Friday, August 12, 2022

What that you must learn about flood insurance coverage for hurricane season

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Predictions name for a really busy hurricane season with 19 named storms. Are you ready?

HOUSTON — June marks the beginning of hurricane season, which implies now’s the time to be sure to have all the pieces so as.

That’s very true for flood insurance coverage, as a result of it takes 30 days for a brand new coverage to kick in.

In the event you reside in a designated flood zone, flood insurance coverage is required.

However greater than half of the properties that flooded throughout Hurricane Harvey have been exterior that zone, in order that’s one thing specialists say everybody ought to contemplate.

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There are three large issues to remember when deciding on a flood insurance coverage coverage, based on the Texas Division of Insurance coverage: What it prices, what it covers, and the truth that there’s a wait.

The common flood coverage prices about $700 a 12 months.

In the event you reside exterior a high-risk flood zone, you may often discover a federal coverage for lower than $500 a 12 months.

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These will cowl your private home as much as $250,000.

You will want a separate coverage for belongings, which is one thing renters can get too.

Do not forget that your insurance coverage coverage doesn’t go into impact instantly, as a result of there’s a 30-day ready interval. So when you wait till there’s a storm approaching, it received’t do you any good.

You possibly can speak to your private home insurance coverage agent or go to floodsmart.gov to seek out an agent to speak about flood insurance coverage.

Stephanie Whitfield on social media: Fb | Twitter | Instagram





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