Can I use my Houston, TX flood insurance as soon as I purchase it?

Your Houston, TX home insurance and renters insurance cover some natural disasters. Unfortunately, flooding is not one of the natural disasters that is covered under a standard policy. That is why it is so important to have a policy so that your family doesn’t suffer if something happens. At Modern Risk Management, we can help you find a policy to meet your needs.

When To Purchase Flood Insurance

If you think there is not much risk of flooding, you may decide to wait. That could cause you to lose out on the ability to use flood insurance because almost all flood insurance policies have a waiting period of 30 days.

Exceptions To the 30-Day Waiting Period

There are some exceptions to the waiting period:

  1. You would probably not need to wait 30 days if you added flood insurance while creating your policy, renewing it, or increasing your overall policy.
  2. You can probably waive the period if you add the extra coverage to your renewal bill.
  3. There is also a rare exception for some homes recently affected by wildfire. 
  4. Another unusual exception may apply to homes recently added to high-risk flood areas.

Don’t Wait To Protect Your Home

The water can destroy the structure even if a flood leaves your home standing. Water can cause permanent damage quickly, cracking your foundation, interfering with your electrical system, and destroying everything inside your home. Mold and mildew can start growing within 24 to 48 hours, leading to additional health hazards. 

Without flood insurance, you will be responsible for paying for the damages to your Houston, TX home. If you have any questions about flood insurance or would like to add a policy, please call Modern Risk Management today.