- Texas bears the brunt of many of the Atlantic and Gulf hurricanes. In the weeks following
Hurricane Rita in 2005, more than 439,095 Texas residents applied for disaster
assistance, according to FEMA.
- Flooding is not uncommon in Texas.
Floods kill 140 people per year and cause $6 billion in property damage
nationwide.
- Wildfires run rampant in the south. In March of 2006, more than 906,000
acres burned in the Texas Panhandle region.
Texas homeowners have learned to live with
the threat of flooding, but what many homeowners in Texas may not know is their home has a 26
percent chance of being damaged by a flood during the course of a 30-year
mortgage. Damages to the home from flooding are not only traumatic to the
structure (not to mention mentally unnerving), but flood damage can be
traumatic to the homeowner's financial health as well. To protect your home and
your financial health from flooding, it's best to invest in a homeowner's insurance
policy that will cover you, your family, and your belongings in case this
natural disaster occurs.
Currently, over 5 million people hold flood insurance policies in more than
21,000 communities across the United
States. Insurance policies and costs can
vary greatly in Texas
as hundreds of insurance companies offer policies and many different factors
can affect pricing/premiums. Such factors include:
- Type of structure or
construction
- Risk percentage in your
particular area
- How much coverage you feel
you need.
The biggest mistake you can make is to do nothing at all; Texas residents need to prepare for these
and other natural disasters by ensuring the right home insurance policy is in
place. Hundreds of insurance companies, many of which are disreputable, sell
homeowners insurance in Texas.
It's difficult not only to differentiate the legitimate companies from the
illegitimate, but it can be difficult for Texas consumers to find the right policy at
the lowest possible price. At insurehome.net, you can find the lowest real-time
insurance quotes in Texas.
