In the San Antonio, TX area, owning a home has continued to be a good long-term investment. Those who choose to purchase a home will enjoy the price appreciation that comes with it and tax benefits, and having a stable place to live. When you are looking to buy a home, it is important to evaluate all of your insurance needs, which could include flood insurance. There are several situations when someone will need a flood insurance policy.
When Your Home is in a Flood Zone
When someone may need to get flood insurance, their home is located in a flood zone. FEMA consistently updates a flood zone map that will designate certain areas to have an elevated risk of flood damage. If your home is located in a flood zone and you have a mortgage in place, the lender may require that you carry coverage the whole time to ensure your property is protected.
When Trying to Protect Home
Even if you are not required to carry flood insurance, you should still get it if you are trying to protect your property as well as possible. The risk of flood damage can be significant and could lead to serious damages. Unfortunately, a standard home insurance policy will often not cover or protect you in these situations. When you get flood insurance, you can be assured that you will be protected against the potential damages that can come with a flood.
As you are looking for flood insurance in the San Antonio, TX area, you may find that picking a policy is challenging. The team at Shavano Insurance Agency, LLC should be your first call when you are looking to improve your insurance coverage. Shavano Insurance Agency, LLC can assess your needs and help you choose the right policy.