Flood insurance is not a requirement by law for Allen, TX homeowners, though a lender can require you to obtain a policy. This is true, particularly if they are government-backed. In addition, many people decide to purchase this type of indemnification for the protection it can offer in the event of a flood. Texas Independent Insurance is here to help.
Flood Insurance & Flood Mapping
Flood insurance is not specifically offered through homeowners or other property insurance and is a separate product. You can determine your specific risk of a flood event by looking at a flood map. These are created by FEMA and are updated every couple of years, and this is done to give current information, as topological features can change.
New housing developments alter water pathways, as clearing, excavation and drainage can affect the landscape. Climate change is also a recurring event that can create rising waters in various parts of the country, in addition to heavier rainfall and the potential for flash flooding.
The flood map resource gives residents information regarding the boundaries of the flood plane in their community and the elevations. Your Texas Independent Insurance agent can provide you with more specific details about your Allen, TX location.
The data contained in the flood map helps to determine the premiums you will pay and the likelihood and severity of a flood. Floods can be the result of wet weather streams, overflowed gullies, roadside ditches, and rivers or creeks that rise during heavy rains.
The particular features of your environment can play a factor as well, and the map takes all this into consideration. A city street on a hill that fails to drain properly will have different effects than dry country ground or marshland that does not perk properly.
We Can Help
Contact us by stopping in our office, giving us a call, or reaching out to us online. We at Texas Independent Insurance look forward to serving all your insurance needs.