Prepare Your Residential Property For Floods

Adequate Flood Prevention Measures for Residential Properties

If you reside in a region susceptible to flooding, there are specific measures you can take to protect your residential land. Here are some guidelines to help prepare your property for potential flood impacts.

Employing Fencing

Fencing can serve as a barrier, blocking rising waters from invading your property. Non-porous fencing materials should be installed along the perimeter of your estate. Conduct yearly inspections and replace any damaged panels resulting from weather impacts.

Installation of Drainage Materials

You can considerably reduce potential flood damage by having a professionally installed drainage system on your property. Drainage materials installed underground won’t affect normal landscaping.

Arranging for Storage

Ensure sufficient storage for valuable items. For instance, consider purchasing a storage building for keeping recreational equipment safe. Should your property flood, this storage will save your possessions from damage.

Choosing Ideal Insurance Products

Review various insurance products that protect your land and home from floods. Insurance policies offer protection for the structural materials of your home and personal belongings, both indoors and outdoors. After reviewing different insurance products, you will better understand the type of insurance you need.

Reach out to Alloy Insurance Partners

Our insurance agents in Dallas, TX, are ready to answer any flood insurance queries you might have. Alloy Insurance Partners in Dallas, TX, will prepare the necessary paperwork associated with your flood insurance policy.

Are there any exceptions to the waiting period after you purchase flood insurance in Dallas, TX?

Flooding can cause massive damage to your Dallas, TX home and property. Nobody expects a flood, and cleaning up can be difficult and stressful. Unfortunately, many people do not have flood insurance to protect themselves and their families when there is a flood. 

Also, you cannot wait until you see a flood is coming to buy flood insurance. With some exceptions, you cannot use a new flood insurance policy for at least 30 days after purchase. Alloy Insurance Partners can help you understand those exceptions.

Exceptions to the 30-Day Rule

You will not have to wait 30 days under these circumstances:

  • If you purchase flood insurance while you are already in the process of renewing, extending, or creating your mortgage loan, there is no wait.
  • You will not need to wait 30 days if you change flood insurance coverage on your renewal bill.
  • You may be able to get a waiver if the flooding occurred due to flooding after a wildfire. 

There is only a 1-day waiting period if you purchase flood insurance within 30 months of a map update when your home or business is designated to be in a high-risk flood area.

Flood Insurance Terms

Your flood insurance policy will last one year and expire at 12:01 on the last day. However, your coverage will remain in effect for the next 30 days after expiration.

Claims during that lapsed period will be honored as long as you pay the renewal within the grace period.

Protect Your Dallas, TX Home From Flooding

When disaster comes, you want to be ready. Alloy Insurance Partners can help you find a policy to protect you and your family. Call today to compare options.

Dallas Residents: What You Need To Know About Flash Floods

Does Dallas Have Flash Floods? 

Flash floods are sudden, destructive floods that occur with little notice. They are the number one weather-related killer in the United States. Dallas, TX is part of flash flood alley, a region of Texas known for these severe weather events.

Flash floods can happen anywhere from a few minutes to a few hours after excessive rainfall. 

How can Dallas residents prepare for flooding? 

Although flash floods come on suddenly, residents can still prepare in advance. Protect your property so that you’re prepared when flash floods strike.

  • Monitor local weather stations and take heed of warnings. 
  • Follow evacuation orders and leave when officials recommend it. 
  • Have an evacuation plan prepared. Include plans for your pets and any livestock. 
  • Know your evacuation route and avoid any low-lying areas when leaving. 
  • Create a “go bag” to have ready for a flood. Include copies of critical documents, medicines, and any pet or baby supplies you may need for a few days. 
  • When practical, invest in flood-proofing measures such as elevated foundations.
  • In the dry season, take time to seal basements, doors, and windows against water. 
  • Invest in flood insurance from a trusted firm, like Alloy Insurance partners. Flood insurance will help protect your investment if the worst should occur. 

Can flood insurance help protect homeowners? 

Flash floods are unpredictable. Protecting your property investment doesn’t have to be. Investing in a flood policy can protect Dallas, TX residents from incurring significant losses in a worst-case scenario. Eligibility for flood insurance can differ depending on counties and flood zones. While some areas may require homeowners to carry it, laws vary.

