If you’re buying a home, it’s important to protect your investment. Most homeowners get home insurance, but some take this a step further and get flood insurance.
At Modern Risk Management, servicing Houston, TX, we can help you decide if you should get flood insurance for your home. Knowing what flood insurance is and what it can do to protect your investment can help you determine if flood insurance is right for you. Here’s what you need to know.
Who Needs Flood Insurance?
You may need flood insurance if you’re buying a home in a high-risk flood area. You may even be required to purchase flood insurance if you’re buying a house with a loan. Your mortgage lender will let you know if you’re going to be required to get flood insurance.
Even if you’re not required to get flood insurance, it might still be a good idea to get this type of insurance. You can find out if you’re in a high-risk area by looking at flood maps.
When Should I Get Flood Insurance?
If you’re buying a home in a high-risk area, work with your insurance agent to get a flood insurance policy lined up. This is especially important if getting flood insurance is required for a home loan. Your loan will not be funded if you do not have the correct type of insurance in place.
Getting flood insurance is easy when you’re working with a capable insurance agent. The professionals at Modern Risk Management, servicing Houston, TX, can help. We work with a variety of insurance carriers and with the National Flood Insurance Program to help homeowners like you get the right kind of policy for their needs. We’re here to help! Call today.
