Flood risk in the USA is based on decades old information that is seriously out-of date. It is important to work with your agents at Strack Insurance Services in Arlington, TX to have flood insurance for your property.
Get Flood Insurance
Flood insurance is not usually included in the typical homeowner’s insurance policy. Flood insurance is a special policy that covers damage by rising water that is usually not covered by a general homeowner’s insurance.
The problem that is occurring with climate change is that the “flood zones” under the federally mandated flood insurance program are based on data that is, in some cases, over 100 years old. There have been many recent flooding areas that violated the 100-year rules. In fact, during 2017, there have been more than six incidences in a three-month period that violated this 100-year rule. Obviously, climate change is occurring and the areas of potential flood zone risk are expanding.
It is important to note that the rate for flood insurance is very modest, especially if your place is not in a designated high-risk flood zone.
This allows a temporary advantage for consumers to add this extra protection at modest rates. Just check with the good folks at Strack Insurance Services in Arlington TX, to learn how to protect your home or commercial property from flood damage with insurance coverage.
The reverse situation is horrible. If you are not in a federally designated flood zone, there are no requirements by the lenders that the home or commercial property, maintain flood insurance coverage. However, what happens, when a surprisingly strong flood wipes out your home or business? Well, you were not required to have flood insurance, but you would have been much better off if you had it!
This is why you need to contact your agent today at Strack Insurance Services in Arlington, TX and get flood insurance for your properties just to be safe.