Texas law doesn’t require that home or business owners purchase flood insurance coverage. However, if you took out a mortgage to buy your home or business location, and the address is in a San Antonio, TX flood plain, your mortgage lender will likely require that you purchase flood insurance. What’s more, even home and business owners who aren’t legally obligated to invest in flood insurance may want to consider the benefits of doing so. Research shows that rainstorms in San Antonio, TX are becoming increasingly intense, putting your property and valuable assets at risk of total loss in the event of an unfortunate incident.
What Does Flood Insurance Cover?
Flood insurance covers a building’s structure, electric wiring, plumbing, foundation, and appliances. It can also cover the cost of removing debris from the premises after a flood. Permanently attached cabinets and shelves are covered, as are detached garages on the property. Flood insurance also covers personal belongings such as clothing, furniture, and electronic devices.
However, it should be noted that only weather-induced flooding is covered by a flood insurance policy. Furthermore, flood insurance won’t cover damage caused by moisture or mold if the insurance inspection determines the property owner didn’t take measures to prevent mold and mildew damage before the flood.
Contact AlphaSure Affordable Insurance Services for More Information
Flooding in Texas causes billions of dollars in damages every year. Our team at AlphaSure Affordable Insurance Services can’t protect you from floods, but we can help you purchase coverage that will help you rebuild your home and/or business after a disaster. Call us to find out more about our coverage options or to request price quotes.