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549 E. Sandy Lake Road
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Coppell, TX 75019

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Texas Insurance Blog

Don’t forget about flood insurance when protecting your home or office!

The David King Insurance Services LLC team is here for the residents and business owners in the Coppell, TX area. If you are unsure if flood insurance is necessary to protect your property, give us a call. We can review your location and help you determine if this type of insurance is something that you need.

You may need flood insurance even if your home or office isn’t in a flood zone

Questions about needing flood insurance are easy to answer if you live in a flood zone or your lender requires you to have it. However, there are many situations where having this additional insurance makes a lot of sense. Most primary policies, both home and commercial, have exclusions for losses that are caused by flood water. Because of this, it is often a smart idea to have a flood insurance policy in addition to other insurance.

If you are in an area that is outside of flood zones but still experiences flooding, it’s time to consider a flood insurance policy. First, check your home or commercial policy to see what exclusions there are with the policy. Next, sit down with a local agent to review your flood insurance options. Having a flood insurance policy can help protect you from losses that are due to flooding and that your primary policy might not cover. 

Call or stop by today!

If you are a property owner in the greater Coppell, TX area, you can rely on the team at David King Insurance Services LLC. We are here to answer your questions and provide any information necessary for you to make an informed decision when it comes to all types of insurance. Give our office a call or stop by today!

Who should have flood insurance?

Flood insurance is a very specific type of insurance coverage. With the effects of weather changes that have been happening all over the world, people who would never have thought about flood insurance are giving it some serious thought. At David King Insurance Services LLC in Coppell, TX, we are here to provide the information you may need when making an important insurance decision. As an independent insurance agency, we work for our customers, not for an insurance company, and provide customers with more choices.  

If you live in what is considered to be a flood plain, and you have a mortgage, you may not have a choice about whether you should carry flood insurance. Your lender will demand that you have it, which makes sense since they lent you the money to purchase the home. Flooding causes an incredible amount of damage and even one inch in your home can be catastrophic. 

Flood insurance is offered through the National Flood Insurance Program, which is administered by FEMA. It is sold through private insurance carriers. Not every carrier sells flood insurance, so you need to check with your insurance agent. In order to be eligible to purchase flood insurance, your community must be an NFIP participant. 

Flood insurance is sold in two parts; building and personal property. Both of them have limits and if you need more coverage than the NFIP program offers, there are private insurance options that might be a better fit for you. Building coverage covers the walls, roof, major systems, and things that are permanently attached to the building. Personal property includes electronics, clothing, furniture, decor, and appliances that are not built-in. 

Contact David King Insurance Services LLC in Coppell, TX with questions you may have about flood insurance. You can talk to us on the phone or in person at the office. 

What does flood insurance cover?

Coppell, TX is a beautiful place to raise a family. Still, even with all the magnificence, there is the possibility of inclement weather that brings flooding and property damage. David King Insurance Services LLC can help you understand the details of flood insurance, so you select the right plan for your lifestyle. 

What does flood insurance cover?

Flood insurance provided by the National Flood Insurance Program (NFIP) covers physical losses to your structure as well as damage and loss of your personal belongings. Items damaged or lost have to fall under the umbrella of a flood to qualify as a covered incident. 

By definition, a flood is an excess of water on land in a place that is typically dry. The NFIP offers two types of coverage:

  • Building Coverage;
  • Contents Coverage. 

What does building coverage cover?

Flood insurance under the “building” umbrella primarily pays for damages to the structure. Electrical and plumbing systems are included in building coverage. Furnaces and water heaters are also covered under this type of insurance. 

Those with permanently installed carpeting can submit a claim for damages under the building coverage of their NFIP indemnity plan. Permanently installed carpeting is typically done by a professional and is usually attached to the floor by way of nails. 

Carpeting that is not nailed to the floor does not qualify for protection under building coverage in Coppell, TX. Contents coverage may be the best option in such an instance. 

What does contents coverage pay for?

Obtaining insurance for the contents of your home means that your personal belongings are covered in the instance of severe water damage. Carpeting not included in building coverage is typically eligible for payout under the “contents” section of your indemnity plan. 

Contents coverage also pays for appliances as well as furniture and electronic devices lost in flood. You are likely to receive the value of your destroyed possessions up to your policy’s limits. 

Speaking with an insurance specialist is the best way to get the most out of your flood insurance policy. Call the agents at David King Insurance Services LLC today to request a quote for coverage. 

When is flood insurance needed in Texas?

There are a lot of great reasons to live in Coppell, TX and own a home. When you are going to get a property here, finding the right insurance plan for it continues to be very important. One type of coverage you may need to get is flood insurance. There are multiple scenarios when you need this coverage here. 

When Trying to Comply with Mortgage Standards

A common situation when flood insurance will be needed for your Texas home is when you want to comply with your mortgage lender’s standards. Anyone that lives in a flood zone and has taken out a mortgage will likely be required to carry flood insurance at all times. The lender will usually require that you escrow for your payments each month, ensuring there is no coverage lapse and that their collateral remains covered. 

When Trying to Protect Your Home

It would be best if you also got a flood insurance plan because it can protect your home. Anyone that is going to buy a home needs to ensure that they protect it as well as they can. The best way that people can do this is by getting proper insurance. If you are concerned about flood risk in your area, you may find that your home policy doesn’t give enough coverage to mitigate the risk. In this situation, you should get flood insurance to ensure you remain properly protected. 

A property owner in the Coppell, TX area needs to ensure that they maintain flood coverage when it is necessary. As you are shopping for protection, you should call David King Insurance Services LLC. The team with David King Insurance Services LLC understands the necessity of this coverage. They will help you build a plan that properly covers your property.

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