Homeowners in San Antonio, TX aren’t legally required to carry home insurance. However, if you take out a mortgage loan to purchase a house, the lender will require that you purchase some home insurance coverage. This typically includes liability coverage and coverage for disasters such as vandalism, fire, hail, and thunderstorms.
What About Flood Insurance?
Not all homeowners will need to purchase flood insurance to get a home loan. However, if your home is located in an area at high risk of flooding, your lender will likely require that you carry a flood insurance policy.
FEMA regularly updates a map that makes it easy to tell if your home is in a high-risk flood zone. Zones A and AE are the highest-risk areas, while zone X has the lowest risk of flooding. You can also ask the current homeowner or their neighbors about past flooding in the area.
What Does Flood Insurance Cover?
Flood insurance covers your home and its appliances if they are damaged by floods caused by a storm, hurricane, or a river overflowing its banks. It doesn’t cover damage to your personal property; however, such damage should be covered by your regular home insurance policy. Damage to your vehicle would be covered under a comprehensive car insurance policy.
Call Integrity Advisors Agency LLC for More Information
Integrity Advisors Agency LLC helps San Antonio, TX homeowners find significant insurance policies and policy bundles at the best possible price. If you’re buying a new home, looking for a good deal, or simply want to find out more about your options, contact us to learn more or get policy quotes.
