How Are Flood Zones Determined?

In short, a flood zone classifies how likely the Federal Emergency Management Agency (FEMA) believes that an area will flood. Generally speaking, if you are purchasing a home in a flood zone your mortgage lender is likely to require you to purchase additional flood insurance beyond what, if any, coverage your homeowner’s insurance offers with our team. 

FEMA uses 15 categories to determine whether or not a property is in a flood zone. Any property in an A or V Zone is considered to be in a Special Flood Hazard Area which means that it is at the greatest risk of flooding. Generally, these are beachfront properties or those where floods have caused significant damage in the past. Any property within the V Zone is required to have flood insurance. Properties within Zones C to X represent those with minimal risk or flooding and it is dependent on the lender whether or not flood insurance is required. Areas that have not been evaluated by FEMA but where flooding is deemed possible fall within Zone D. 

Damage caused by flooding is generally not covered by insurance because it is considered to be a gradual incident and not one that is sudden or accidental. If water has hit the ground first before entering your home then it will likely be considered flood damage and not covered by insurance. Purchasing flood insurance, even if not required by the lender, offers substantial peace of mind and financial security from damage caused by water and waves.

At Outdoor Insurance Services in The Woodlands, TX, our friendly and competent team can help assist if your home is in a flood zone or if you want information on the benefits of flood insurance. Give us a call today for a no-obligation consultation. 

Assessing Your Need for Flood Insurance

You’ve probably watched on the news how many people lost their homes due to torrential downpours. Although the extent of the damage varies greatly from house to house, it often exceeds the funds a family has to repair or replace. Flood insurance protects individuals, but it’s not necessary for all homeowners. At Outdoor Insurance Services, serving The Woodlands, TX and the nearby region, we can help you determine if flood insurance is necessary for you. 

Assess Your Risk

Keep in mind, even if you’re at a higher elevation, floods can damage the bottom structure of your home and cause it to collapse. You also want to take into consideration that water can seep into your home and cause damage to your basement.

You want to take into consideration the average rainfall in your area as well as how often storms occur. You want to take into consideration the type of storms that affect your area. It’s also important to think about the worst-case scenario. If your standard policy doesn’t cover the damage, you’ll need to pay out of pocket. If you can’t afford it, you could find yourself struggling to figure out how to repair the damage.

Consider What the Policy Offers

Policies vary regarding what they cover and how much of it they cover. It’s important to consider what the policy covers and if it’s enough. If you’re worried about a specific area of your home getting damaged by flooding, you want to make sure the policy covers it. Sometimes, flood policies are limited. You also want to consider that even if you’re not in a high-risk area, you could experience flood damage.

Contact Outdoor Insurance Services, serving The Woodlands, TX and nearby area, for a quote for flood insurance by calling us at 832-497-5312.