- “It is expensive.” Costs generally run around $500-$600 per year, depending on location and home value.
- “Flood insurance is for people who live by rivers.” One in every five flood claims come from homes not in flood plans.
- “Water damage is water damage.” While most policies cover water damage from rain, they exclude coverage from flooding or rising waters.
A Texas Flood Insurance Update Texas may not get as much rain as other parts of the country, but we do have our share of floods. Flooding can happen almost anywhere. That is why we recommend you consider flood insurance. Flood insurance Flood insurance is excluded under your homeowner’s insurance. You will need to have a separate policy. Myths about flood insurance