At Alloy Insurance Partners, we understand your needs. Our agents serving DFW are ready to help you make a wise choice regarding your property. Reach out today to learn more about protecting your home from floods.

Three Things to Know About Flood Insurance

With extreme (and sometimes unpredictable) weather becoming the norm daily, it’s crucial to be prepared for pretty much anything. Regardless of where you live – including Dallas, TX – flood protection is a must, as it’s among the most widespread natural disasters in the country.

But what should safety-savvy consumers know about flood insurance before taking out a policy? Before calling your Alloy Insurance Partners representative to discuss your options, here are some prime factors to keep in mind.

1. Your existing policy probably doesn’t cover flooding

Although some states require homeowners to carry flood insurance if they live within a high-risk flood zone, Texas is not one of them. Many people assume that their current homeowner’s or renter’s insurance will cover them in the event of a flood, but don’t be fooled. Most policies don’t cover flooding, so it’s on you to protect yourself.

2. Not living in a high-risk zone doesn’t mean you’re safe

If you’re lucky enough to be located in a zone at low risk for flooding, that’s great. But it’s no guarantee you’re safe, especially with increasingly erratic weather patterns. All it will take is one bad storm that catches you unprepared to make you glad you looked into flood insurance sooner rather than later.

3. There are two basic types of flood insurance to consider

Once you start shopping around for flood insurance in the Dallas, TX area, you’ll see that there are two basic types available – building coverage and contents coverage. The former covers your home property and its structure, while the latter protects the majority of the belongings within that structure. However, every policy has exceptions and limitations, so be sure to know yours.

Ready to grant yourself the peace of mind that comes with protection? Get in touch with an Alloy Insurance Partners agent today to discuss the best policy for your home or business!

Do I Need Flood Insurance On My New Home?

Owning a home comes with several responsibilities. When moving into a new home, the to-do list is quite long. You have to make any necessary repairs, test the smoke detectors, change the locks, forward your mail, and so much more. One of the biggest obligations that you have when moving into a new home is securing the proper insurance coverage.

If your new home comes with a mortgage, the lender will most likely require you to purchase homeowner’s insurance. Unless you are moving into a high-risk flood zone, you will probably not be required to purchase flood insurance. However, you should know "about 25% of flood insurance claims come from moderate- to low-risk areas."

It is up to you to decide whether or not this type of insurance policy is in your best interest for your new home in Dallas, TX. Fortunately, the agents at Alloy Insurance Partners have the skills and expertise to help you make this important decision.

What Is Flood Insurance?

According to the Federal Emergency Management Agency (FEMA), "Floods are the most common and costly natural disaster in the United States." Flood insurance is a type of insurance that can be added to your home insurance policy to protect your home if you experience loss from water damage that relates directly to natural flooding.

There are two types of flood insurance available, which are building property coverage and personal property coverage. Building property coverage will protect the building and the foundation, while personal property coverage protects your personal belongings. It is highly recommended that you consider purchasing both for your new home.

If you are still not sure if you need to purchase flood insurance for your new home in Dallas, TX, contact Alloy Insurance Partners. We will be happy to answer any questions and provide you with the details that you need to make an informed decision. Give us a call today!

Why Should Someone Invest in Flood Insurance?

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.

Benefits of flood insurance for TX home owners

Alloy Insurance Partners understands that many residents in the greater Dallas, TX area may be confused about floor insurance and if they should have it. Of course, if you live in a flood zone, your lender will require you to have this coverage, but what if you’re outside such areas? It is our belief that it’s important for homeowners to be knowledgeable about floods and insurance coverage so that they can make a wise decision. 

Benefits of flood insurance

With flood insurance protection in place, area residents can enjoy greater coverage for their Texas homes, both inside and out.

  • Protection for your home – typically, primary homeowner policies do not cover all types of water and storm damages. With a separate flood insurance policy, you gain additional protection for your family home. Even in instances where it is not required, obtaining flood insurance is a smart move.
  • Protection for your belongings – your home and your belongings are covered by separate policies, and it’s important to have both! Texas experienced heavy storms that can create flooding, and the resultant water can damage both your home and its interior items. 

Hurricanes do affect the Dallas region, and with them come damaging storms that can create a flood situation. Because of this, it is strongly recommended that all citizens carry flood protection regardless of their home’s location and flood zone status. Rest easy knowing that your home and possessions are protected no matter what Mother Nature throws at them!

