Flood Insurance 101: Protecting Your Home and Business During Spring
Introduction
Spring in Texas Hill Country is beautiful, but it also brings unpredictable weather and the risk of flooding. Unfortunately, standard homeowners and business insurance policies don’t cover flood damage. That’s why having flood insurance is crucial for protecting your property and financial well-being. At Galloway Insurance, we help residents and business owners in Burnet, Horseshoe Bay, and Marble Falls stay prepared for the unexpected.
What Is Flood Insurance?
Flood insurance is a specialized policy that covers damage to your home or business caused by flooding. This includes everything from heavy rain and rising rivers to flash floods. Without it, you could face significant out-of-pocket expenses to repair or replace damaged property.
What Does Flood Insurance Cover?
- Building Coverage
- Protects the structure of your home or business, including walls, flooring, and electrical systems.
- Contents Coverage
- Covers personal belongings or business equipment, such as furniture, electronics, and inventory.
Who Needs Flood Insurance?
Flooding can happen anywhere, but it’s especially important for properties in high-risk zones like parts of Burnet and Marble Falls. Even if you’re outside a designated flood zone, over 20% of flood claims come from low- or moderate-risk areas.
The Cost of Not Having Flood Insurance
The average cost of repairing flood damage can run into tens of thousands of dollars. Without insurance, you’d be responsible for covering these costs on your own. Flood insurance offers affordable protection and peace of mind.
Get Flood Insurance Before It’s Too Late
Most flood insurance policies have a 30-day waiting period, so it’s important to act before spring floods arrive. Contact Galloway Insurance today to review your options and secure your coverage.