There is no denying that Hurricane Harvey is one of costliest disasters in the US history. The collective estimates of flood damage to homes and businesses in and around Southeast Texas caused by Hurricane Harvey range from $150 billion to $180 billion, according to Texas Governor Greg Abbott. He said that Hurricane Harvey was more damaging and costly than Hurricane Sandy and Katrina which delivered severe blows to New York in 2012 and New Orleans in 2005.
The United States has a long history of natural disasters like hurricanes and floods. Even tech-smart cities like Houston and Corpus Christie knelt down in floods which more than 4 feet of rain added to during and after Hurricane Harvey in South Texas. Harvey broke USA’s national rainfall record created by Tropical Storm Amelia in 1978. Flood insurance is the only relief for victims of such natural catastrophes, according to Christian Insurance Agency in Texas.
Unfortunately, a majority of homes in the Harvey-affected counties of Southeast Texas are not protected with flood insurance. Only 20% of homes in Nueces County where Corpus Christie, one of the coastal cities in Texas, is located have flood insurance. Not more than 15% of homes in Harris County where Houston is located are secured with flood insurance. Houston and Corpus Christie have been affected the most in Harvey’s flood waters.
Surprisingly, only a trivial percentage of Texans have flood insurance while Texas has a history of damaging, according to the Insurance Information Institute. Only 12% homeowners were found having valid flood insurance coverage in a 2016 national poll conducted by the Institute Information Institute. Evidently, rebuilding the damaged infrastructure is a herculean task in the aftermath of Hurricane Harvey.
Rebuilding efforts in the Harvey affected areas of the Gulf Coast may be delayed by a few years more than expected due to the shocking fact that fewer than one in five homeowners are protected with flood insurance. “Texas is one of the biggest recipients of relief fund, but flood insurance has done very poorly in the Lone Star state, said Scott Knowles, a historian at Drexel University. His comment seems appropriate in the light that the National Flood Insurance Program is nearly $25 billion in debt after paying coverage claims from Hurricane Katrina and Sandy.
Those insured against flood damage under the National Flood Insurance Program are not free from worries about coverage benefits. Needless to say, those having no flood insurance will have to wait years to rebuild their damage residential or commercial properties themselves or receive natural disaster relief funds from the government.
Inarguably, flood insurance is a must need for homeowners and businesses in flood-prone areas of Texas’ coastal counties. Having flood insurance from independent insurance providers like Christian Insurance Agency is full of benefits in hard times. The biggest benefit of having flood insurance from Christian Insurance Agency is that you can depend on coverage against flood damages even if the US government does not declare a natural calamity a federal disaster.
It’s never too late to prepare for an uncertain future and take an informed decision like being insured against flood damages by a reliable insurance provider.
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