Do I Need Flood Insurance?

Homeowners’ insurance covers repairs your home needs after many types of natural disasters have damaged it. Most insurance covers damage caused by snow, ice, wind, hail, or lightning. However, most homeowner’s policies do not cover damage caused by flooding. To be insured for floods caused by rainstorms or other natural disasters, you must purchase a flood insurance policy.

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Does Renters Insurance Cover Floods?

Renters insurance does not cover damage to personal property caused by floods. The good news is your renter’s policy does cover water damage from overflowing plumbing or appliances.

When Flood Insurance Is Required

Your lender may require you purchase flood insurance. The Federal Emergency Management Agency or FEMA states that lenders must require their borrowers to purchase flood insurance if the company is federally regulated or insured. The home is located within a high-risk flood area. High-risk flood areas are locations that have a 1 percent chance of flooding every year. Some private lenders will also require flood insurance before they will approve borrowers for a home loan.

When Flood Insurance Is Recommended

If your home is in an area that has been designated as a high-risk flood area, insurers recommend that you purchase flood insurance. These are areas that have less than a 1 percent chance of flooding every year. If your house isn’t near water, the possibility of a flood may still exist. You may live near a creek or a pond that can overflow and flood your property. If you live near a hill, stormwater may cause a flood in your home.

How To Know If You’re in a Flood Zone

If your house is near a body of water, you may be in a high-risk flood zone. Even if you don’t see have a body of water nearby, you may be in a floodplain or an area that doesn’t have adequate storm drainage during a flood. To find out your flood hazard and risk, check the FEMA Flood Map Service Center. Determine your flood risk by examining the map on this website. Locations in Zones B, C, and X are designated as the lowest risk for flooding. The V Zones exist along the coast, and they have the highest risk. The A Zones also carry a high risk of flooding.

You can find out your home’s risk of flooding in other ways as well. For example, if you perform a title search, you can learn your flood risk, but you can also ask your real estate agent if you are in a high flood risk location or near a flood plain.

The National Flood Insurance Program or NFIP

FEMA runs the flood insurance program known as “NFIP,” It offers flood insurance policies that the federal government underwrites. Private insurance companies also sell these policies. You may be able to purchase a policy through the NFIP that covers the structure of your home for up to $250,000. It can cover personal belongings of up to $100,000. These policies will offer you the replacement cost so that you can rebuild your home as it was before the flood. Your belongings may be subject to depreciation compared to the current cost, so be sure to find out the details.

If you purchase flood insurance through the NFIP, you will receive a federal government subsidizes policy. The average NFIP insurance policy costs $700 per year, but policy costs will vary based on your location’s flood risk. If you are in a high-risk area, your premium could be as high as $6,000 per year.

Flood Insurance from a Private Insurer

You may also purchase a flood insurance policy from a private insurer. A private insurance agent may offer coverage at higher levels than are available with NFIP. You can also purchase an excess flood insurance policy if you would like to augment a policy you purchase from the NFIP. If your area does not participate in the NFIP, or you obtain your flood insurance from a private company, you can purchase excess flood insurance as well. You are entitled to purchase this extra coverage even if you are living in a high-risk area.

The Cost of Flood Insurance

When you purchase a flood insurance policy from a private insurer, it’s a good idea to get quotes from several insurance companies. This allows you to find the best coverage for the best price.

If you are purchasing your flood insurance through the NFIP, the premiums vary based on several factors, including:

  • The year you built your home
  • The number of rooms in the home
  • The number of floors
  • The location of your belongings
  • The area’s flood risk
  • The location of your first level in relation to the Base Floor Elevation

Reducing Your Flood Insurance Premiums

Anything that you can do to minimize the damage caused by flooding on your property will be something that may reduce your flood insurance premiums. The following ideas are things you can do right now with this objective in mind:

  • A surveyor or engineer prepares elevation certificates. Your surveyor or engineer will inspect your home and determine where the lowest floor elevation in your house lies. If it is above expected inundation levels, your surveyor or engineer will be able to provide you with a certificate that you can present to your insurance company. This is one way that you can lower your flood insurance premiums.
  • It is also a good idea to elevate your electric panel, water heater, and your HVAC unit so that they are less likely to be damaged in flood.
  • Good maintenance requires that you keep your storm drains and gutters clean. In addition to that, installing one-way valves can prevent water from flooding your drains.
  • Basement walls that have been sealed also encourage insurers to offer you lower premiums as well as waterproofing your materials.
  • Ensure that you keep your important documents and valuable items on higher floors or in the attic of your home.

