![]() ![]() That’s why it’s a great idea to purchase flood insurance regardless of your location on a flood map. ![]() According to Joel Mowery, Co-Owner of SERVPRO of Southwest Lubbock, “The Lubbock area had heavier rains and flooding…we had customers that were devastated where their house was full of water and they had no flood coverage.” It has now become common for devastating storms to affect Lubbock at least once a year. When absorbent prairies and pastures are torn up and replaced by concrete and asphalt roads and buildings, it can put areas that never flooded before at much greater risk. How is this possible? It can be caused by growth and urban sprawl, which are common in Lubbock and other Texas cities increases flood risk. Oftentimes flood maps are difficult to keep up to date, so if you are currently located outside the floodplain, your risk isn’t necessarily less. For natural disasters this figure can be much higher. homeowner faces anywhere from $21,000 to $26,000 in repair costs. When you combine the average cost of cleaning, replacing hardwood flooring and carpets, mold remediation, window trim, door repair, and wall repair, the average U.S. In the event a federal emergency is declared, disaster loans average less than $10,000, and significant damage to your home, business or personal property can quickly exceed this amount. Texas Guardsmen and partner first responders patrolled the flooded areas looking to help Texans in need. Severe flooding in Brookshire, Texas, April 20, 2016. Federal Emergency Management Agency (FEMA), 25% of all flood claims occur outside the floodplain, so even when coverage isn’t required, it doesn’t necessarily mean your property is safe. Floods in 2016 affected large areas of Houston, central Texas and the West. In fact, more than half of homes flooded by Hurricane Harvey in 2017 were located outside of designated floodplains. Anywhere it rains heavily, can also flood, all regions in the Lone Star state are at risk–both inside and outside floodplains.Īccording to the Texas Department of Insurance (TDI), Texas is especially prone to flash flooding and nearly every major city in Texas is in an area at high risk. Instead a separate flood insurance policy is necessary to receive coverage. Homeowners policies don’t cover flood damage, defined as two or more areas affected by rising water or mudflow. ![]() If your home is in a designated floodplain, you are typically required to have flood insurance by your mortgage lender. Do You Need Flood Insurance?Ī floodplain is an area in Texas that has a 1% chance of being flooded in any given year. And just because your property may be located outside a floodplain doesn’t mean you’re not at risk. Let’s face it, next to fire or tornado/hurricane damage there are few things in the insurance world that are worse than a flooded home. Texas consistently has some of the highest fatality rates and property damage costs due to flooding. Unfortunately, each year many Texans don’t have to imagine this scenario and instead face it head on. Imagine wading through your water-filled home or business finding many of your most cherished and vital possessions waterlogged and forever ruined. Carpentry and Cabinets Installer Insurance. ![]()
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