Austin Fire and Flood

When a flood strikes, many homeowners are left with a damaged home filled with ruined belongings. Many have no idea how they'll pay for much-needed flood restoration services. Fortunately, there's an easy way to answer that question before the flood even occurs: flood insurance.

Lenders often require insurance when buying a home using a mortgage. Insurance protects the house if damaged by storms, fires, and even volcanoes. Coverage on the home helps protect the bank's interest in the home and any of the homeowner's equity tied to the house.

Flood insurance is similar to regular home insurance. However, flood insurance covers a home in the event of a flood. In contrast, standard insurance doesn't cover floods at all.

As such, a separate form of insurance that specifically protects the home from floods is best for homeowners near Austin, Texas.

How Likely Are Floods?

Floods happen all over the state, depending on how low the land is or how close it is to flood zones. Flood zones are areas that determine the likelihood of flood risk for a home. FEMA has a flood map that shows different flood zones and helps homeowners determine if their homes are at risk.

Flood risk varies by zone, so it's crucial to know what to expect. These zones affect flood insurance rates and how likely it will be that residents in each zone need flood restoration services.

Who Needs Flood Insurance?

Many people think floods only happen in coastal areas. However, more floods occur in places that many once believed were immune to flooding. That's why all homeowners should consider insuring their homes with flood insurance.

Those in flood zones have no choice in the matter; lenders always require people to have flood insurance when purchasing a home in a flood zone. They want to protect their interest in the house by keeping it safe from the high risk of floods.

How Much Does Flood Insurance Cost?

Flood insurance costs depend on the flood zone. Moving from zone to zone, the likelihood of flooding increases or decreases, and so too do flood insurance premiums. In Texas, these premiums start at around $400 a year and dramatically increase in zones at a higher risk of flooding.

What Does Flood Insurance Cover?

Flood insurance usually covers the home and the things inside it. Most plans cover about $250,000 per livable building and $100,000 for any contents of those buildings. Some policies cover different amounts for homes and items and even other facilities besides dwelling places.

Austin, TX, Flood Restoration Services

When severe flooding damages homes, the people of Austin and North Shoal Creek, TX, need the help of Austin Fire and Flood and their water damage repair services. They have excellent flood restoration services, an expert team, and low prices. The team at Austin Fire and Flood responds to every request as quickly as possible, working diligently to restore what's been lost.