Homeowners in Cypress, TX are not legally required to carry flood insurance. However, this is usually required by your mortgage provider when your property is located in an area termed high-risk and especially if the lender is government-backed. Flood insurance is a separate type of coverage from your standard homeowner’s policy. Your InsureUs representative will be more than happy to explain all the differences and your options.
Even if you do not own your own home, you may need flood insurance, as damages incurred to your property by flooding will not be taken care of if you only have renters’ insurance. Your hazard level is determined by your building’s location on the flood maps created by FEMA and updated every five years.
Typically, your risk is considered elevated if you are in a zone that has a 1% chance or higher of flooding. Because of the extensive property loss associated with flooding, the related expenses of repairing your home can be severe, in addition to any costs associated with temporary relocation.
It’s important to note that some low-lying areas may be subject to the sudden appearance of wet water streams during torrential downpours that feature rapidly moving water. Smaller creeks, gullies, and even roadside ditches can all become pathways for rising floods, and it’s essential to be aware of areas prone to 100-year floods. These are regions where rare flooding has been documented, and these events are usually of considerable magnitude.
InsureUs is pleased to offer various indemnification options for residents of Cypress, TX, and we welcome any questions you may have. Please get in touch with us for further details; we look forward to working with you.