The Houston area has an especially high risk for flood damage. The city is in an area that is at risk for hurricanes that can bring storm surges and very high levels of rainfall. The elevation of the city is close to sea level. The ground is mainly composed of clay that doesn’t absorb water well. There are rivers, streams, and drainage channels that pass through Houston on the way to the gulf. There are bayous for storm water that can overflow with heavy rain and flood nearby areas. Heavy construction in the city often can result in flood problems for surrounding areas. Changing weather patterns from global warming and other factors may result in more intense weather events in the future.
You can visit the fema.gov website to view maps of the Houston areas flood zones. You will find that a large percentage of the city area has an elevated risk of flooding. Areas that have less risk are designated on the flood map as being in B, C, D, or X zones. It is important to remember that residents in low risk zones can suffer flood damage. If fact about 30% of all flood damages claims are from areas considered as lower risk.
We you are considering buying or leasing a residence it is important to consider the risk of flood. Ask your realtor or an insurance agent to tell you the flood zone for the property you are considering. If possible select a location in the B, C, D, or X zone. When you buy a property in a higher risk flood area you should consider the higher cost of flood insurance in your decision.
Flood insurance in most areas is inexpensive. Here is a chart of the current cost for homes that qualify for a preferred rate:
Home Coverage $20,000 Property Coverage $8,000 = $112 per year
Home Coverage $30,000 Property Coverage $12,000 = $138 per year
Home Coverage $50,000 Property Coverage $20,000 = $180 per year
Home Coverage $100,000 Property Coverage $40,000 = $233 per year
Home Coverage $200,000 Property Coverage $80,000 = $296 per year
Home Coverage $250,000 Property Coverage $100,000 = $317 per year
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1 comment:
Hi,
I some what agree to your article.
Imagine what would happen if you were uninsured and suffered a massive fire in your home. Without a policy from your local Houston Home Insurance Agent, everything you love and all that you've worked for would literally go up in smoke. A homeowner's policy is an important and responsible way to keep your home and your finances safe from unprecedented disaster.
Thanks,
- Michelle Francis
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