Houston Area Flood Insurance 2009

Hurricane season starts June 1st - November 30th and FEMA reports that everyone in Harris County lives in a flood zone. Even if you have not flooded before, someone floods for the very first time every time there is a flood. Changes in residential building and infrastructure changes the run off of water that you may not be aware of. As little as a few inches of water and cause repairs such as replacing all the flooring, up to 5 feet high of sheetrock and insulation, plus the cost of fans to prevent mold growing as most insurance policies do not cover mold.

-Everyone Lives in a flood zone. (For more information, visit floodsmart.gov
-Most Homeowners insurance does not cover flood damage.
-Just An inch of water can cause costly damage to your property.
-Flash Floods often bring walls of water 10 to 20 feet high.
-A Car can easily be carried away by just two feet of floodwater.
-Hurricanes, Winter storms and snowmelt are common (but often overlooked) causes of flooding.
-New Land development can increase flood risk, especially if the construction changes natural runoff paths.
-Federal Disaster assistance is usually a loan that must be paid back with interest. For a $ 50,000 loan at 4% interest, your monthly payment would be around $ 240 a month ($ 2,880 a year) for 30 years. Compare that to a $ 100,000 flood insurance premium, which is about $ 400 a year ($ 33 ​​a month).
-It Takes 30 days after purchase for a policy to take effect, so it's important to buy insurance before the floodwaters start to rise.
-Your Home has a 26% chance of being damaged by a flood during the course of a 30-year mortgage, compared to a 9% chance of fire.
-Last Year, one-third of all claims paid by the NFIP were for policies in low-risk communities.
-The Average annual US flood losses in the past 10 years (1994-2004) were more than $ 2.4 billion.

Below are packaged prices for zones that do not have a history of flooding in Harris county, typically referred to as "non flood zones". This is a government policy so the price should be the same, no matter which company the policy is purchased from.

Building and Contents Coverage (Without Basement) for Harris County

Building ................ Contents ................. Premium

$ 20,000.00 $ 8,000.00 ............. ............... $ 119.00

$ 30,000.00 $ 12,000.00 ............. ............. $ 148.00

$ 50,000.00 $ 20,000.00 ............. ............. $ 196.00

$ 75,000.00 $ 30,000.00 ............. ............. $ 230.00

$ 100,000.00 $ 40,000.00 ........... ............. $ 257.00

$ 125,000.00 $ 50,000.00 ........... ............. $ 277.00

$ 150,000.00 $ 60,000.00 ........... ............. $ 296.00

$ 200,000.00 $ 80,000.00 ........... ............. $ 326.00

$ 250,000.00 $ 100,000.00 ........... ........... $ 348.00

Source by David D. Lorms