Flood Insurance in Fulshear

Is flood insurance covered under my homeowners policy?

Flooding is not covered by your homeowners policy. You must have a separate flood insurance policy to have flood coverage.

What is your flood risk?

No matter where you live, you are located in a flood plain. It may be the 100-year flood plain, 500-year flood plain or 1,000-year flood plain, but it's still a flood plain, and you may be at risk for flooding. Let's face it. We are in southeast Texas. It's flat. It floods. Just because your home didn't flood last year doesn't mean it won't flood this year.

It's not a matter of "if" it floods again, but it's a question of "when" it occurs. If you already own your home, there is a 30-day waiting period for the FEMA flood policy to be effective. If you are purchasing flood insurance for a closing and you have a mortgage, the coverage can be effective the day of closing.

100-year flood plain.

The 100-year flood plain term is misleading. It does not mean a flood will occur only once every 100 years. Rather the area has a 1 percent or greater chance of a major flood event occurring in any given year.

Special Flood Hazard Area

The Special Flood Hazard Area is land at a high risk of a major flood. This land is most often referred to as Zone A or Zone AE. A property located in a Special Flood Hazard Area has a 1 in 4 percent chance of experiencing a flood during the lifetime of a 30-year mortgage.

FEMA or Private Flood?

You have options for flood insurance in Fulshear. FEMA or Private Flood insurance in Fulshear is a question faced by many.

FEMA's National Flood Insurance Program enables homeowners, business owners and renters in participating communities to purchase federally back insurance. Property located in 500-year flood plains, commonly referred to as Zone X are offered "preferred" rates by FEMA.

Fulshear Insurance offers FEMA underwritten flood policies as well as mutliple options for private flood insurance. Private flood insurance may cost a little more, but it offers coverage not offered by FEMA, so you have to decide on your risk and what you are willing to pay for the the additional coverage.