Flood Insurance in Longview, TX
Flooding can occur without warning, and even a few inches of water may cause significant losses. Since standard homeowners and commercial property insurance policies typically do not cover flood damage, having a dedicated policy is essential for financially safeguarding your home or business.
What Does Flood Insurance Cover?
Flood insurance can help you recover from damages caused by rising water or mudflow. Policies may include coverage for the following:
- Building’s structure, including walls, floors and foundation
- Essential systems like electrical and plumbing, as well as heating, ventilation and air conditioning (HVAC)
- Personal belongings, such as furniture, appliances and clothing
- Inventory, equipment and other assets for businesses
It’s important to note that flood insurance often does not cover damage from sewer backups unless directly caused by flooding, as well as losses outside your insured property.
How Much Coverage Do I Need?
Flood insurance is recommended for anyone living or working in areas with any level of flood risk. Mortgage lenders may require coverage for properties in high-risk zones, but even those in moderate or low-risk areas can benefit from this financial protection.
Determining the right amount of flood insurance depends on several factors unique to your property, such as its flood risk level. You should also consider the cost of repairing or rebuilding your home or business, not just its market value. Flood insurance should generally cover the full replacement cost of your structure, including essential systems. Additionally, you need to select coverage limits and deductibles that fit your budget.
Find Flood Insurance Near You
If you’re unsure how much coverage matches your needs, our experienced agents at Erick Dodge Insurance Agency Inc are here to help. We’ll review your property details, discuss your concerns and recommend flood insurance options tailored to your situation. Contact us today to get started.