In most cases, flood insurance is considered an optional add-on to a homeowners’ insurance policy. The state of Texas does not make purchasing flood insurance mandatory. However, if you live in a part of Texas that is considered to be at high risk of flooding, it’s a good idea to purchase flood insurance. Some mortgage companies require that homeowners purchase flood insurance if the property is located in a high flood area. There do happen to be some homes in Whitesboro, TX that are considered to be more prone to flooding, so if you purchase one of these homes, you may be required to purchase flood insurance.
Before You Buy Flood Insurance
Before buying flood insurance, you need to contact your insurance company to determine if it’s mandatory. Again, in most areas of Texas, flood insurance isn’t required, and if you don’t want to pay extra for flood insurance, you shouldn’t have to.
Reasons to Consider Flood Insurance
Even if you live in a city where flood insurance isn’t a requirement, you might want to add it to your plan. With the weather changing unexpectedly due to global warming, you can never predict when flooding might occur in your area, and a normal homeowners’ insurance plan doesn’t cover damage sustained due to flooding. This is why FEMA recommends that you obtain this add-on insurance.
Consult With Us
As you can see, in most cases, flood insurance isn’t required in the state of Texas. However, if you live in an area in Whitesboro, TX where flooding is prevalent, your mortgage company might require that you add this insurance to your homeowners’ insurance policy. At SWH Insurance Agency LLC, we provide our customers with top-notch service as well as great coverage. Give us a call today at SWH Insurance Agency LLC to obtain a quote.