Find out more about flood insurance today

If you are a homeowner in the greater Dallas, TX area, you can rely on Alloy Insurance Partners for all of your insurance needs. To find out more about flood insurance, call or stop by our office today!

Do I need flood insurance?

The biggest asset that most people in the Dallas, TX area will ever own is their home. Due to the importance of this asset, having appropriate insurance in place at all times is very important. One form of insurance that you may need to have for your home is flood insurance. There are several situations when you may need to get flood insurance for your Dallas area property. 

Required by Mortgage Lender

One of the most common situations, when someone is required to get flood insurance, is when it is required by their mortgage lender. If your home is located in a FEMA flood zone, the lender will likely want you to get flood insurance to ensure that their collateral is properly protected against flood damage. Most of the time, the lender will also require that you set up an escrow account and pay into it monthly. 

At-Risk for Flood Damage

Even if you are not in a flood zone, you are at a higher risk of flood damage if you are living in a flood zone. In some cases, those that are in even a low-risk flood zone could find that it is hard to get ample coverage for flood damage from their home insurance provider. Due to this, you should consider getting a full flood insurance policy. 

Depending on where you live in the Dallas, TX area, it might make sense for you to get flood insurance. If you do need this type of insurance or are confused about whether you would benefit from it, calling the Alloy Insurance Partners would be a great option. The team at the Alloy Insurance Partners can help someone to get into a flood insurance policy that provides them with the right type and level of flood insurance coverage. 

How much flood insurance do you need?

Some Dallas, TX homeowners face the shock of being underinsured when they need coverage the most. Coming home to ruins is not the time to learn that your policy does not cover natural disasters such as floods. The agents at Alloy Insurance Partners can work to help you find the home insurance policy that best suits your needs. How much flood insurance does an owner need to feel fully covered in Texas, though?

Is flood insurance required?

There is no official state law requiring all homeowners in Texas to have flood insurance. Those living in a flood zone, however, may find it challenging to remain in compliance with their mortgage contract without having a flood insurance plan. By definition, a flood zone is defined as a region in which the likelihood of severe flooding is at least one percent. Nearly every major city in Texas falls within this category. It is, thus, imperative that you purchase a flood insurance plan for your Dallas, TX home. 

How much does flood insurance cost? 

The average flood insurance plan can cost you an additional $700 annually. The specific amount you pay for coverage, of course, depends on several factors, which are not limited to how much you want to spend as a deductible as well as the square footage of your home. 

How much flood insurance do you need?

The average homeowner buys enough flood insurance to replace their home in the instance that the structure is completely destroyed. You may also want to purchase additional add-ons that pay for relocation as well as assets inside the family residence. These additional features are, of course, aside from how much you choose to pay for flood insurance coverage every year.

The agents at Alloy Insurance Partners create personalized plans to fit your budget and lifestyle. Call us today to get started with a quote for coverage!

Do You Have Flood Insurance For All of Your Property?

It is common for people who are diligent in purchasing full coverage car insurance, homeowner’s insurance, and life insurance to overlook flood insurance because they think that they are either covered by their homeowner’s insurance or that they live in a risk-free area. At Alloy insurance Partners, we want all Texans to be aware of the fact that flood coverage does not fall under the typical home insurance policy, and even low-risk zones can flood in extreme times. We serve Austin, San Angelo, Dallas, TX and the surrounding areas with quality insurance for everything from floods to auto coverage and more. 

Flood Insurance Stands Alone

If an area has even a 1% chance of flooding in Texas, then most lenders will require you to purchase flood insurance. However, Hurricane Harvey proved that it does not matter if the property falls into the official flooding zone, in extreme conditions anywhere can flood, and you will be left uncovered with a lot of damage to repair if you do not have this extra coverage. Typical flood insurance will cover your home up to $250,000. However, make sure all of your property is protected by adding a separate flood coverage for your property with a limit of $100,000. If you have special considerations, discuss them with one of our agents to see if we can write a perfect policy for your needs. 

Contact us at Alloy Insurance Partners if you want to discuss your options for flood insurance or any other insurance coverage. We can answer any questions you may have and give you flood insurance quotes. We serve Austin, San Angelo, Dallas, TX and the surrounding areas with quality insurance for all aspects of your life.