The US had three major hurricanes last year, Harvey, Irma and Maria. What did this reveal? A comprehensive lack of full insurance coverage for property owners, both residential and businesses, in Florida, Texas, Puerto Rico and other regions is astounding.
While most business owners and homeowners have basic property insurance, they do not have flood insurance. Flooding is one of the most calamitous catastrophes that can happen. Believe me, I have been through it myself. Even with flood insurance, it is hard to recover because it gets in everything. You must have a separate flood policy from your homeowner’s policy to be covered for rising water or flooding. And you don’t have to be in one of the “bad” flood zones to flood. When you get 50+ inches of rain like Houston did from Harvey, you’re going to flood.
So while your mortgage company requires you to have a homeowner’s policy, you should require for yourself to have a flood policy. If you are in one of the “good” flood zones, they are fairly inexpensive. There are both NFIP flood policies and private flood insurance policies. Call us today to get a current flood quote. 985-206-9200