Having flood insurance is important, especially if you live in a flood-prone area. And even if you do not, it is still worth having as additional protection of your home and personal belongings. However, according to official statistics, only 18% of American homeowners have flood insurance. If you are thinking of buying flood insurance for your property but you do not know how much coverage you actually need, Insurance Over Texas serving clients in Houston, TX and other surrounding areas has prepared a brief guide for you:

How Much Flood Insurance Do I Actually Need?

If your home is located in a flood-prone area, you should consider getting more than the required amount. Your flood insurance coverage should be equal to the value of your home and personal belongings. It includes not only the house itself but also everything that is inside your home, including appliances, furniture, clothing, and other belongings. There are some items though that may be exempt from coverage, such as golf carts, outdoor furniture, and some others. 

When shopping for flood insurance, you should remember that there are policies with individual limits on personal belongings within a specific category. Instead of focusing on the cost of insurance, you should think about how much you will need to protect your personal items by categorizing them. For example, if you have a jewelry collection that costs $10,000, your flood insurance policy may not be enough to carry the loss. 

Flood insurance is not mandatory but it is good to have it, especially if you live in a flood-prone area like Houston, TX. Flood insurance will protect your home and all the belongings you have inside. If you have bought a house and you are currently looking for a trustworthy insurance company to purchase a flood insurance policy, Insurance Over Texas will be glad to assist you. All you need to do is to visit our website or give us a call to talk to one of our insurance agents.