Is Flood Insurance Mandatory?

If it rains in San Antonio, TX, it can flood. Unfortunately, your typical home insurance doesn’t protect your home against floods. And if you think the federal government will come to your rescue, count yourself lucky if floods in your area are declared a national disaster. And when this is the case, you will be given a grant that you are required to pay back. 

Given these reasons, you require flood insurance from LeapFrog Insurance to protect your home or business when floods strike. 

Is flood insurance mandatory? 

While no law in Texas requires you to carry flood insurance, you may need this coverage if you buy your home through a mortgage. You see, your lender has a financial interest in your home until you pay off the outstanding liability. And just like you, they would like to protect their investment from risks like floods. 

But whether flood insurance is required or not, you need to invest in this coverage to lessen your financial burden when the unthinkable happens. 

What does flood insurance cover?

When you buy flood insurance from the National Flood Insurance Program (NFIP) or private carriers, it covers both your dwelling and its contents. Flood insurance covers your building up to $250,000 and contents up to $100,000. However, you can increase these limits by purchasing flood insurance from private carriers. 

But I don’t live in a flood plain area?

Floods can strike anywhere. According to FEMA, about 20% of flood insurance claims come from residents living outside flood-risk areas. Since no one is safe from floods, you require flood insurance coverage to protect your home and for peace of mind. 

Buy flood insurance in San Antonio, TX

Since floods can cause unspeakable damage, it’s time to buy coverage from LeapFrog Insurance. Contact us today, and our agents will help you purchase an affordable flood insurance plan.