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Gant Insurance Gant Insurance
  • Home
  • Personal
    • Auto
    • Homeowners
    • Umbrella
    • Motorcycle
    • Personal Quote
  • Business
    • Commercial Auto
    • General Liability
    • Commercial Property
    • Business Owners
  • Life
  • Health
  • Carriers & Claims
  • Become An Agent
  • About Us
  • Blog
  • Contact Us
    • Write A Review
Feb 06
flood water on residential street

Why Your Home Needs Flood Insurance

  • February 6, 2020
  • Archives, Blog, home insurance, Personal Insurance

Secure supplemental coverage for your home.

While your homeowners insurance is designed to protect against a wide variety of risks, certain perils cause so much damage that they are too expensive for standard insurance providers to cover.  As such, these perils are specifically excluded from your home policy.  One type of excluded peril is flooding.  To secure coverage for flood damages, you will have to secure a separate flood policy.  Here’s what you need to know about this specialty coverage.

What is Flood Insurance?

Most flood insurance policies are administered by the Federal Emergency Management Agency (FEMA).  Insurance providers work with FEMA to offer homeowners access this coverage in flood-prone areas.  Flood insurance offers coverage for the physical damages and losses caused by floods and flood-related erosion.  This coverage extends to floods caused by heavy rain, dam breaks, clogged storm drains, unusual tide surges, and so on.

How Much Does Flood Insurance Cost?

The cost of your flood coverage is dependent on several factors.  When determining your coverage rates, insurers will look at the following:

  • The amount of coverage you have purchased
  • The deductibles you set
  • The location of your home
  • The age, occupancy, and structure of your home
  • The elevation of your home’s lowest floor relative to the elevation of the 1% annual chance flood

This is what you need to know about specialty flood insurance for your home.  Do you have additional questions about your homeowners insurance?  If so, then contact the experts at Gant Insurance Agency in McKinney, Texas.  Our dedicated team is eager to assist you with all your coverage needs today.

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    The Gant Insurance Agency, Inc is a family owned Texas Insurance agency located in the heart of McKinney, Texas. Since 1987, the Gant family has provided affordable insurance products to North Texas.

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