Climatic changes bring about weather changes that cause erratic hurricanes that result in torrential rainfalls. And as you know, if it rains, it can flood. And when it floods, there is a potential loss of property and lives. Unfortunately, typical home insurance doesn’t cover flood damage. That said, the issue of investing in flood insurance has never been more pressing.
So, why should a resident in Dallas, TX invest in flood insurance from Alloy Insurance Partners? Here are the reasons.
Floods damage can be extensive
Did you know that a one-inch rise in water levels can cause damages to the tune of $25,000? Given that flood damage can be catastrophic, that’s why you need flood insurance to ensure you don’t incur out-of-pocket expenses whenever floods strike.
Floods can strike anywhere
While homes in flood zones are at high risk, floods can strike anywhere it rains. In fact, according to FEMA, about 20% of flood insurance claims are from residents living in areas not considered at risk of floods! Because no home is safe from floods, you must invest in flood insurance.
To protect your assets
When you invest in flood insurance, you protect your building and its contents whenever floods strike. This way, you don’t have to start from scratch whenever floods destroy your assets.
It may be mandatory
Yes, no Texas law requires you to purchase flood insurance, but if your home is mortgaged-financed, and it’s located in a flood-plain area, your lender may insist you purchase flood insurance. And even if you live in a low to moderate flood risk area, your lender may still insist you buy flood insurance.
Buy flood insurance today!
As you can see, flood insurance is a must-have investment if you value a home. If you live in Dallas, TX, and its environs, please get in touch with Alloy Insurance Partners to invest in flood insurance.