2658 Industrial Blvd.
Abilene, TX 79605
While the state of Texas doesn't require you to have flood insurance, many mortgage lenders won't give you a loan if you live in a high-risk flood area unless you purchase a policy. Even if you don't live in an area with frequent flooding, a policy could still be a good purchase. Up to 25 percent of floods occur in locations that aren't considered high risk, plus flooding causes a high level of damage that's costly to repair out of pocket. Find out more about how Texas flood insurance could benefit your household by contacting Koda Insurance Group today.
There are two main components to your policy: structure and contents coverage. Your policy's structure limits detail how much the insurance company will spend to repair damage to your property and contents coverage deals with replacing damaged or destroyed belongings. Most policies go through a federal program run by the National Flood Insurance Program (NFIP). Policies through the NFIP typically cover:
However, these policies are subject to various exclusions, too, some of which include:
There are a lot of specific details involved with flood insurance, and it's important to know about them before a potential disaster strikes. In order to learn more about flood insurance, as well as Texas-specific requirements, get in contact with Koda Insurance Group for a chat over the phone or visit the office in person.