Flood Insurance for Your Home & Business

TWFG Insurance Spring / The Woodlands is independent insurance agency serving the needs of Spring, Klein and The Woodlands with Homeowners,  Auto Insurance, Flood Insurance, Life Insurance and Business Insurance.  Call our office today and start saving (281) 466-1310, or fill out our online quote form at your convenience. 

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​FEMA has expressed growing concern about the lack of understanding by home and business owners about the often cost-effective protection flood insurance provides. 

"​Did you know, the average flood claim is $52,000 while the average flood insurance policy costs a little over $700 a year."

​Business and homeowners mistakenly believe they have protected their investments with homeowners or business insurance policies, but these policies fail to protect against the most common natural disaster, unless they also purchased a flood insurance policy.
 
​Homeowner, mobile home, condo, and business insurance policies normally do not cover flooding damage. In addition, there is a 30-day waiting period for new flood policies, so check the long-range weather forecasts and patterns for your area and secure flood insurance for your home or business well before hurricane season.

A few facts about flooding in the U.S.

• Floods are our nation’s most common and costly natural disaster that equates to millions of dollars in damage every year.  Damage estimates are still coming in for Hurricane Harvey,  however, nearest estimates are at $150 billion, and as high as $190 billion,  the last of which would make it the costliest natural disaster in US history.
• Homeowners and renter’s insurance policies rarely include flood damage. 
• More than 20 percent of flood damage claims are from dwellings outside of the high-risk flood zones.
• Flood insurance policies can pay regardless of whether there is a Presidential Disaster Declaration.
• Most federal disaster assistance is in the form of low-interest disaster loans from United States Small Business Administration (SBA) and require that you pay the loan back. FEMA does offer disaster grants that don't need to be paid back but is often much less than what you need to recover. A claim against your flood insurance policy can and often does, provide more money for recovery than those you might qualify for from FEMA or the SBA, and you don't have to pay the money back.
• If you live in a high-risk flood zone you may be required to purchase flood insurance.  Congress has mandated that all federally regulated and insured lenders require flood insurance on properties that are financed in areas with high risk of flooding.  Even if your property is not located in a high-risk flood area, your lender may still require it.

​Don’t get caught without the protection of a flood insurance policy! Call TWFG Insurance Spring / The Woodlands for your quote today (281) 466-1310.

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FLOOD INSURANCE FAQs

Flood Insurance FAQs in Tomball TX

Do I need flood insurance in Tomball, Spring, or The Woodlands?

Yes, many homeowners and renters in Tomball, Spring, and The Woodlands benefit from flood insurance. Flooding can occur outside of high-risk flood zones, and standard homeowners insurance does not cover flood damage.

Does homeowners insurance cover flood damage?

No. Homeowners insurance does not cover flood damage caused by rising water. A separate flood insurance policy is required to protect your home and belongings from flood-related losses.

Is flood insurance required in Texas?

Flood insurance is usually required if you have a federally backed mortgage in a high-risk flood zone. Even if it’s not required, many property owners choose flood coverage to protect against unexpected losses.

How much does flood insurance cost in Spring or The Woodlands?

Flood insurance costs vary based on factors like property location, elevation, building type, and coverage amount. Many policies are more affordable than people expect, especially outside high-risk zones.

How long does it take for flood insurance coverage to start?

Most flood insurance policies have a waiting period before coverage begins. Because of this delay, it’s best to secure coverage before flood season or severe weather threats arise.

What does flood insurance actually cover?

Flood insurance typically covers structural damage to the building and, depending on the policy, personal belongings. Coverage details and limits vary, so reviewing the policy is important.

Can renters get flood insurance?

Yes. Renters can purchase flood insurance to protect their personal belongings. Landlord insurance does not cover a renter’s personal property from flood damage.

Will flood insurance cover flooding from heavy rain?

Yes, flood insurance covers damage caused by rising water from heavy rain, overflow, or runoff. It does not cover water damage from plumbing leaks or roof leaks, which fall under different policies.

Should I keep flood insurance if my home isn’t in a flood zone?

Many claims come from properties outside designated high-risk flood zones. Flood insurance can still provide valuable protection even if your home is not classified as high risk.