There are no homeowner’s insurance policies offering flood insurance coverage. FEMA has the responsibility to remap possible flood risk areas at least every ten years throughout the United States. These flood zones can change at any time, so it is up to the homeowner to know if they are located in a flood zone or they are not.
- The homeowners that are not located in a flood zone have to decide whether or not they want this type of coverage
- The homeowners who live in a designated flood zone and have their homes paid off will also have to decide if they want flood protection
- Those homeowners, who have a mortgage on their homes, have no choice in the matter and will be required to carry flood protection coverage, and this will place as quite a burden on most families residing in the El Paso area
Homeowners are going to be unhappy when they find out that they must now have flood insurance when they were never required to have it before. As of 2013, FEMA has designated most of El Paso, Texas as a flood zone.
This new FEMA mapping is in its final stages, and has not as yet been finalized. If El Paso residents were to buy into a flood protection plan before rezoning of flood zones are finalized, they will be able to get the premiums at a lower rate. Flood insurance can be purchased through your independent agent through the National Flood Insurance program. This program is backed by the United States government.
What is covered on my flood insurance policy?
- All personal possessions
- All major appliances and small appliances
- Uninstalled rugs and carpets
- Freezer foods
- Artwork
- Foundations
- Central heating and air conditioning units
- Water pumps
- Electrical systems
- Basement drywalls
What is not covered?
- Money, currencies
- Gold
- Stock certificates
- Platinum
- Vehicles on property
- Possessions outside the home, such as, pools, trees, shrubs, garages, sheds
As an independent agent we can help you get the El Paso, Texas policy you need to keep your investment protected and secure from flooding. Call your independent agent today.