Having Flood Insurance in a Low-Risk Area

If you are in a low-risk flood area, you may not think purchasing flood insurance is worthwhile. Keep in mind that flood damage is often catastrophic, significant, and costly.

Most Flood Policies Have a 30-Day Waiting Period.

Don’t wait to purchase a flood insurance policy because there is a 30-day waiting period before flood insurance becomes active in most cases.

Total Restoration of Texas can be at most Austin-area locations in under 1-hour. We have emergency service available 24-hours a day, 7-days a week.

G B.
February 18, 2024

Great company to work with. We've used them twice already. They were fast to respond and professional. Highly recommend.
Huan J.
December 9, 2022

Very fast service, super professional, was able to pinpoint another issue with termites on top of cleaning up the mold. Highly recommend
April H.
January 26, 2024

Very prompt and organised.
Nicole B.
October 2, 2021

We had an emergency flood situation in our brand new home and Ryan came out and cleaned it all up!! He was at the house within 30 minutes of calling the...
Amanda K.
January 25, 2024

We had a leak in our attic, and the first person we called was total restoration . Ryan was amazing. I wish I could give him more than 5 stars 🌟 . He came out within an hour of being called and dried up all the water in my home. His crew came out the very next day and took all drywall out to prevent mold. His company also helped me pack my belongings and get them out of the way so we can restore our home back to normal. I highly recommend this company as they go above and beyond to make things go as smooth as possible during this hard time.
L O.
August 28, 2020

I first worked with these guys a few months ago when I bought a newly-constructed home that had serious leaks. During a very traumatic time, Ryan and the...
Amy M.
January 22, 2024

Flooded garage. They were here same day and super helpful!
Matthew F.
January 18, 2024

These folks are heroes. When there is a disaster unfolding in your house that you can't contain, these are the types of people you want responding. From the day some flooding started upstairs until the day the insurance claim was closed some 6 months later, everyone we worked with was available and responsive at all times. As new damaged areas were discovered, Ryan found a way to get out to our house (which is not at all centrally located) with fans and plastic and everything needed to stem the damage, even when he had just packed them up because we thought the job was done. On the billing end, Kylie was a pleasure to work with, assuring me that I wouldn't be on the hook for a huge tab if my insurance company was being difficult. That's a big concern when you've never filed a major claim before and when the need to commit to work comes before the commitment from your insurance company to make you completely whole. I don't wish for another disaster, but if one strikes, we'll call TRT.
Katie T.
December 15, 2023

Professional; timely, and honest service. Really appreciated their no-hassle approach. Will definitely use again should future water mitigation issues arise.
Olivia L.
November 21, 2023

Jason and Ryan were amazing, went above and beyond helping dry out my house and navigate a home insurance claim. Extremely knowledgeable, friendly, punctual, and professional. I wouldn't go anywhere else. These guys will take care of you beginning to end. 100% recommend 👌
Bekah P.
November 7, 2023

Ryan did a fantastic job helping to remove the damaged items in my kitchen during a water mitigation project. He was professional, quick, and easy to work with. He made the whole experience so much better, especially with having to deal with a kitchen flood. Once the process was over, my insurance decided to go no-contact for a while, and Kylie helped a ton with dealing with my insurance. She pushed them on multiple occasions, and was able to get them to reply and pay-out after almost 3 months of silence! Thanks so much for a great experience, all!
Kevin D.
September 12, 2023

Ryan did a fantastic job with a second opinion we needed. On time and knowledgeable, a great asset to your company.

We provide the following services, from start to finish:

Beyond your walls and ceilings, we’ll also take care of every little thing that matters.

  • Content Inventory, Cleaning, and Storage
  • Electronics Cleaning
  • Furniture Repair
  • Photo / Art Repair and Restoration

We restore flood-damaged homes and offices in these Austin-area communities:

  • Austin
  • Bee Cave
  • Buda
  • Cedar Park
  • Georgetown
  • Kyle
  • Lakeway
  • Leander
  • Lockhart
  • New Braunfels
  • Pflugerville
  • Rollingwood
  • Round Rock
  • San Marcos
  • Sunset Valley
  • West Lake Hills

Water damage? Let us handle the mess.

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