Flood Insurance Quote
Did you know: 1 in 4 homeowners in Houston are protected with Flood insurance – Are you?
Just a few inches of water from a flood can cause tens of thousands of dollars in damage. Over the past 10 years, the average flood claim has amounted to over $33,000. Flood insurance is the best way to protect you from devastating financial loss associated with rising water damage.
Houston Insurance Price Quotes offers Flood insurance to home owners/renters, condo owners/renters, apartment renters and commercial owners/renters. Costs for a flood insurance quote can vary depending on how much insurance is purchased, what it covers, and the property’s flood risk.
Typically, there’s a 30-day waiting period—from date of purchase—before your policy goes into effect. That means now is the best time to get a flood insurance quote.
Flood loss payments totaled $2.6 billion in 2008. In 2005 loss payments totaled $17.6 billion, the highest amount on record, including losses from hurricanes Katrina, Rita and Wilma.
The average flood claim in 2008 was $42,066, up from $26,390 in 2007.
So just it’s never flooded in your neighborhood that does not mean that you are not at risk. Homes located in the floodplain have a 26% chance of suffering from flood damage over the course of 30 years. Compare that to the 4% risk of loss due to fire and you can put things into perspective - a home built in a high-risk area is five times more likely to suffer damage from a flood than a fire over the course of a 30 year mortgage.
If you’re a homeowner, you can get up to $250,000 worth of flood insurance on your home’s structure and an additional $100,000 on the contents of the home for less than $350/Year. If you need less coverage, preferred-risk flood insurance policy starts at $119/Year!
The flood insurance policy will also cover the home’s foundation and the equipment that is necessary to support the home. This includes items such as water heaters, furnaces, and electrical panels.
There are a number of factors that are used to calculate flood insurance quote costs. This includes items such as the amount of coverage, the age of the home and the flood zone that the home is located in.
Keep in mind that the typical homeowner’s insurance policy does not cover you for flood damage. Be prepared and purchase a Flood Insurance policy today! Simply fill out the form above and we will prepare your flood insurance quote, handle all the paperwork, billing, and e-mail you confirmation when your home is protected.