Cypress, TX has seen its share of flooding in recent times, and there is always a possibility there could be another natural disaster in the area. Unfortunately for homeowners who did not have flood insurance during the last flooding, this is not something that is covered in a standard homeowner’s policy.
Before you decide to purchase flood insurance, you need to understand the risk in your area and what kind of protection exists. At InsureUS, we can help you assess your future risks look through your options.
Do you live in a flood zone?
If you live in a designated flood zone, you will need to purchase flood insurance to even get a mortgage. Even if you aren’t close to a body of water, there could be other problems like drainage issues that make your area a flood zone.
Replacement cost or actual cash value?
When choosing a policy, you will need to decide how much insurance you need. That will be based on the value of your home and possessions, but you can also choose a policy that will rebuild your home as it was instead of just offering you the current market value.
Don’t wait
If you do experience flooding, your policy already needs to be in place. There is a 30-day period after you purchase flood insurance before it goes into effect.
Whether you own or rent your home in Cypress, TX, your standard homeowners or renters insurance will not protect you in case of flooding. You will need to have a policy that specifically covers your home during a flood. If you are interested in purchasing flood insurance, or if you just have any questions about it, please feel free to call InsureUS today.
