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  • Bob Lilly

Common Problems When Buying Flood Insurance


A Flood Insurance Update

Few people understand how flood insurance works. Nonetheless, when you need it, flood insurance can go a long way to help you recover from a loss. Insurance is all about understanding risks, and not every business or homeowner is equally at risk for flood losses. Having flood insurance means you will be reimbursed for all your covered losses, and unlike Federal aid, it never needs to be repaid.

Flood Insurance Concerns

  • Your homeowner’s insurance does not cover floods. Flood insurance requires a separate policy that is especially for floods. If you do not have one, you are not covered.

  • You may need flood insurance even if you live outside the flood plain. Flooding can occur anywhere. In fact, 30% of flood damage occurs outside the “flood plain.”

  • If you decide you want flood insurance, you will need to secure coverage as soon as possible. There is a 30-day waiting period before policies can be bound.

  • There are flood polices for condominiums and apartments as well.

Whether you’ve just started a home-based business or your business is established and growing, Shepard Insurance Agency can help you protect your livelihood against the unexpected. We offer tailored programs for all types of businesses and professions in McAllen, TX, the entire Rio Grande Valley and the great State of Texas.

Shepard Insurance Agency understands that your property is a very important part of your life. In fact, the single biggest investment you may ever make is your home. Are you sure you have adequately protected your home and other properties?

Call us at (956) 686-3888 or start a Free Rate Quote.


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