and is not covered by your policy. You can speak to a Christian Insurance Agency representative in Magnolia, TX to get a better understanding of what is and is not covered by your policy. We can also help you determine how much coverage you need to protect your home and belongings from flooding.