RSS feed source: Federal Emergency Management Agency
AUSTIN, Texas – Many Central Texas residents and business owners whose properties were damaged in the July storms and flooding may have believed their homeowner’s insurance covered flood damage.
Homeowner’s policies can cover damage from fires, tornadoes, hail and wind. But most policies do not cover damage sustained in a flood.
Flooding in Texas is not uncommon. Yet just 7% of homeowners in the state have flood insurance through the federal government, which runs the biggest flood insurance program in the country.
There are more than 170,000 residential structures in Burnet, Guadalupe, Kerr, Kimble, McCulloch, Menard, San Saba, Tom Green, Travis and Williamson counties. More than 90% of the homes in these counties are not insured by the FEMA-managed National Flood Insurance Program.
Communities in Texas are eligible to participate in the National Flood Insurance Program, and policy holders are eligible for federal assistance after a disaster like the July 2-18 flooding in Central Texas.
Flood damage can happen anywhere, to anyone, and often to the surprise of homeowners, renters and business owners who thought their properties were covered for flood damage.
Flood insurance is a separate policy that can cover buildings, the contents of a building, or both. So, it is important to protect your most valuable assets — your home, your business, your possessions. Coverage under the National Flood Insurance Program is available regardless of whether
Click this link to continue reading the article on the source website.
