Houston’s population is rapidly increasing, but it was really shocking that when Hurricane Harvey hit the county then only a few homeowners were insured with flood insurance while comparing to the last five years of data, according to data presented by an Associated Press Investigation.
We at Christian Insurance Agency are ready to find the best and affordable flood insurance policy for you to mitigate the worst effect of the flood on your life.
We all know the disaster history caused by hurricanes, floods, and storms in the state of Texas and its counties. These monstrous natural disasters have swallowed many lives and properties within them. Hurricane Harvey in itself is one of the fatalist disasters in the hurricanes history of Texas. The flood caused by it has submerged the major portion of Houston and its surrounding areas. The sharp 9% decrease in the flood insurance means that the residents did not have financial backup to renovate their homes and have to rely entirely on savings. Many were forced to sell their property as they did not have any financial support to fix their properties that were severely affected by the flood. The southeastern part Houston alone had 20% drop in flood insurance. The declining rates were alarming and needed attention.
Roy Wright who is the current head of the flood insurance program is working closely to mitigate this problem and minimizing the “true insurance gap”. But the decision truly lies with the individual; the product can be made available but availing it is a decision for the homeowners.
Most of the individual not availing flood insurance is because they think that it will not happen to them. Several Houston homeowners also attributed to from decreased coverage to tight financial budget as to not buying a flood insurance policy.
The number of policies in Houston fell at a whopping 11% and at the same time, the total flood insurance of entire country dropped 10%.
FEMA has been criticized for not giving enough insight to people buying the flood insurance policies. Under current rules, people living in Special Flood Hazard Zones must buy the flood insurance policy, however during 2001, 65% of land which was not designated floodplain was flooded and thus lead to devastations.
Even during the time of Hurricane Harvey, the maps did not highlight the flooding from the overcapacity of drainage sewers and ditches. The individual could not foresee such damages and often ignores buying a flood insurance policy. They feel it as another bill which adds to the budget and which they can’t afford.
But the devastation of a flood is great and at times you have to worry about the basic necessities like home, and food on the table, rather than which is luxury and entertainment. Flood insurance will be an add-on to your budget but at the time of need, it has proved to be a real savior preventing you from great financial loss. So buy flood insurance and prevent your family from unforeseen devastations and calamity. Feel free to call us and explore the best possible options to cover your needs and doesn’t overshoots your budget.
Request to be contacted by Christian Insurance Agency today. Or, you can call us at 281.789.4070