Flood Insurance

A flood can happen anywhere, and as a homeowner, it's up to you to prepare for this kind of catastrophic event. With coastal flooding and heavy rains being so prevalent in Texas, the state is at a high risk of property damage from water. For Texas homeowners, particularly, having homeowner's insurance is a must-have. The same goes for business owners holding commercial estates.

At the G&T Insurance Agency, we offer clientele a wide range of services related to property insurance. Should you choose a homeowner's or commercial property plan in Texas, the coverage will need to include a flood insurance policy to protect against water damage.

What Happens When Your Property is Flooded?

Flooding is surprisingly corrosive, with water overflow resulting in contamination and structural damage. This type of perilous event could lead to ruined carpentry, broken furniture, crumbling walls, cracked floors, and leaky roofs. Depending on the severity of the water damage, flooding could cost a homeowner up to $50,000. The average homeowner pays between $2,000 and $5,000 for a single incident. Even just one inch of water can cost you thousands of dollars. According to FEMA's estimates, 1 inch of water costs the average homeowner upwards of $25,000.

Part of the high costs is due to building materials becoming more expensive. Many homeowners can't afford the cost of rebuilding, so we recommend finding a homeowner's insurance plan that protects you against financial devastation.

What Does Flood Insurance Do?

Flood insurance provides coverage in the event of a flood on your property. For some regions of Texas, lenders require that you buy flood insurance for your home. If you're a Texas homeowner or business owner looking for coverage, feel free to contact the G&T Insurance Agency. Our agent, Garrett Gaspard, would be happy to discuss flood insurance with you.