There are upcoming changes to the FEMA flood insurance maps, and it might have an effect on your existing flood insurance policy and the premium you pay. Please call us if you have any questions about flood insurance and to see if you are affected by these new changes. 281-998-2500
FEMA just completed a multi-year project to re-examine area flood risks and developed detailed, digital flood hazard maps. The updated maps reflect current flood risks, using the most current elevation, rainfall, and other data combined with the latest modeling technology. As a result, residents and business owners will be able to make more informed decisions to help ensure their personal safety and financial stability.
A flood insurance policy is the best way to protect your home and your personal belongings. The NFIP allows you to convert your existing flood insurance policy to reflect the lower risk so that you can still maintain your important coverage while also reducing the annual premium you pay in the future; you may even be eligible for a refund. Why do flood maps change? Flood hazards change over time due to changing weather patterns, land erosion, and construction in and around our community. Updated maps provide a more accurate picture of a property owner’s flood risk.As a result, business owners and residents – like you – can make more informed decisions to ensure their personal safety and financial security.
What does this mean for you?Due to newly identified flood hazards in your area, the flood maps indicate that your property may be at increased risk of flooding – you are now in the high-risk flood area. Flood insurance coverage is mandatory for properties with federally backed mortgages located in the high-risk flood area.
What can you do? The National Flood Insurance Program (NFIP) offers a cost-saving option called the Newly Mapped Procedure. To maximize your savings and reduce your financial risk, we urge property owners to learn about their coverage options and purchase a lower-cost flood insurance policy before the new flood maps become effective. Texan Insurance can help you find the lowest-cost flood insurance policy.
Since your flood risk and insurance needs may be changing, we would like to further discuss the effects of the new maps, review your insurance options, (e.g. NFIP’s Policy Conversion, low-cost Preferred Risk Policies) and help determine when you should take action.
Please call us to help you find the lowest-cost flood insurance policy.281-998-2500