It’s common sense that flood insurance is an obvious necessity if you live in a flood zone. In fact, many mortgage companies require homeowners to carry flood insurance if they live in a flood zone. This is primarily because homeowners insurance doesn’t cover flooding.

However, flood insurance may also be a worthwhile investment for those that don’t live in a flood zone. Modern Risk Management is here to educate Houston, TX residents on the benefits of flood insurance.

What is Flood Insurance and Why do I Need it?

Flood insurance is designed to cover any damage to your home, the structures on your property, and your personal belongings, as a result of flooding. Homeowner’s insurance doesn’t cover flood damage. This is why investing in flood insurance is practical, especially if you live in a flood zone.

I don’t live in a Flood Zone. Should I Still Consider Flood Insurance?

Flood insurance is a wise investment even if you don’t live in a flood zone. Many people would be ill-prepared to cover the damage caused by an unexpected flood. In fact, many flood claims come from people who live in areas that aren’t considered flood zones. Some would say, "better safe than sorry." It’s best to have the coverage, even if you don’t live in an area prone to flooding.

Also, flood insurance can be affordable. People who choose to rely on federal help in the event of a flood may receive limited funds to take care of flood damage. The damage caused by floods can be costly and expensive to repair. Flood insurance provides a safety net to get the repairs you need if your home or belongings are damaged by flooding.